Should-Read: Jason Del Rey: Amazon is creating a health care company with the help of Warren Buffett and JPMorgan Chase: "Amazon... plans to work with Warren Buffett’s Berkshire Hathaway and JPMorgan Chase to create a new health care company...
...with the aim of “reducing healthcare’s burden on the economy while improving outcomes for employees and their families.... [The] initial focus... 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.” The announcement proclaimed that the company would be “free from profit-making incentives and constraints,” but an Amazon spokesperson declined to comment on whether the entity would be a nonprofit.... Even without many details, the news had an immediate impact on sector leaders; UnitedHealth’s stock was down 7 percent in pre-market trading, while Anthem and Cigna each fell 5 percent...
