INSURANCE POLICY INFORMATION
Amazon.com, Berkshire, JPMorgan Closing Down Joint Health Care Endeavor
The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and also JPMorgan Chase & Co., will certainly disappear at the end of February, it claimed on Monday.
The step comes 3 years after the firms collaborated to create Sanctuary to deal with the increasing health care expense in the USA.
The firm had actually claimed in May in 2014 that its Chief Executive Officer Atul Gawande, a Harvard doctor and also writer, will certainly tip down and also play chairman.
The announcement to form the company drank the shares of medical insurance firms such as UnitedHealth Team Inc. and also Cigna Corp. that handle huge company advantages on concerns that Amazon.com would certainly interfere with the standard insurance policy and also medication advantage services.
CNBC, which initially reported that Sanctuary will certainly dissolve, additionally reported that a lot of the Boston-based firm’s 57 employees are anticipated to be positioned at Amazon.com, Berkshire Hathaway or JPMorgan Chase.
( Coverage by Manas Mishra in Bengaluru; Modifying by Arun Koyyur)
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The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and also JPMorgan Chase & Co., will certainly disappear at the end of February, it claimed on Monday.
The step comes 3 years after the firms collaborated to create Sanctuary to deal with the increasing health care expense in the USA.
The firm had actually claimed in May in 2014 that its Chief Executive Officer Atul Gawande, a Harvard doctor and also writer, will certainly tip down and also play chairman.
The announcement to form the company drank the shares of medical insurance firms such as UnitedHealth Team Inc. and also Cigna Corp. that handle huge company advantages on concerns that Amazon.com would certainly interfere with the standard insurance policy and also medication advantage services.
CNBC, which initially reported that Sanctuary will certainly dissolve, additionally reported that a lot of the Boston-based firm’s 57 employees are anticipated to be positioned at Amazon.com, Berkshire Hathaway or JPMorgan Chase.
( Coverage by Manas Mishra in Bengaluru; Modifying by Arun Koyyur)
Was this write-up beneficial?
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One of the most vital insurance policy information, in your inbox every company day.
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