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AET - Berkshire-Amazon-JPMorgan healthcare venture more than just pricing power - Buffett
Aetna Inc.
In an interview with CNBC, Warren Buffett said the healthcare joint venture between Berkshire, Amazon and JPMorgan is "far more ambitious" than just leveraging negotiating strength to shave 3 - 4% off costs. Its goal is to deliver better care for less money, an objective that he cautions will "take time," adding that one objective is to stop the increase in share of the U.S. economy occupied by healthcare spending.
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