The venture was created in 2018 with the goal of helping provide better health and insurance services at a lower cost to workers and families at these three leading American companies – and potentially also to other American companies.
JPMorgan CEO Jamie Dimon wrote in an employee email that was shared with CNN Business: “Haven worked best as an incubator for ideas, a place to pilot, test and learn – and a way to share the best practices in our companies. Our learnings were invaluable. “
Thurston told CNN Business that “moving forward, Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will continue to collaborate informally to design programs tailored to meet the specific needs of our individual employee locations and populations.”
She added that “the Haven team has made good progress in exploring a wide range of health solutions, as well as testing new ways to make primary care easier to access, insurance benefits easier to understand and use and medicines more accessible.”
In the future, the three companies are expected to continue to focus on increasing health care offerings for their own employees, especially as the Covid-19 vaccine becomes available to a broader group of Americans.
In his e-mail to employees, Dimon said “we will take advantage of the insights we gained through our joint venture and build on them”. He added that there would be no changes to the bank employee benefit programs and that Haven would work with Amazon and Berkshire Hathaway to find new jobs for Haven employees.
Berkshire Hathaway, led by billionaire Warren Buffett, recently sought bargains in the healthcare industry.