Health Care Venture is Long-Term Plan, Says Jamie Dimon

J.P. Morgan Chase’s CEO Jamie Dimon reminded everybody that the old adage of “good things take time” still rings true, especially when discussing his joint partnership with Jeff Bezos and Warren Buffett to improve health care for employees. Dimon told CNBC that the plan to revamp health care will be taken with a long-term view in mind, using his partner Bezos and Amazon as a prime example.

“This is an absolute critical issue and all of us have a long-term view and we’ve been through the amount of money spent on fraud, administration, end-of-life, the misuse of drugs,” Dimon told CNBC. “I’ll remind people that Jeff Bezos, when he started Amazon, he might have had visions about the ‘everything store,’ but he started with books. And he spent 10 years getting books right.”

Related: Jamie Dimon’s Shareholder Letter Offers Insight to Growth