Amazon, Berkshire Hathaway & J.P. Morgan Chase To Form Independent Health Care Company

On January 30, 2018 Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced a joint venture to form an independent health care company to provide services for their United States employees. The initial focus of the new company will be on technology solutions that will provide the U.S. employees and their families with “simplified, high-quality, and transparent health care at a reasonable cost.”

The initial formation of the new company is led by Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director of JPMorgan Chase; and Beth Galetti, a senior vice president at . . .