National Headlines

Haven, joint venture, the Amazon-backed health care company, will shut down next month

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years (CNBC)

By Ben Fox Rubin/CNET

Source: Haven Healthcare Web Site

Haven (January 4, 2021) — a company formed to handle health care for the hundreds of thousands of US workers at retail giant Amazon, conglomerate Berkshire Hathaway and banking titan JPMorgan Chase — will shut down at the end of February.

  • (CNBC, January 4, 2021) One key issue facing Haven was that each of the three founding companies executed their own projects separately with their own employees, obviating the need for the joint venture to begin with, according to the people, who declined to be identified speaking about the matter.

“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,” reads a message posted to the Haven website on Monday.

The decision, which was earlier reported by CNBC, brings an end to the health care venture that was launched in 2018. Its aim was to reduce costs and provide simplified health care to workers with the help of technology, and be “free from profit-making incentives and constraints,” the trio of companies said when they announced Haven. The company hasn’t been Amazon’s only bet in the world of health care. In November, the retail giant launched Amazon Pharmacy, its own online pharmacy for Prime Members.

SOURCE: https://www.cnet.com/news/haven-the-amazon-backed-health-care-company-will-shut-down-next-month/

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