Amazon’s Haven healthcare venture is reportedly disbanding – By Nicole Lee (Engadget) / January 4 2021
It was a joint project with Berkshire Hathaway and JPMorgan Chase.
Three years after Amazon started a healthcare venture with Berkshire Hathaway and JPMorgan Chase, the trio have decided to call it quits. CNBC reports that the organization, once called Haven, is disbanding, and the company will likely shut down by the end of February.
The original purpose behind Haven was to find a way to reduce the rising costs of the employer-based healthcare system in the US. The task may have proved a little too arduous for Haven given the highly complex nature of the problem that involves multiple parties such as insurers, drug companies and medical practitioners.
CNBC highlights one particular issue, which was that the three companies worked on their solutions separately, which might have rendered the whole joint venture moot in the first place.
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