- In an interview with CNBC, Warren Buffett said the healthcare joint venture between Berkshire, Amazon and JPMorgan is "far more ambitious" than just leveraging negotiating strength to shave 3 - 4% off costs. Its goal is to deliver better care for less money, an objective that he cautions will "take time," adding that one objective is to stop the increase in share of the U.S. economy occupied by healthcare spending.
- The venture, currently managed by Berkshire's Todd Combs, JPMorgan's Marvelle Sullivan Berchtold and Amazon's Beth Galetti, expects to have a CEO on board within a year.
- ETFs: GRX, THW, BME, IXJ UNH ANTM AET CNC MOH CVS XLV WBA AMZN JPM BRK.A
Berkshire-Amazon-JPMorgan healthcare venture more than just pricing power - Buffett
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Symbol | Last Price | % Chg |
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UNH | - | - |
UnitedHealth Group Incorporated |