This is interesting news. Bloomberg reports https://www.bloomberg.com/news/arti...jpmorgan-to-set-up-a-health-company-for-staff
This is an interesting initiative. The three companies employ more than 1M, so they have critical mass. They also consider themselves as premier employers, so they are motivated to look for health care options that are high quality but lower cost. I suspect they will find lots of opportunity to do, and only wonder if what they find or achieve is scalable or transferable.Three corporate giants are teaming up to combat what billionaire Warren Buffett calls a “hungry tapeworm” feasting on the U.S. economy: health care.
Amazon, Berkshire Hathaway and JPMorgan Chase Inc. and said they plan to collaborate on a way to offer health-care services to their U.S. employees more transparently and at a lower cost. The three companies plan to set up a new independent company “that is free from profit-making incentives and constraints,” according to a short statement on Tuesday.