What do the world’s greatest investor, the world’s biggest disrupter, and the world’s most influential banker all have in common?

It does sound like the start of a joke, but this is no joke.

Warren Buffett, Jeff Bezos, and Jamie Dimon have sat on the sidelines watching US healthcare costs spiral out of control. With 840,000 employees between all of the companies they control, they’ve announced overnight that they will join forces to tackle the problem. The company is yet to be formed, as will a name (at some stage), but the trio have committed to putting some of their best minds toward solving the problem.

The long term thinkers want to develop a healthcare product for their staff in the first instance, and no doubt this will roll out as a public offer solution for other employers. They’ve described the costs of the Health Care Act as “a hungry tapeworm” on the US economy, and believe they can attract the best talent, enhance patient satisfaction and outcomes.

Healthcare premium costs for a single worker are around $6,700 p.a in 2017, and family costs are nearly $19,000. These were $2,500 and $6,400 (respectively) in 2000. With costs split between the employer and employee, it’s obvious why the business magnates are keen to do something about it.

The news of the Amazon-Berkshire Hathaway-JP Morgan alliance was enough to spook healthcare stocks overnight, with some pharmaceutical companies dropping from 5-9%. The might of their data, bargaining power, and business knowledge might be enough to disrupt the health care sector.