Amazon Ends Joint Health Care Venture With Berkshire Hathaway, JP Morgan

Amazon, Berkshire Hathaway, and JPMorgan Chase & Co, announced plans to dissolve their joint health care venture, Haven, a firm launched in January 2018, focused on finding solutions to a range of problematic health care trends.

The news first broke to CNBC in which individuals disclosed that the three companies began informing employees that Haven’s independent operations will cease at the end of February 2021.

“In the past three years, Haven explored a wide range of health care solutions, as well as piloted new ways to make primary care easier to access, insurance benefits simpler to understand and easier to use, and prescription drugs more affordable,” reads the Haven website.

One of the cited reasons for Haven’s dissolution by other sources was that little progress was made since the firm’s inception due to each of the companies executing individual projects separately, rather than utilizing formal collaboration.

Another factor that could have contributed was significant leadership turnover. Many executives came and went, the lasted being Dr Atul Gawande’s choice to step down as CEO last May.

“Moving forward, Amazon, Berkshire Hathaway, and JPMorgan Chase & Co will leverage these insights and continue to collaborate informally to design programs tailored to address the specific needs of their own employee populations,” states the Haven website, which has since removed all other information apart from the latest announcement. —Edan Stanley