New Amazon-led health care company names surgeon Atul Gawande as CEO

Dr. Atul Gawande

Aram Boghosian for The Boston Globe Dr. Atul Gawande

It will be an "independent entity that is free from profit-making incentives and constraints", the group said in the statement.

Publicly, though, the three have lamented a system where rampant price increases have left the nation with an increasingly heavy financial burden, and it's a discussion which biopharma companies have a direct interest in.

However, it is unclear so far what exactly the new company will do.

Cavs, Suns in mix for Spurs' Leonard
Jabari Young of San Antonio Express-News reported he is expected to receive an offer for a five-year, $219 million extension. The Lakers do have young players to offer, though the Spurs may not be interested in a package that includes Lonzo Ball .

Jeff Bezos, Warren Buffett, and Jamie Dimon have tapped the surgeon and author for its mission to cut health costs. In a note sent to friends and colleagues, Gawande said that he is not giving up his positions at Harvard or the Brigham and that he will keep writing, including for the New Yorker.

"We said at the outset that the degree of difficulty is high and success is going to require an expert's knowledge, a beginner's mind, and a long-term orientation", said Amazon CEO Jeff Bezos. And the leaders of the three companies see a lot they want to fix, even though they have said little yet about how that will be done. He practices general and endocrine surgery at Boston's Brigham and Women's Hospital and is professor at the Harvard T.H. Chan School of Public Health and Harvard Medical School. "Atul embodies all three, and we're starting strong as we move forward in this challenging and worthwhile endeavor". Candidates later were asked to deliver a white paper on how they would create a model for the way employers buy health benefits, what team the CEO would need to execute that strategy and how the new enterprise would use data analytics, the people said.

Employer-sponsored insurance covers about 157 million people, according to the Kaiser Family Foundation. "The system is broken, and better is possible".

River of Lava on the Big Island of Hawaii
The lava fountains from fissure eight reach heights of up to 200 feet and flows keep running from the volcano to the ocean. The massive flow of lava traveling through established channels all the way to the ocean, some 8 miles away.

One of the big influences the prominent USA corporate giants could have in the health care market is pricing leverage. This work will take time but must be done. He said it will look for ways to help employees make better choices for their care and give them the best options available.

Neither the companies that offer health coverage nor numerous employees that use it are happy with how the system now works.

The Amazon-Berkshire-JPMorgan venture could put pressure on those middlemen.

Trump signs executive order terminating immigrant family separation policy
The Republicans want security and insist on security for our country and we will have that. Nielsen said on Monday, "Congress alone can fix it".

"The ABC coalition is looking not at the drug value chain in isolation, but more broadly at the overall health-care system across payors and providers of care delivery", Gupte said.

Latest News