KevinMD February 17, 2018
The recent announcement that Berkshire Hathaway, Amazon, and JPMorgan have joined forces to pare down health care costs has sent ripple effects across the health care space. The announcement sent stocks tumbling due to the uncertainty of what influence these companies will have on a deeply complex, unruly and wasteful health care system.
Said Berkshire Hathaway chair and CEO Warren Buffett: “The ballooning costs of health care act as a hungry tapeworm on the American economy, our group does not come to this problem with answers. But we also do not accept it as inevitable.”
Mr. Buffet is correct on all counts of course. But where these three companies are willing to go to fix this massive problem is really...
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