Jeff Bezos, Warren Buffett and Jamie Dimon.
CNBC
Haven, the joint venture of three of America’s most powerful companies to reduce costs and improve healthcare outcomes, is disbanding after three years, CNBC reported exclusively.
The company began informing employees Monday that it would close at the end of next month, according to people with direct knowledge of the matter.
Many of the Boston-based firm’s 57 employees are expected to position themselves on Amazon, Berkshire Hathaway or JPMorgan Chase as companies move forward individually in their efforts, and the three companies are expected to collaborate informally. in health projects, according to people. .
The announcement three years ago that CEOs of Amazon, Berkshire Hathaway and JPMorgan Chase had teamed up to address one of the biggest challenges facing the U.S. corporation, the high and rising health costs of employees, caused shock waves throughout the medical world. Shares of healthcare companies fell on fears about how the combined power of technology and finance leaders could eliminate system costs.
The move to the Haven shutter may be a sign of how difficult it is to improve American health care, a complicated and consolidated system of doctors, insurers, drug manufacturers and men on average that costs the country $ 3.5 trillion each. year. Last year, Berkshire CEO Warren Buffett seemed to point this out, saying there was no guarantee that Haven would be able to improve health care.
One of the key issues Haven faced was that while the company had ideas, each of the three founding companies ran their own projects separately with their own employees, ignoring the need for the joint venture to begin, according to people. , who refused to identify himself by talking about the matter.
Haven spokeswoman Brooke Thurston confirmed the company’s plans to close and stated:
“The Haven team has made good progress exploring a wide range of healthcare solutions, as well as piloting new ways to facilitate access to primary care, insurance benefits that are easier to understand and use, and the most affordable prescription drugs, “Thurston said in an email.
“Going forward, Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will leverage these ideas and continue to collaborate informally to design programs tailored to the specific needs of our employees’ populations and locations, ”he said.
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