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Posted by on Jan 31, 2018 in trending news | 0 comments

Amazon, JPMorgan and Berkshire Hathaway set up a healthcare company together

Amazon, JPMorgan and Berkshire Hathaway set up a healthcare company together

Amazon , Berkshire Hathaway and JPMorgan Chase have decided to set up their own systems for their employees instead of serving their private healthcare companies. The three companies taking action to collaborate on this issue will provide social assistance and care to their employees and their families solely through the independent employee healthcare company they will establish.

The goal of the company to be established is to provide health and care services that cover only the employees of these three companies. Therefore, it is not in question whether the company will serve other people or face incentive measures or restrictions like a profit-making company.

 

Amazon Press release announcing new policy of their services

This development, which is a long-term plan of the company, is aimed at removing the illness that arises when health care is taken from third party companies. Because third-party companies usually pay their own profits and income statements when they serve.

Jeff Bezos, the founder of Amazon, explains what he did with this new investment; Although there are three partners; Although the health system has been open-minded about the difficulty ratings of entering as a service provider, while reducing the health burden on the economy, the goal of improving the results for employees and their families is worth the effort.

Berkshire Hathaway’s CEO Warren Buffet said, “Artificially raising health costs is to act like a hungry gut on the American economy.” JPMorgan Chase’s president, Jamie Dimon, said that the ultimate goal is to create solutions that will benefit US employees, their families, and potentially all US citizens.

This theoretical company, which is still in its early stages, can take time to pass. In the press announcement, it is stated that a management team with managers from each organization will be formed first. Then the management team is expected to form a more aggressive management structure and to be active in the center camp in the near future.

The company, which will focus on how technology can reduce costs in the first place, wants to give quality service to its employees. But if we take into account Jamie Dimon’s statement, it is likely that the company will move to serve the entire US within a few years.

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