Amazon, Berkshire Hathaway, JPMorgan to form health care company

Jan 30, 2018 - 11:29 AM

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will create an independent company “free from profit-making incentives and constraints” to address health care for their U.S. employees, the organizations announced today. “The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent health care at a reasonable cost,” the organizations said. “Tackling the enormous challenges of health care and harnessing its full benefits are among the greatest issues facing society today. By bringing together three of the world’s leading organizations into this new and innovative construct, the group hopes to draw on its combined capabilities and resources to take a fresh approach to these critical matters.” The effort initially will be spearheaded by Todd Combs, an investment officer at Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director for JPMorgan Chase; and Beth Galetti, a senior vice president at Amazon.

Related News Articles

Headline
Study finds flu, COVID-19 infection temporarily raises risk of heart attack, stroke 
A study published Oct. 30 by the American Heart Association found that people have an elevated risk of heart attack and stroke following flu and COVID-19…
Headline
AHA podcast: A Blueprint for Systemwide Care Transformation for Older Adults
Jon Zifferblatt, M.D., executive vice president and chief strategy officer at West Health, and Diane Wintz, M.D., critical care specialist and medical director…
Headline
Hospital-at-home bill considered during House Ways and Means Committee markup
The AHA submitted a statement Sept. 17 for a House Ways and Means Committee markup session on a series of health care and other bills. Specifically, the AHA…
Headline
AHA highlights key health care priorities for House, Senate leaders to address by end of year 
The AHA detailed its key health care priorities for the remainder of the year in comments to House and Senate majority and minority leaders Sept. 15. The AHA…
Headline
Survey finds nearly 48 million experiencing depression
A Gallup report published Sept. 9 found that nearly 48 million Americans currently have or are being treated for depression. The total, which equals 18.3% of…
Blog
Q&A with Owensboro Health and CredibleMind: Tackling Behavioral Health Through Community Collaboration
In this insightful conversation hosted by Nancy Myers of the American Hospital Association, we explore how Owensboro Health (Ky.) and CredibleMind are…