So the CEOs of Amazon, Berkshire Hathaway, and JPMorgan Chase walked into the largest and least efficient healthcare market in the world with a plan to disrupt it—and failed to do so.
Haven, the nonprofit joint venture of the three companies, will end all operations this coming February, after three short years of operation. This development isn’t entirely unexpected, given that most of Haven’s top talent, including its CEO—doctor and high-profile healthcare researcher Atul Gawande, who led the initiative from its inception—had stepped down in the last several months.
Haven’s goal was ambitious: to lower healthcare costs, first for the three companies’ hundreds of thousands of employees, and potentially for all Americans. “We’re able to focus on creating value for families, not shareholders, since we are free from profit-making incentives and constraints,” read the organization’s statement on its now-defunct website.
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