Three Giants – Berkshire, Amazon, JPMorgan – To Form Joint Employee Venture

Matt PfeiffenbergerNews

Article by Andrew G. Simpson for “Insurance Journal”

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. are partnering to create an independent healthcare company for their U.S. employees that will be focused on improving employee satisfaction and reducing costs.

The new venture will be “free from profit-making incentives and constraints” and will initially emphasize technology solutions that will “provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost,” the companies aid.

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