Bloomberg February 22, 2018
Every year, health care consumes a larger share of the U.S. economy. Decades of grand efforts to control costs mostly haven’t worked: Health care now accounts for about 18 percent of gross domestic product. Warren Buffett has compared the system to a hungry tapeworm eating away at its corporate and taxpayer hosts. Now he’s trying to do something about it by forming a health-care alliance with Jeff Bezos’s Amazon.com Inc. and Jamie Dimon’s JPMorgan Chase & Co. Can the Buffett-Bezos-Dimon effort succeed where others failed?
1. What will the three-way venture do?
It will initially focus on new technology to simplify and reduce costs for the three companies’ 1 million-plus employees. So far, though, it has no name, no definition...
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