UnitedHealth Group Inc.

Amazon, Buffett, JPMorgan Jump Into Health Care Business, With Aim to Disrupt

Amazon, Buffett, JPMorgan Jump Into Health Care Business, With Aim to Disrupt

Three powerful U.S. companies — Amazon Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. — announced Tuesday a joint venture for better, cheaper health care — a move that could further shake up traditional health care just two months after CVS Health Corp said it would acquire Hartford-based Aetna Inc.

The three partners provided few details of the independent company that would serve the nearly 1 million U.S. employees at their combined companies. But they said the partnership would provide workers with “simplified, high-quality and transparent health care at a reasonable cost” through a company “that is free from profit-making incentives and constraints.”

The...

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