Cleveland Clinic executive advisor Dr. Toby Cosgrove on Friday told FOX Business that Amazon, JPMorgan and Berkshire Hathaway have found a candidate to run their healthcare venture.
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“They have, I think identified the individual they’re looking for and probably just about to sign him,” he told FOX Business’ Liz Claman on “Countdown to the Closing Bell.”
Warren Buffett, Jamie Dimon, Jeff Bezos are trying to revolutionize the healthcare industry by launching an independent operation, without the help of pharmacy chains and healthcare insurers. The three corporate giants are looking to cut their healthcare costs and to provide a low cost, direct service to their employees.
“They may not be in it for profit, but they’re certainly in it for savings and that translates into profits and they have a lot of employees and they’re interested in saving on the healthcare of those employees,” Dr. Cosgrove said.
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