What might the Amazon, Berkshire and JPM health care joint venture actually do?

Why did Warren Buffett say the biggest issue facing American businesses as they compete abroad is the cost of healthcare? Why did Charlie Munger recently say: “The current US health care system runs out of control on the cost side and leads to behavior that’s not just regrettable, but evil.” Amazon, Berkshire and JP Morgan (ABJ) recently announced that they are creating of “an independent company free from profit-making incentives and constraints…to address healthcare for their U.S. employees” generated a lot of publicity.

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