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Buffett-Dimon Health Venture to Go Beyond Just Squeezing the Middlemen

  • Goal of business is better care, lower costs, Buffett says
  • Buffett cautions JV with JPMorgan, Amazon will take time
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Warren Buffett’s health-care venture has far more ambitious plans than simply squeezing middlemen for better prices, the billionaire said.

“It would be very easy I think to go in and shave off 3 or 4 percent just by negotiating power,” Buffett said Monday in an interview on CNBC. “We’re looking for something much bigger than that.”