Amazon, Berkshire Hathaway, JPMorgan Chase join forces to tackle US health care

Washington

RETAIL behemoth Amazon has joined forces with two other titans of American business - Warren Buffett's Berkshire Hathaway and JP Morgan Chase - to tackle one of the most enduring problems in the country: quality affordable health care.

Jeff Bezos' Amazon, Mr Buffett's firm and the financial giant said on Tuesday they would create a nonprofit health care plan to "provide US employees and their families with simplified, high-quality and transparent health care at a reasonable cost".

"The ballooning costs of health care act as a hungry tapeworm on the American economy," Mr Buffett said in a statement. "But we also do not accept it as inevit…