JPMorgan CEO Sees Long Timeline, Big Goals for Health Venture
- Effort with Berkshire, Amazon to ‘start very small,’ CEO says
- Dimon says high deductibles ‘barely worked’ as he eyes changes
Dimon Says JPMorgan Can Grow 'Almost Everywhere'
This article is for subscribers only.
A three-way partnership between Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. has been the talk of the health-care industry, though the companies themselves have said precious little about it.
That changed Thursday morning, when JPMorgan CEO Jamie Dimon laid out some of his ambitions for the venture in his annual letter to the bank’s shareholders, months after its January launch. Notably, Dimon said that the companies would be updating investors on their progress in “coming years,” suggesting a long timeline for the closely watched endeavor.