It would be hard to think of a better team than the world’s richest man, one of its top bankers and the most esteemed investor of our time to solve such an elaborate problem as American health care. And yet, not even Jeff Bezos, Jamie Dimon and Warren Buffett could find the answer together.
Haven, the joint venture formed by Bezos’s Amazon.com Inc., Dimon’s JPMorgan Chase & Co. and Buffett’s Berkshire Hathaway Inc., is calling it quits after just three years. It was formed as a platform to discover ways to reduce the mounting costs and frustrating complexities of the health care system, with an initial focus on the companies’ own combined 1-million-or-so workforce. The dissolution of the Haven accord is emblematic of the profound challenge that haunts business leaders and politicians alike, and it comes as health care at large and the deficiencies of the U.S. system have moved front and center during an unprecedented global pandemic.