Amazon, Buffett, JPMorgan tackle US health care "tapeworm"
Published on January 30, 2018 at 04:44PM by By TOM MURPHY, AP Health Writer
Amazon, Warren Buffett and JPMorgan are forming a new company to address the health care costs of their employees, sending shares of health care companies down sharply across the entire sector despite the vague nature of the announcement. On Tuesday Amazon's Jeff Bezos said that he, along with Buffet and JPMorgan, would attempt to make health care better for hundreds of thousands of their employees, and perhaps, eventually, the country. There were few details and those involved said the project is in the early planning stage. "The ballooning costs of (health care) act as a hungry tapeworm on the American economy," said Buffett, the head of Berkshire Hathaway, in a prepared statement. "Our group does not come to this problem with answers.
Published on January 30, 2018 at 04:44PM by By TOM MURPHY, AP Health Writer
Amazon, Warren Buffett and JPMorgan are forming a new company to address the health care costs of their employees, sending shares of health care companies down sharply across the entire sector despite the vague nature of the announcement. On Tuesday Amazon's Jeff Bezos said that he, along with Buffet and JPMorgan, would attempt to make health care better for hundreds of thousands of their employees, and perhaps, eventually, the country. There were few details and those involved said the project is in the early planning stage. "The ballooning costs of (health care) act as a hungry tapeworm on the American economy," said Buffett, the head of Berkshire Hathaway, in a prepared statement. "Our group does not come to this problem with answers.
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