Buffett, Bezos and Dimon have decided to transform the U.S. health care system.
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Amazon grew from a book retailer into one of the world's most valuable companies in part because it's extremely skilled in distributing products.Investors in health care have long thought Amazon was going to get into that field and force companies that make and distribute medications or medical devices to lower their prices.He's respected for his 70 years of successful investing, beloved by many for giving billions to charity – he has said he plans to give away at least half his fortune – and appreciated for a common touch that includes a prodigious Coca-Cola habit and a love of junk food, along with his personal frugality. But most significant in this context is that his company, Berkshire Hathaway, owns a number of insurers including GEICO. Whatever the new company's scope, health care investors were concerned: Health insurer Cigna Tuesday fell 7.2 percent, biotech drugmaker AbbVie 5.3 percent and drugstore chain-pharmacy benefits manager CVS Health 4.1 percent.
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