DealBook Briefing: Ken Chenault Wants Silicon Valley to Grow Up<br />Health care stocks fell on news that Amazon, Berkshire Hathaway<br />and JPMorgan are partnering to form a venture to lower the health care costs of their employees.<br />Mr. Buffett’s Berkshire Hathaway announced it is teaming up with JPMorgan Chase<br />and Amazon to form an independent health care company to serve their employees in the United States.<br />They said the initiative, which is in the early planning stages, would be a long-term effort “free from profit-making incentives and constraints.”<br />Mr. Buffett’s concern about rising health care costs is not new, nor is his use of “tapeworm” to describe them.<br />With Andrew Ross Sorkin<br />Here’s what we’re watching:<br />• Amazon, Berkshire Hathaway and JPMorgan Chase are teaming up to form a health care company.<br />And, beyond that – if they do develop a new approach, will it be helpful to the masses<br />of employees at lesser companies, or, worse, the unemployed and uninsured?”<br />3) Do these companies bring valuable expertise to providing health care at a lower cost?
