NEW DELHI: The health care joint enterprise of Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co, will cease to exist at the stop of February, it mentioned on Monday.
The move comes 3 years right after the companies came together to form Haven to address the mounting healthcare price in the United States.
The company had reported in May possibly last calendar year that its chief government officer Atul Gawande, a Harvard surgeon and writer, will step down and just take the function of chairman.
The announcement to sort the business shook the shares of overall health insurance corporations these as UnitedHealth Group Inc and Cigna Corp that regulate huge corporate added benefits on concerns that Amazon would disrupt the classic insurance coverage and drug benefit firms.
CNBC, which 1st claimed that Haven will disband, also claimed that quite a few of the Boston-dependent company’s 57 workers are predicted to be positioned at Amazon, Berkshire Hathaway or JPMorgan Chase.