The announcement by Amazon, Berkshire Hathaway and JPMorgan Chase that they are forming an independent company to offer high quality and transparent healthcare at a reasonable cost to their combined 1.2 million U.S. employees is a long-overdue kick in the pants for the industry, observers say.
Plagued by high costs and inefficiency, healthcare has become a “hungry tapeworm” eating away at the American economy, according to Berkshire Hathaway CEO Warren Buffett. However, the new partnership is an attempt to optimize the patient experience and health outcomes while remaining “free from profit-making incentives and constraints.”
