We may finally have reached a tipping point to begin restoring sanity to our healthcare system:
Amazon, Warren Buffett and JPMorgan Chase are forming a new company to address the health care costs of their employees, sending shares of health care companies down sharply across the entire sector despite the vague nature of the announcement.
On Tuesday Amazon's Jeff Bezos said that he, along with Buffet and JPMorgan, would attempt to make health care better for hundreds of thousands of their employees, and perhaps, eventually, the country.
There were few details and those involved said the project is in the early planning stage.
"The ballooning costs of (health care) act as a hungry tapeworm on the American economy," said Buffett, the head of Berkshire Hathaway, in a prepared statement. "Our group does not come to this problem with answers. But we also do not accept it as inevitable." - Marketplace.org
For decades, the Empire has dominated the American healthcare system. These increasingly-large organizations carve out well-defended positions from which they extract reliable rent from the growing prevalence of chronic disease.