How Amazon, JPMorgan Chase, Berkshire Hathaway Could Reshape Health Care Industry

Amazon founder Jeff Bezos transformed retail. He got into media buying The Washington Post and took on supermarkets with the purchase of Whole Foods. Now, this disruptor is taking on health care. His partners on the project have their own histories of redrawing maps. Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase are working with Jeff Bezos to create a new company to focus on improving health care and making it cheaper for their U.S. employees.
So basically, Amazon, Berkshire and JPMorgan have announced a health care initiative where the first focus is going to bring technology solutions that will, quote, "provide their U.S. employees and their families with simplified, high-quality and transparent health care at a reasonable cost." We assume that that means that they will develop applications to help in the healthcare delivery process. Many insurance companies and healthcare information technology companies already do this. It's our view that the market opportunity is large. And the road ahead for this combined entity, you know, will - it will take a very long time for them to develop this market.