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Posted by: thepinetree on 01/30/2018 08:03 AM Updated by: thepinetree on 01/30/2018 08:03 AM
Expires: 01/01/2023 12:00 AM
:

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. to Partner on U.S. Employee Healthcare

Seattle, Omaha & New York...Amazon (NASDAQ: AMZN), Berkshire Hathaway (NYSE: BRK.A, BRK.B) and JPMorgan Chase & Co. (NYSE: JPM) announced today that they are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.





Tackling the enormous challenges of healthcare and harnessing its full benefits are among the greatest issues facing society today. By bringing together three of the world’s leading organizations into this new and innovative construct, the group hopes to draw on its combined capabilities and resources to take a fresh approach to these critical matters.

“The ballooning costs of healthcare 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. Rather, we share the belief that putting our collective resources behind the country’s best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes,” said Berkshire Hathaway Chairman and CEO, Warren Buffett.

“The healthcare system is complex, and we enter into this challenge open-eyed about the degree of difficulty,” said Jeff Bezos, Amazon founder and CEO. “Hard as it might be, reducing healthcare’s burden on the economy while improving outcomes for employees and their families would be worth the effort. Success is going to require talented experts, a beginner’s mind, and a long-term orientation.”

“Our people want transparency, knowledge and control when it comes to managing their healthcare,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co.. “The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans,” he added.
The effort announced today is in its early planning stages, with the initial formation of the company jointly spearheaded by Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a Managing Director of JPMorgan Chase & Co.; and Beth Galetti, a Senior Vice President at Amazon. The longer-term management team, headquarters location and key operational details will be communicated in due course.

About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews. Amazon.com, Inc. Media Hotline
Amazon-pr@amazon.com www.amazon.com/pr

About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2018-01-30 09:11:57   By: Anonymous
 
Most of the working class knew Obama Care didn't work for us, to the unemployed who wanted to work it did. To the unemployed who did not want to work, and knew how to live off the government and leech off the hard working tax payers they laughed all the way to their lazy boy. You democrats sure know how to phuck it up for everyone else. We can only hope that the democrats in congress will stop their childish temper tantrums and try for once to help America become great again. We finally have a President with a backbone, now we just need to slap the *bleep* out of you 😢...whining..spineless...babies .

[Reply ]

    Re:
    Posted on: 2018-01-30 09:33:46   By: Anonymous
     
    In the picture, snapped in the darkness of a Wilton vineyard, Jack Kautz crouches behind a dead buck, smiling broadly as he holds up the animal’s head by its freakishly large set of antlers.

    It was a buck for the record books – with sprawling antlers about an arm’s width apart. If Kautz, 52, had been able to claim it as an official trophy, he could have added it to his long list of accomplishments detailed on the website of his family’s Lodi grape growing business, Ironstone Vineyards.

    [Reply ]

    Re: HAHAHAHAHAHA!
    Posted on: 2018-01-30 11:12:57   By: Anonymous
     
    HAHAHAHAHAHAHAHAHA!!! LYING, CHEATING, CROOKED HILLARY!!! HAHAHAHAHAHAHAHAHA!!!


    [Reply ]


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