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Healthcare experts are skeptical about Amazon, JPMorgan, and Berkshire Hathaway's new venture

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Ralph Miller
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Healthcare professionals surveyed by venture capital firm Venrock are skeptical about the new healthcare venture JPMorgan, Amazon, and Berkshire Hathaway have formed.

Of the 300 people surveyed, 73% expected it to take longer than expected, with 25% saying the companies "have no idea what they're getting into."

There have been relatively few details about the venture and what it looks like, but the news alone sent healthcare stocks plummeting in January after it was announced.

Healthcare experts have their doubts about the new venture JPMorgan, Amazon, and Berkshire Hathaway are forming.

The venture, announced in January, is aimed at lowering healthcare costs for the companies' employees, though there haven't been many details about what that looks like.

At the time, news of the partnership sent healthcare stocks plummeting, especially health insurers and members of the pharmaceutical supply chain who might be impacted by the three business giants getting into their lines of work.

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Ralph Miller
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