Amazon, Berkshire, JPMorgan partner to cut U.S. healthcare costs [Reuters (UK)]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Reuters
Amazon, Berkshire, JPMorgan partner to cut U.S. healthcare costs | Reuters 5 Min Read (Reuters) - Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co said on Tuesday they will form a company to cut health costs for hundreds of thousands of their U.S. employees, setting up a major challenge to an inefficient U.S. healthcare system. The move by three of the best-known U.S. business leaders - Amazon’s Jeff Bezos, Berkshire’s Warren Buffett and JPMorgan’s Jamie Dimon - would take on the world’s most expensive healthcare system, whose mounting costs have hurt corporate profits. Shares in U.S. healthcare companies fell across the board. The new, not-for-profit venture will initially focus on technology for “simplified, high-quality and transparent healthcare” for their more than 500,000 U.S. employees. They did not elaborate on their strategy, but said they are searching for a chief executive officer. Healthcare industry experts say the new entity could eventually negotiate directly
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 3/22/24 - Form PX14A6G
- 3/15/24 - Form ARS
- 3/15/24 - Form DEFA14A
- BRK.B's page on the SEC website