Amazon, JPMorgan, Berkshire Hathaway Creating New Health Care Company

SEATTLE (AP) — Amazon, Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase are teaming up to create a health care company “free from profit-making incentives and constraints.”
Buffett, in a prepared statement Tuesday, called the skyrocketing costs of health care in the U.S. the “hungry tapeworm on the American economy.”
Warren Buffett (Photo by Alex Wong/Getty Images)
The ambitious goal, they say, is in the early planning stages, but the seismic nature of the announcement sent a shockwave through the health industry.
Shares of health care companies are falling in early trading.
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Source: WBZ-TV - Breaking News, Weather and Sports for Boston, Worcester and New Hampshire - January 30, 2018 Category: Consumer Health News Authors: Health – CBS Boston Tags: Business Consumer Health Local News Amazon Berkshire Hathaway Health Care JPMorgan Local TV Warren Buffett Source Type: news