Corporate heavyweights tackle healthcare in the USA

Three of the most respected corporations in America announced plans this week  to start a new company to tackle rising healthcare costs.

The three companies – Amazon, Berkshire Hathaway and JP Morgan Chase – are dominant in their respect business sectors and their chief executives – Jeff Bezos, Warren Buffett and Jamie Dimon, respectively - are true corporate rock stars, says Jim Miller, president of PharmSource, a GlobalData company. Their track records of achievement and penchant for disrupting their industries have led commentators and investors to wager that the new venture will bring major changes to the US healthcare industry.

The announcement by the three companies was vague on details, and the founders admitted that they are coming to the venture with no preconceived notions beyond the belief that something has to be done to bring health care costs under control in the USA. Indeed, in his statement Mr Bezos stated that “a beginner’s mind” was needed to bring a fresh approach to the problem.