Jamie Dimon says Haven — the healthcare joint venture formed by Amazon, JPMorgan Chase, and Berkshire Hathaway — is gunning for the broader health insurance market:
that the JV poses no direct competition to Optum, per CNBC. But the vague assurance likely didn't do much to alleviate concerns or keep incumbents from strategizing to protect against Haven's march into the space.Dimon's comments cement industry fears and should spur activity from threatened players.
Incumbent insurers have some time before they start feeling the heat, but should reassess digital strategies to prepare for Haven's coming. In his nod to future expansion, Dimon said pivoting Haven's services to the larger public"will take years." And the JV collectively employs about 1 million people, representing a muted threat in terms of scale to players like UnitedHealthcare, which covers 50 million customers.
Smaller insurance entrants stare down a more immediate risk from Haven, and we could see some consolidation as a result. Health insurtech startups have been gaining
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Under tariff threat, Mexico less attractive to companies avoiding China trade warA flood of companies eyeing Mexico as a safe haven from the U.S. trade war with ...
Read more »
Sanctions victims compare scars in St PetersburgVladimir Putin is casting his annual economic forum as a haven for countries and companies targeted by the U.S. government. Chinese President Xi Jinping’s attendance is a coup. But any broader alliance between the targets of Washington’s displeasure remains in its infancy.
Read more »