This chart of surging US health-care costs explains why these titans of business are getting involved

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Warren Buffett, Jeff Bezos and Jamie Dimon are launching their new health care initiative because health care costs are soaring for millions of their employees and Americans overall.

The average American spends nearly $4,000 toward health care each year, a number expected to balloon to more than $5,000 in 2023, according to Evercore ISI and the Centers for Medicare and Medicaid.

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