Amazon launches health insurer
Friday, 06 22 2018, Category: Health, Country: United States
Amazon, Berkshire Hathaway and JPMorgan Chase have appointed Dr. Atul Gawande as Chief Executive Officer (CEO) of the trio’s non-profit, U.S. employee healthcare partnership. The role, effective July 9, will see Gawande serve from the new company’s headquarters in Boston.
Warren Buffett, Jeff Bezos and Jamie Dimon – CEOs of Berkshire Hathaway, Amazon and JPMorgan respectively – announced in January that they were gearing up to target the “Ballooning costs of healthcare”, with Buffett describing it as a “Hungry tapeworm on the American economy.”
The announcement earlier this year saw shares in major U.S. healthcare providers sink as much as 10%, however the news of Gawande’s appointment has so-far had no significant impact on the market.
An influential literary figure and renowned surgeon, Gawande practices general and endocrine surgery at Brigham and Women’s Hospital and is Professor at the Harvard T.H. Chan School of Public Health and Harvard Medical School.