DealBook Briefing: Ken Chenault Wants Silicon Valley to Grow Up
- 6 years ago
DealBook Briefing: Ken Chenault Wants Silicon Valley to Grow Up
Health care stocks fell on news that Amazon, Berkshire Hathaway
and JPMorgan are partnering to form a venture to lower the health care costs of their employees.
Mr. Buffett’s Berkshire Hathaway announced it is teaming up with JPMorgan Chase
and Amazon to form an independent health care company to serve their employees in the United States.
They said the initiative, which is in the early planning stages, would be a long-term effort “free from profit-making incentives and constraints.”
Mr. Buffett’s concern about rising health care costs is not new, nor is his use of “tapeworm” to describe them.
With Andrew Ross Sorkin
Here’s what we’re watching:
• Amazon, Berkshire Hathaway and JPMorgan Chase are teaming up to form a health care company.
And, beyond that – if they do develop a new approach, will it be helpful to the masses
of employees at lesser companies, or, worse, the unemployed and uninsured?”
3) Do these companies bring valuable expertise to providing health care at a lower cost?
Health care stocks fell on news that Amazon, Berkshire Hathaway
and JPMorgan are partnering to form a venture to lower the health care costs of their employees.
Mr. Buffett’s Berkshire Hathaway announced it is teaming up with JPMorgan Chase
and Amazon to form an independent health care company to serve their employees in the United States.
They said the initiative, which is in the early planning stages, would be a long-term effort “free from profit-making incentives and constraints.”
Mr. Buffett’s concern about rising health care costs is not new, nor is his use of “tapeworm” to describe them.
With Andrew Ross Sorkin
Here’s what we’re watching:
• Amazon, Berkshire Hathaway and JPMorgan Chase are teaming up to form a health care company.
And, beyond that – if they do develop a new approach, will it be helpful to the masses
of employees at lesser companies, or, worse, the unemployed and uninsured?”
3) Do these companies bring valuable expertise to providing health care at a lower cost?