Amazon, J.P. Morgan and Berkshire Hathaway are building a team to fix health care for their employees. Here's what we know about the group so far.
What happened when Warren Buffett, Jamie Dimon and Jeff Bezos, technology's biggest power player, got together to try to disrupt health care?In January of 2018, three corporate giants -- Amazon, Berkshire Hathaway and J.P. Morgan -- announced that they wanted to do something about the problem of rising health care costs for their employees and a lack of improvement in care. In response to that news, health care stocks shed billions in value.
Price says Stoddard is particularly interesting because he worked at a digital health company called Accolade that specializes in building these relationships with employees and then directing them to the most affordable care. The group had no official name, so was often referred to by the initials of its partners: ABC or ABJ. Now, the group is called Haven.The definition of Haven is a place of safety and refuge. It's a port in a storm, a shelter for ships and boats, a retreat. If health care is a scary place for consumers -- particularly the 1.2 million combined workers of Amazon, Berkshire Hathaway and J.P. Morgan -- Gawande's Haven is sending a strong signal that it wants to help.
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