Disrupter – Amazon, Buffett, JPMorgan tackle US health care “tapeworm” – NewsTimes

“The ballooning costs of (health care) act as a hungry tapeworm on the American economy,” Buffett said in a prepared statement. “Our group does not come to this problem with answers. But we also do not accept it as inevitable.”

The new company will be independent and “free from profit-making incentives and constraints.” The businesses said the new venture’s initial focus would be on technology that provides “simplified, high-quality and transparent” care.

Healthcare stocks are down. If there was stock in healthcare.gov and the state exchanges such as the wonderfully efficient ‘/sarc/’ Connect for Health Colorado they would be in free fall.