🗞 Amazon founds health insurance with JP Morgan and Warren Buffett
Amazon is getting into a new business field. Together with the largest US bank JP Morgan and investor Warren Buffett, the group wants to take over the health care of its employees.
Three heavyweights team up to cut healthcare costs for their employees. The Amazon, the largest US bank JPMorgan Chase and Warren Buffett's investment company Berkshire Hathaway announced on Tuesday a joint project - a kind of health insurance for employees.
The US healthcare system is suffering from rising insurance costs and is considered one of the most expensive and inefficient in the world, according to star investor Buffett.
There is still no solution to this problem, but they are unwilling to accept it as inevitable, Buffett continued. JP Morgan, Amazon and Berkshire Hathaway want to start with an independent and non-profit company that will find technology solutions to provide employees with easier and cheaper health care. Details were not mentioned at first.
Whether the new company is forever limited to the employees of the companies involved is questionable. "The three corporations have extraordinary resources, our goal is to find solutions for our US employees, their families and - possibly - all Americans," said JP Morgan chief Jamie Dimon. "Our people want transparency, knowledge and control."
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This is great news for Americans. If some of the military spending would go to cover health care it would be even better..
That would make a lot of sense, for all countries. But unfortunately very unlikely in the near future.
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Awesom this is really good news for americans