“It would be very easy I think to go in and shave off 3 or 4 percent just by negotiating power,” Buffett said Monday in an interview on CNBC. “We’re looking for something much bigger than that.”
Buffett’s Berkshire Hathaway Inc., along with Amazon.com Inc. and JPMorgan Chase & Co., said in late January that they planned to start a joint health venture to improve care for their workers. While the companies didn’t give much detail at the time, the announcement prompted broad speculation and unease among investors, sending shares lower for health-system players including insurers and pharmacy-benefit managers.
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