Amazon, Berkshire Hathaway, JPMorgan Chase join forces to tackle US health care
The trio could become a disruptor in the healthcare industry just as Amazon has in retail; details are thin
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".
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices
Dying salmon trouble Norway’s vast fish-farm industry
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too