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-4.65224470808064E-05 -0.00032472668062347 0.000186089788322829 -6.97836706207467E-06 -0.003954408001861 -0.00251221214235878 -0.00251221214235878 -0.00251221214235878
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Amazon, Berkshire, JPMorgan partner to cut U.S. healthcare costs [Reuters]

BERKSHIRE HATHAWAY (BRK.B)  More Company Research Source: Reuters
PDF 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 [Read more]

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