Based on the average employer spend per employee, these three companies are looking to pay a combined $14 billion dollars annually on health care costs. (Photo: Shutterstock)

Unless you’ve been under a rock the past few days, you’ve heard that Amazon, Berkshire Hathaway, and JPMorgan Chase announced a collaboration to do something about health care for their employees. While the announcement highlighted goals of transparency, tech innovation and forsaken profits – it didn’t include details of how these goals would be achieved. So, what are we supposed to think?

I’ve read at least 10 articles on the topic and it’s BIG in all ways! (ICYMI: Amazon is the biggest retailer, JP Morgan is the biggest bank and Berkshire Hathaway has substantial minority stock holdings in some of the biggest and best-known publicly traded companies in the United States. The health-care industry is 18 percent of the GDP and within two hours of the announcement, speculation caused key health care companies to drop $30 billion dollars in market value.)

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.