Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care

Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care
“Those are three big players, and I think if they get into health care insurance
or the health care coverage space they are going to make a big impact.”
Even the three companies don’t seem to be certain how they intend to shake up the health care system.
One of the people familiar with the partnership between the companies said it took form as Mr. Bezos, Mr. Buffett,
and Mr. Dimon, who are friends, discussed the complications of the country’s health care system and the challenges of providing insurance to their employees.
The partnership brings together three of the country’s most influential companies to try to improve a system
that other companies have tried and failed to change: Amazon, the online retail giant; Berkshire Hathaway, the holding company led by the billionaire investor Warren E. Buffett; and JPMorgan Chase, the largest bank in the United States by assets.
“I think it’s a great counterweight to what government leadership hasn’t done,
which is to focus on how do we make this health care system sustainable.”
Planning for the new company is being led by Marvelle Sullivan Berchtold, a JPMorgan managing director who was previously head of the Swiss drugmaker Novartis’s mergers
and acquisitions strategy; Todd Combs, an investment officer at Berkshire Hathaway; and Beth Galetti, a senior vice president at Amazon.
SEATTLE — Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday
that they would form an independent health care company for their employees in the United States.