Atul Gawande's company looks to benefit design, unsealed court testimony shows
February 21, 2019 / Susan Morse
The nonprofit healthcare company formed by Amazon, Berkshire Hathaway and JPMorgan Chase is looking at benefit design to take cost and the complexity out of health insurance, according to unsealed court testimony obtained by The Wall Street Journal and Stat. Jack Stoddard, the chief operating officer for the new company, said the venture is asking if it can "reinvent what insurance looks like in terms of benefit design," according to The Wall Street Journal. The venture is also looking at pharmacy costs, Stoddard said, but has no plans to compete with existing pharmacy-benefit managers. Stoddard testified in Massachusetts District Court in Boston last month, in the case of a lawsuit brought by Optum against former employee David Smith, who went to work for the new company.