IDK why this isn't front page news:
Amazon, Berkshire Hathaway And JPMorgan Chase Launch New Health Care Company
Quote:
Health care costs are "a hungry tapeworm on the American economy," Berkshire Hathaway Chairman and CEO Warren Buffett says, and now his firm is teaming up with Amazon and JPMorgan Chase to create a new company with the goal of providing high-quality health care for their U.S. employees at a lower cost.
The new company will be "free from profit-making incentives and constraints" as it tries to find ways to cut costs and boost satisfaction with the health care plan for employees of Amazon, Berkshire Hathaway and JPMorgan Chase. The trio unveiled their new venture in a news release.
"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 healthcare at a reasonable cost," the companies said.
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So lets see if they can pull it off. It just might be enough for them to save capitalism from itself.
Edit: I'm guessing this whole idea is far more socialist then they are letting on. They are obviously going to get he government to pay for some of this somehow.