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Amazon, JPMorgan and Berkshire Hathaway team up to lower healthcare costs for their workers — and maybe everyone

Amazon, JPMorgan and Berkshire Hathaway team up to lower healthcare costs for their workers — and maybe everyone

Three of the nation’s most formidable companies -- Amazon.com, Berkshire Hathaway Inc. and JPMorgan Chase & Co. -- sent shock waves through the healthcare industry Tuesday by announcing a joint plan to reduce healthcare costs for their U.S. employees.

Although the companies said their focus mainly would be on providing improved healthcare for their own U.S. workers, which total nearly 1 million, the move immediately triggered speculation that any solutions they develop could spread throughout the industry.

That sent healthcare, drug and health-insurance stocks tumbling even though the three companies provided few initial details about their venture, with investors guessing...

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