Amazon (NSDQ:AMZN), Berkshire Hathaway and JPMorgan Chase announced today that they are ending their joint healthcare venture.
The venture, launched in 2018 and known as “Haven,” aimed to bring the companies’ scale and complementary expertise to a long-term project which initially focused on technology solutions to help provide their U.S. employees and families with “high-quality and transparent healthcare at a reasonable cost,” according to a press release at the time.
Following the announcement of the joint venture in January 2018, shares in major health insurers UnitedHealth and Anthem fell as investors pondered the potential disruption that the new venture might bring to the market. In the end, though, the three companies appear to be mostly moving on.
“In the past three years, Haven explored a wide range of healthcare solutions, as well as piloted new ways to make primary care easier to access, insurance benefits simpler to u…