Billionaire Warren Buffet of Berkshire Hathaway declared that he cannot guarantee that the latest joint venture between JP Morgan, Amazon and his own firm that is seeking to improve healthcare system in United States will be successful in its goal soon. During an interview early this week he stated the venture Haven Health is growing at a steady pace in terms of employee strength, business partners and other details and needs just the right kind of push to make it more efficient. The not-for-profit venture was created last week in collaboration with Jeff Bezos of Amazon, Berkshire Hathaway and J. P. Morgan.
The chief aim of creating this venture was to improve medical facilities given to their staff at reasonable costs and just the announcement of such a venture sent stocks of healthcare firms into open spiral. No details about the firm’s operations and scale of work have been revealed as yet and till date only surgeon and speaker Dr. Atul Gawande has been hired for executive position. Buffet emphasized that Haven’s journey to achieving all its ambitious goals is likely to be very long and all founders are willing to go out on a limb to make the venture successful.
He stated that though the venture is likely to be difficult it is not an impossible feat as they are likely to face plenty of opposition to change. Vice Chairman Charlie Munger of Berkshire stated that the health care system presently existing in the country is almost out of control with crazily high deductibles and unnecessary number of medical treatments that are created to fleece money from unsuspecting patients. Sometimes these unnecessary treatments leave people under debt for several thousand dollars even though they are insured. Munger stated that the assistance technique of providing healthcare which they are developing will help the people gain access to scientifically superior healthcare system within the budget they are comfortable with.