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
AHA, HCMC to host webinar on predictive analytics
The AHA and the Hospital Capacity Management Consortium will host a webinar Sept. 4 on the use of predictive analytics within hospital capacity management,…
Headline
CMS Innovation Center releases FAQ on prior authorization program pilot
The Centers for Medicare & Medicaid Services Innovation Center Aug. 12 released an FAQ on the Wasteful and Inappropriate Service Reduction Model, a six-…
Headline
HRSA seeks comments on recommendation adding two conditions to state newborn screening list 
The Health Resources and Services Administration is requesting public comments on its recommendation to add metachromatic leukodystrophy and Duchenne muscular…
Headline
HHS revives child vaccine task force 
The Department of Health and Human Services Aug. 14 announced it will reinstate the Task Force on Safer Childhood Vaccines, a federal panel to provide…
Headline
Report: Nearly 57% of new mothers did not attend postpartum follow-up visits 
Nearly 57% of mothers did not attend a postpartum follow-up visit three to eight weeks after giving birth, according to a report published July 29 by Cedar…
Headline
CDC data finds kindergarten vaccination rates declined during 2024-25 school year
Kindergarten vaccination rates declined during the 2024-25 school year, according to data released July 31 by the Centers for Disease Control and Prevention.…