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Protestors in New York last year. Photo: Albin Lohr-Jones/Pacific Press/LightRocket via Getty Images

A new, informal coalition of health care CEOs has been meeting to discuss ways to make the health care system more affordable and sustainable. And that includes coming up with some kind of answer to the venture started by Amazon, Berkshire Hathaway and JPMorgan Chase. 

The big picture: This coalition is a sign that the industry realizes people are upset with the expensive U.S. health care system. But it's still in the brainstorming phase, according to Providence St. Joseph Health's Rod Hochman, one of the CEOs who's involved.

What they're saying: Johnson & Johnson CEO Alex Gorsky organized the group of large company leaders.

  • “J&J is of course interested in having a leading voice in the evolving health care landscape, and is engaging on many fronts to improve access to quality care around the world,” spokesperson Ernie Knewitz said.
  • Hochman said the group is thinking about how to improve health coverage for their own employees — similar to the initial goal of the Amazon-Berkshire-JPMorgan project, which is led by Atul Gawande
  • There’s already been one meeting, and another is coming up, Hochman said.

Reality check: As we wrote in January, few companies have succeeded in bringing substantial changes to the health care system.

  • And in this case, where many participants are part of the health care industry, each has to be willing to give up some of their cut — an idea that doesn’t appear realistic if a company is publicly traded and seeks to maximize profits for shareholders.

Go deeper

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

8 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.