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Amazon, Berkshire Hathaway, JP Morgan Aim to Untangle Employee Healthcare Knot

Three corporate giants on Tuesday announced they were banding together to provide healthcare for their 1.1 million employees. The companies -- Amazon, Berkshire Hathaway and JP Morgan Chase -- plan to form a company "free from profit-making incentives and constraints" in order to improve employee satisfaction with their healthcare coverage as well as reduce costs. The company initially will focus on technology solutions that provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.

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