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Warren Buffett says new health care venture won't be easy

Warren Buffett speaks at a White House event.
Warren Buffett acknowledged his health care partnership will face steep hurdles. Photo: Alex Wong / Getty Images

Warren Buffett told CNBC this morning that the new health care venture between his firm, Amazon and JPMorgan Chase hopes to hire a CEO to run the partnership by the end of this year. He also said there's still a chance they may not even form a company, and if they do, it'll take a lot of work to lower health care costs through the "complicated" system: "It's not going to be easy."

Go deeper: The thick fog around this health care venture.