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Amazon just took a surprising turn into the healthcare industry, teaming up with investing hero Warren Buffet and New York-based bank JPMorgan Chase, the Washington Post reports. The project is still in the planning stages, so there isn't yet a lot of info on what form it will take. The idea, however, is to reduce costs while improving patient care with the aid of technology. "The ballooning costs of (health care) act as a hungry tapeworm on the American economy," Berkshire Hathaway founder Warren Buffet said in a statement.

The new health company will be independent of its founding firms and "free from profit-making incentives and constraints," it said. It will be led by executives from all three firms, with much of its focus on employer-granted health benefits, it seems. "Our goal is to create solutions that benefit our US employees, their families and, potentially, all Americans," said JPMorgan Chase CEO Jamie Dimon.