NPR

Amazon, Berkshire Hathaway And JPMorgan Chase Launch New Health Care Company

The new company will be "free from profit-making incentives and constraints" as it tries to find ways to cut costs and improve health care plan satisfaction for employees.
An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Wash. Amazon, Berkshire Hathaway and JPMorgan Chase are teaming up to create a new company with the goal of providing high quality healthcare at a lower cost. Source: David Ryder

Updated at 11:17 a.m. ET

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.

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