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Categories: Amazon

@Amazon, @Berkshire Hathaway and @JPMorgan Chase & Co. have formed a healthcare joint venture that aims to cut costs, boost transparency and provide an overall better experience for their employees. The only certainty is that this joint venture is likely to benefit Amazon Web Services. Details about this venture are scant. As noted in the press release from the companies, specifics about the healthcare joint venture’s management, headquarters and operations will “be communicated in due course.” It’s also worth noting that the new venture will operate as a non-profit and focus on “technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.” Amazon CEO Jeff Bezos noted that success “is going to require talented experts, a beginner’s mind, and a long-term orientation.”

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