[3] On January 30, 2018, Amazon, Berkshire Hathaway, and JPMorgan Chase announced the formation of a company to provide low-cost and high quality healthcare for their more than a million worldwide employees.
JPMorgan's Jamie Dimon said at the time of the announcement, "The three of our companies have extraordinary resources, and our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans."
[11] In May 2019, chief operating officer Jack Stoddard announced he was leaving his role after just nine months, noting that the commute between Philadelphia and Boston was taking him away from his family.
Moving forward, Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. will leverage these insights and continue to collaborate informally to design programs tailored to address the specific needs of their own employee populations.
[18] The failure of the enterprise was largely based on the inability of Haven to gain sufficient market share to entice health care providers to lower their costs.
According to Harvard Business Review, because both health insurers and providers are profitable under the current system, Haven was unable to force the market disruption it hoped to achieve.