Amazon, JPMorgan and Berkshire Hathaway name CEO of healthcare venture
Atul Gawanda, a medical professor critical of the industry’s practices, will lead the joint healthcare company, developed for its more-than 1-million staff
New York — Berkshire Hathaway, Amazon and JPMorgan Chase, on Wednesday, named Atul Gawande, a prominent medical professor who has criticised his industry’s practices, to lead their joint healthcare company. The venture will be based in Boston and operate free from profit-making incentives, the three companies said in a joint statement. Berkshire, Amazon and JPMorgan Chase announced they would form a healthcare company aimed at cutting costs for their US employees in January. The move rattled shares of the healthcare supply chain, including CVS Health, and Express Scripts, among others. Gawande, who is also a best-selling author, practices general and endocrine surgery at Brigham and Women’s Hospital and is a professor at the Harvard TH Chan School of Public Health and Harvard Medical School. In his 2014 book, Being Mortal: Medicine and What Matters in the End, Gawande argued against prolonging a poor quality of life for the elderly. Berkshire chairman and CEO Warren Buffett, who is ...
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