New Market Entrants Haven Healthcare and Fitbit on the Move

AHA Market Scan New Market Entrants Haven Healthcare and Fitbit on the Move Haven logoAfter a lengthy period of silence, the JPMorgan Chase-Amazon-Berkshire Hathaway Haven Healthcare venture has offered two health plans to some of the firms’ 1.2 million employees.

About 30,000 JPMorgan Chase workers in Ohio and Arizona can opt into one of two plans in 2020 that will be run by Cigna and Aetna, according to a Bloomberg report. Under the plans, JPMorgan Chase employees’ co-pays will range from $15 to $110 for most services, with more expensive care and hospitalization coming with higher fees.

Additionally, Amazon will offer health plans for its employees in Connecticut, North Carolina, Utah and Wisconsin. The plans were created by the online retail giant in consultation with Haven and insurance providers.

Meanwhile, Google’s parent company Alphabet recently agreed to buy Fitbit for about $2.1 billion. That will make Alphabet a direct competitor to Apple in the fitness tracking space. Fitbit, which pioneered wearable technologies, is now forming partnerships with health insurers including Humana, Cigna and Blue Cross Blue Shield Association.

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