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Amazon, Berkshire Hathaway, and JPMorgan Chase & Co Have Teamed Up to Tackle Health Care

Big companies are teaming up together to tackle the issue of health care head on

Many people have been waiting for Amazon and other corporate giants to announced that they will be tackling the issue of health care; the time has come.

Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. have just announces that they are teaming up to address the issue of healthcare for their U.S. employees.  Their goal is to improve employee satisfaction and reduce costs of health insurance. The three mega companies plan to use 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,” the companies said.

JPMorgan’s Dimon said, “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.”

If you do not already know who these companies are, here is a roundup of who they are and what they do:

Amazon is the largest Internet retailer in the world. The website started as an online bookstore and later diversified to sell video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics—Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world’s largest provider of cloud infrastructure services.

Berkshire Hathaway is a holding company for a multitude of businesses, run by its famous Chairman and CEO, Warren Buffett.  The company wholly owns GEICO, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying.

JPMorgan Chase (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.

Cosmo Insurance Agency is always up to date on the current health care trends and news.  We are a team of brokers who are knowledgeable on health insurance, life insurance, long term care, and disability insurance.  Contact us for questions regarding plans, quotes, and other insurance matters. 732-363-3888.