The Atlantic

Amazon, Berkshire Hathaway, and JPMorgan Are Going to Fix Health Care—Somehow

The ambition is thrilling. The details are scarce.
Source: Peter Macdiarmid / Getty

Amazon, JPMorgan Chase, and Berkshire Hathaway announced on Tuesday that they intend to form a new company that manages health care for their hundreds of thousands of U.S. employees, the idea being that a unified, not-for-profit entity can reduce workers’ expenses.

The surprising trio of the nation’s largest online retailer, largest bank by assets, and most famous investor (Warren Buffett, the chief executive of Berkshire) riding to the rescue of the beleaguered insurance stocks and health-care experts who have long dreamed of a technological solution to “bend the curve” of inexorably rising medical costs.

You're reading a preview, sign up to read more.

More from The Atlantic

The Atlantic6 min read
The U.S.-India Relationship Is Bigger Than Trump and Modi
Will the strategic bet that America and India have made on each other deliver on its full potential?
The Atlantic4 min read
The Message of Grimes’s Dark Masterpiece
The singer’s new album, Miss Anthropocene, combines angsty music styles with a supposedly environmental purpose—but mostly to indulge the thrill of submission.
The Atlantic6 min read
Meat Trimmings Are a Health Food Now
For most Americans, meat sticks have one face: Macho Man Randy Savage. The pro wrestler fronted the Slim Jim brand for much of the 1990s, flipping tables and crashing through ceilings in television commercials to implore young men to snap into dried