Amazon, JPMorgan and Berkshire Hathaway to build their own healthcare company
https://techcrunch.com/2018/01/30/amazon-jpmorgan-and-berkshire-hathaway-to-build-their-own-healthcare-company/
When you’re big enough and powerful enough, you don’t need to rely on the existing private healthcare providers out there to handle your employee medical needs. That’s what Amazon, Berkshire Hathaway and JPMorgan Chase have determined, and so they’re working together to build their own, fully independent employee healthcare company, which will exclusively offer benefits and care to their own respective employees and their families.
The goal is to build a company which has no motives other than to provide for the care and wellbeing of the workforce of the three companies, and that will be “free from profit-making incentives and constraints,” per the Wall Street Journal. It’s described as a long-term plan, but it hopes ultimately to avoid the kind of frustration that can go along with trying to secure needed care from third-party service providers who are ultimately concerned primarily with managing their bottom line and P&L statements.