JP Morgan CEO Jamie Dimon says a health care partnership with JP Morgan, Amazon and Berkshire Hathaway has produced some tensions among industry titans, Fierce Healthcare reports.
Dimon during Bernstein Research’s Strategic Decisions Conference said the plan announced this year to trim health costs for some 1.5 million employees has not received the broad support he may have anticipated.
“I expect a lot of these people we already do business with to call us up and say, ‘What can we do to help?'” Dimon reportedly said during the conference. “Quite a bit of them were pissed off. Which kind of pissed me off. They’re going to tell me I can’t do a better job for my employees? Isn’t that what they’re supposed to help me do, anyways?”
The mounting frustrations in the industry are the latest example of blowback from the trio’s efforts, whose strategy, according to Fierce Healthcare, remains unclear.
After having sent a letter to shareholders in April, Dimon was on the receiving end of criticism and mockery on social media.