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Amazon, Berkshire Hathaway, and JPMorgan's joint venture to address issues in the health care system is shutting down operations next month.
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The not-for-profit, health care-focused entity called Haven was created three years ago so the three major companies could combine resources to create better health care solutions for their U.S. employees and families while reducing the overall costs.
|JPM||JP MORGAN CHASE & CO.||125.88||-1.09||-0.86%|
|BRK.A||BERKSHIRE HATHAWAY INC.||343,165.00||-4,650.00||-1.34%|
HAVEN CEO STEPS DOWN, NEW CORONAVIRUS FOCUS FOR THE EXEC
The company announced on Monday that it will "end its independent operations at the end of February 2021."
In 2018, its creators acknowledged that the health care system is complex and that this was no easy task. However, Amazon CEO Jeff Bezos had said "hard as it might be, reducing health care’s burden on the economy while improving outcomes for employees and their families would be worth the effort."
JPMorgan Chase CEO Jamie Dimon said the companies have "extraordinary resources" to help create solutions to benefit "U.S. employees, their families and, potentially, all Americans."