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JPMorgan tries again on health care after Haven implodes • State senator got perks and cash through Loretto • Doctors are losing trust in the health care system

Bloomberg
CAN JPMORGAN S NEW HEALTH CARE VENTURE SUCCEED WHERE HAVEN FAILED? When Berkshire Hathaway, Amazon and JPMorgan came together to create Haven, a joint venture to combat rising employee health care costs, it failed by trying to do too much with too many people, said Alyssa Jaffee, a partner at the Chicago-based 7wireventures venture capital firm.
JPMorgan s new initiative, Morgan Health, might avoid that fate. Unlike Haven, Morgan will first focus on cutting healthcare costs for the bank s 285,000 employees and their families. The D.C.-based company will work with JPMorgan s benefits team and insurance carriers to evaluate and identify new employee health options. CVS Health which owns insurance carrier Aetna already announced it planned to work with Morgan. ....

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