On Tuesday, Amazon, Berkshire Hathaway and JP Morgan Chase announced that they will be “partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs.” Currently, it’s unclear how they plan to tackle this important challenge.
What is clear is the announcement had an impact on health stocks. Also, it has already generated numerous pieces on the topic, some of which include:
As you might expect, no one – outside of Amazon, Berkshire Hathaway & JP Morgan Chase – have a clear idea what they’re planning. And, if we’re honest, I’m not sure the key stakeholders know, either.
But, changes need to occur to drive down health care costs, and maybe a trio of 800-pound gorillas from other industries are what’s needed to jumpstart the process. Time will tell if they’re successful for their own organizations and whether what they learn can be disseminated to others.