Amazon, Berkshire, JPM to partner on cheaper healthcare for staff

[January 30, 2018]  (Reuters) - Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co.  are teaming up in a new venture aimed at lowering healthcare costs for their U.S. employees, the companies said on Tuesday.

Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo

The companies will create an independent firm "free from profit-making incentives and constraints" that will initially focus on technology solutions to provide employees and their families with healthcare "at a reasonable cost." http://reut.rs/2DOd8Fn

The plan, currently in early stages, will be jointly spearheaded by Todd Combs, an investment officer of Berkshire Hathaway, Marvelle Sullivan Berchtold, a managing director at JPMorgan Chase, and Beth Galetti, a senior vice president at Amazon.

The longer-term management team, headquarters location and key operational details will be communicated in due course, the companies said.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)

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