Dr. Atul Gawande, the newly selected CEO of the Amazon, J.P. Morgan as well as Berkshire Hathaway joint health-care venture, was once given $20,000 by Warren Buffett’s longtime investing partner Charlie Munger.
Buffett, chairman as well as CEO of Berkshire Hathaway, made in which revelation on CNBC’s “Squawk Box” back in 2010.
At the time, Buffett said in which Munger wrote a check after Gawande published an article from the completely new Yorker on high U.S. medical costs.
“[Munger] never met him, never had any correspondence with in which,” Buffett told CNBC’s Becky Quick in March 2010. “[Munger] just mailed in which to The completely new Yorker as well as he said, `in which article is usually so useful socially,’ he says, ‘Just give in which as a gift to the — to Dr. Gawande.'”
The article in which caught Munger’s eye was a 2009 story, “The Cost Conundrum.”
Gawande, who has been a staff writer at The completely new Yorker since 1998, explored why two different towns in Texas in which had similar demographics had huge variances in their health-care spending. He found the primary cause for the extreme costs in one town was “across-the-board overuse of medicine.”
“Americans like to believe in which, with most things, more is usually better. yet research suggests in which where medicine is usually concerned in which may actually be worse,” Gawande wrote from the completely new Yorker article.
“Spending on doctors, hospitals, drugs, as well as the like currently consumes more than one of every six dollars we earn.” He continued, “The financial burden has damaged the global competitiveness of American businesses as well as bankrupted millions of families, even those with insurance.”
According to the Huffington Post, Gawande did not take the money via Munger as well as instead accepted in which as a donation to the Brigham as well as Women’s Hospital, where he practices as a surgeon.
CNBC has reached out to Gawande for comment.
Gawande will officially begin in his completely new role with the Amazon, J.P. Morgan as well as Berkshire venture next month, the three companies announced on Wednesday.
He will not give up his positions at Harvard or Brigham as well as Women’s Hospital as well as will keep writing, including for The completely new Yorker.