"The ballooning costs of health care act as a hungry tapeworm on the American economy," said Buffett. "We share the belief that putting our collective resources behind the country's best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes."
The company will only be available for employees of businesses held by the three men and their families. There are rumors that the three may expand the business to the larger population depending on the results of its initial launch.
"They're going to be using their own spending and resources as a laboratory. But I think their aspirations are bigger than their employee bases," said Dan Mendelson, CEO of Avalere Health, a healthcare consulting firm.
You can read more about the three and their new company by following the link below.