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3 US firms to create company providing employees with healthcare

Published

7 years ago

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New York, Jan 31 (IANS) Three giant firms in the US — Amazon, Berkshire Hathaway and JPMorgan Chase — announced on Tuesday their intention to create a company that will provide healthcare for their US employees.

A joint statement by the three companies from their respective main offices said the “independent company” will provide high-quality healthcare at a reasonable cost, Efe reported.

“The healthcare system is complex, and we enter into this challenge open-eyed about the degree of difficulty,” said the founder and CEO of Amazon, Jeff Bezos, in a joint statement.

The company will bring together the worldwide giant of electronic marketing, Amazon, the number one banking group in the US, JPMorgan Chase, and the multinational financial consortium, Berkshire Hathaway, directed by billionaire Warren Buffett.

“The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” Buffett said.

“Our people want transparency, knowledge and control when it comes to managing their healthcare,” added the chairman and CEO of JPMorgan Chase, Jamie Dimon.

They gave little in the way of details about this joint effort, but did confirm that the company will be a non-profit organization and that a first stage will be focused on technological solutions for offering healthcare to their US employees.

To start, each company has appointed one of its directors to the new healthcare company: Todd Combs from Berkshire Hathaway, Marvelle Sullivan from JPMorgan and Beth Galetti from Amazon. To be announced later will be specifics about the company headquarters and operational details.

–IANS
qd/

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Corona

Covid toll in Karnataka is a worrying sign for state government

Published

3 years ago

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May 4, 2022

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Even though Karnataka recorded the lowest number of Covid deaths in April since the virus struck first in 2020, the state is recording a rise in the positivity rate (1.50 per cent). Five people died from the Covid infections in April as per the statistics released by the state health department. In March, the positivity rate stood around 0.53 per cent. In the first week of April it came down to 0.38 per cent, second week registered 0.56 per cent, third week it rose to 0.79 per cent and by end of April the Covid positivity rate touched 1.19 per cent.

on an average 500 persons used to succumb everyday in the peak of Covid infection, as per the data. Health experts said that the mutated Coronavirus is losing its fierce characteristics as vaccination, better treatment facilities and awareness among the people have contributed to the lesser number of Covid deaths.

During the 4th and 6th of April two deaths were reported in Bengaluru, one in Gadag district on April 8, two deaths were reported from Belagavi and Vijayapura on April 30. The first Covid case was reported in the state in March 2020 and three Covid deaths were recorded in the month. In the following month 21 people became victims to the deadly virus, and May 2020 recorded 22 deaths. The death toll recorded everyday after May crossed three digits. However, the third wave, which started in January 2

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