JPMorgan Chase & Co.’s Morgan Health business, a successor to its failed joint venture with Inc. and Berkshire Hathaway Inc., is backing a health startup trying to slash workers’ out-of-pocket medical expenses.

Morgan Health is investing $30 million in Centivo, a three-year-old Buffalo, New York-based health-plan administrator that says it’s holding members’ average annual out-of-pocket expenses to less than $350. That compares to a national average of about $800.

Morgan Health is JPMorgan’s successor to Haven, a joint venture with Amazon and Berkshire Hathaway that disbanded after failing to produce meaningful change for the companies in health benefits. Morgan Health aims to develop better offerings for 150 million Americans who get coverage through employers, and Centivo offers an uncommon devotion to lowering costs, says Dan Mendelson, chief executive officer of Morgan Health.

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