Amazon, Berkshire Hathaway, and JPMorgan Chase to partner on US employee health care
A partnership has been announced between Amazon, Berkshire Hathaway, and JPMorgan Chase to cut health-care costs and improve services for their U.S. employees. Together these giant companies employ more than 1.1 million workers and will team up to target technology solutions to simplify the health-care system and remove profit-making incentives. Following the announcement shares of Berkshire and J.P. Morgan fell slightly, while Amazon edged higher. Principals of Amazon, Berkshire and J.P. Morgan noted that the way it will work remains to be seen but they're hoping that their sheer size will help bring the necessary scale and resources to tackle the issue.