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The new business unit will focus on improving the quality, efficiency, and equity of employer-sponsored health care, the company says, and plans call for Morgan Health to work with provider groups, health plans, employers, and other organizations. JPMorgan Chase employs 165,000 people in the United States and provides health insurance coverage to 285,000 employees and dependents.

The organization will initially deploy up to $250 million by investing in promising health care solutions and overall system improvements for the benefit of JPMorgan Chase employees and the broader employer-sponsored health care system.

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