Berkshire Hathaway, JPMorgan, and Get a Name for Their Joint Healthcare Company

11:52 03/09/2019

It was last January that the world took a sigh of relief learning that some of the biggest companies in the world decided to work together to bring more affordable healthcare.

Amazon AMZN , JPMorgan JPM , and Berkshire Hathaway [NYSE:BRK.A] formed a new venture together to help many people.

The three companies revealed the name of their joint healthcare company this week and it's called Haven.

Haven will be focusing on better primary care access, simpler insurance benefits, as well as more affordable prescription drugs for their employees.
The three companies have 1.2 million employees and Haven will work to improve the healthcare of these employees as well as their families in the U.S.

According to the company's website which recently launched, Haven will share its findings with outsiders too.

According to Atul Gawande, who is Haven's CEO since last June, the company plans to start small and expand.

The company is 'interested in working with clinicians and insurance companies to improve the overall health care system,' according to the website.

“We want to change the way people experience health care so that it is simpler, better, and lower cost,” Gawande stated. “We’ll start small, learn from the experience of patients, and continue to expand to meet their needs.”

Gawande has said the following:

As a surgeon, I’ve devoted my career to caring for my patients and working to make the health care system better. I believe all people deserve quality health care that is both affordable and accessible.

Haven was formed by the leaders of Amazon, Berkshire Hathaway, and JPMorgan Chase because they have been frustrated by the quality, service, and high costs that their employees and families have experienced in the U.S. health system. They believe that we can do better, and in taking this step to form this new organization, they have committed to being a part of the solution.

We know that this work will take time, and we’ll need the help of others, but we will tackle problems step-by-step and make sure that patients remain our top priority. These are our guiding principles:

We will be an advocate for the patient and an ally to anyone — clinicians, industry leaders, innovators, policymakers, and others — who makes patient care and costs better.

We will create new solutions and work to change systems, technologies, contracts, policy, and whatever else is in the way of better health care.

We will be relentless. We will insure our work has high impact and is sustainable. And we are committed to doing this work for the long-term.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
Most Read