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Amazon wants to revolutionize healthcare with its new venture


Amazon is teaming up with Berkshire Hathaway and JPMorgan Chase to form a new healthcare company (PDF) that will aim to service the US and be “free from profit-making incentives and constraints.” Berkshire Hathaway chairman and CEO, Warren Buffett described the company-in-the-making’s mission as follows: 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…

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