Will the Berkshire healthcare business struggle from the beginning? Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) shocked the market this morning when it announced that the company had teamed up with Amazon.com, Inc. (NASDAQ:AMZN) and JPMorgan Chase & Co. (NYSE:JPM) to tackle rising healthcare costs in the United States.
At this point, details on the deal are limited but what we do know is that three of the largest companies in the US are now working together to try and disrupt what has historically been a highly profitable sector. The collaboration should also help these businesses drive down their costs over the long-term and improve employee satisfaction.
[klarman]
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