Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years
Remember, that this “Haven” was launched with a big fanfare that the smartest brains in Finance & Tech would finally solve the Healthcare nightmare that the US faces…
Well, the US Healthcare is fundamentally unsolvable for a simple reason:
Healthcare exhibits a classic case of Market Failure, because in Healthcare, fundamentally, pricing doesn’t assure best allocation!
Unlike in most other industries…
Many reasons for that – pls revise textbooks on Microeconomics.
To solve the Healthcare in the US, one has to revert to price controls and regulation as they have in Europe, Canada, Australia, Japan, with much, much, much better outcomes for the population….