Amazon, Berkshire & JPMorgan Chase to partner on health care

Amazon, Berkshire Hathaway, & JPMorgan Chase on Tuesday reported plans to partner on ways to cut health-care costs & get better services for their U.S. employees. "The ballooning costs of healthcare act as a hungry tapeworm on the American economy," Berkshire chief executive officerWarren Buffett said in a statement. "The healthcare system is complex, & we get in into this defy unlock-eyed about the degree of Hard," said Amazon chief executive officerJeff Bezos. The Fresh Inc.'s goal at premier going to be to target technology resolution to simplify the health-care system. Analysts echoed the sentiment which the health-care system is outdated & ripe for disruption, paving How for the Fresh endeavor.

Amazon, Berkshire Hathaway, JPMorgan Chase to tackle employee health care costs, delivery

(picture: AP)A corporate US dream team -- Amazon, Berkshire Hathaway & JPMorgan Chase & Co. -- are combining efforts to get better health care for their U.S. employees. Growing health care costs "act as a hungry tapeworm on the American economy," said Berkshire Hathaway CEO & chairman Warren Buffett in a statement. & the JPMorgan Chase Institute researches health care costs, finding in an October 2017 report which health care spending is Guessed to grow faster than gross domestic output out of 2025. U.S. spending on health care rose from 13% of GDP in 2000 to 18% in 2015. further: 20-plus health care stats which going to blow you awayFollow USA TODAY reporter Mike Snider on Twitter: @MikeSnider.

Amazon, Berkshire Hathaway & JP Morgan going to form Inc. to get better employee health care

according to Amazon.com Inc. AMZN, +one.eleven% Berkshire Hathaway Inc. BRK.A, -0.74% [S: brk.b] & JPMorgan Chase & Co. JPM, -0.ten% 3 of the biggest companies in the U.S., reported plans on Tuesday to begain a breaking up Inc. by the goal of getting better health care for their U.S. employees. The Inc. going to be "toll free from profit-making incentives & constraints," focusing in the beginning on technology resolution, & going to initially be led by Todd Combs, an investment officer at Berkshire Hathaway, Marvelle Sullivan Berchtold, a managing director at JPMorgan Chase; & Beth Galetti, a senior vice president at Amazon. Berkshire Hathaway Chairman & Chief Executive Warren Buffett described increasing health care costs as "a hungry tapeworm on the American economy" in a statement, adding which the 3 companies do "not come to this crisis by answers. Rather, we share the belief which putting our collective resources behind the country's best talent could, in time, check the height in health costs When concurrently enhancing patient satisfaction & outcomes." Amazon shares have surged 27.six% over the final 3 months, Berkshire Hathaway Class A shares have surged eight.seven% & JPMorgan shares have surged 14.six%, compared by a ten.nine% height in the S&P 500 SPX, -0.67% & a 13.two% height in the Dow Jones Industrial Rate DJIA, -0.67percentRead the complete story: Amazon, Berkshire Hathaway & JPMorgan health initiative send industry shares plummeting

collected by :Lucy William