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Munger thought the article was so useful that he blindly mailed Gawande a $20,000 check, Buffett told CNBC at the time.

The choice Dimon, Bezos, and Buffett have made implies that the health care company will take a broad look at fixing health care.

Sponsors' chief concern is participants running out of money in retirement.

The latest proposal is similar to that championed but ultimately abandoned by Republicans in September.

State insurance regulators, meanwhile, have warned that the plans could open the door to fraud and abuse.

New products for the employee benefits industry, including HR apps, telemedicine, HSA contribution calculator, and more.