New story in Business from Time: Amazon, JPMorgan, Berkshire Are Creating a Health Care Company That’s ‘Free From Profit-Making Incentives’

SEATTLE — Amazon, Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase are teaming up to create health care company “free from profit-making incentives and constraints.” Buffett, in a prepared statement Tuesday, called the skyrocketing costs of health care in the U.S. the “hungry tapeworm on the American economy.” The ambitious goal, they …

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