details of the new company were sketchy , with principals of amazon , berkshire and j.p. morgan noting that the way it will work remains to be seen .
the new company 's goal at first will be to target technology solutions to simplify the health - care sector .
amazon 's early moves in health care costs and improve services for their u.s. employees .
the ballooning costs of healthcare act as a hungry tapeworm on the american economy , ” berkshire ceo warren buffett said in prepared remarks .
it speaks to the desire amazon.com inc. , berkshire hathaway and jpmorgan chase & co. are forming a company to figure out how to reduce health - care costs for their hundreds of thousands of u.s. employees , the three companies said tuesday .
our group does not come to this problem with answers .
the giant companies , which together employ more than 1.1 million workers , will launch an independent operation that 's intended to be free from profit - making incentives .
“ our group does not come to this problem with answers .
buffett ’s berkshire hathaway , amazon and the new york bank jpmorgan chase ... ( associated press ) this combination of photos from left shows warren buffett on sept. 19 , 2017 , in new york , jeff bezos , ceo of amazon.com , on sept. 24 , 2013 , in seattle and jp morgan chase chairman and ceo jamie dimon on july 12 , 2013 , in new york .