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Henry Schein CEO Stanley Bergman on the Supreme Court’s health-care ruling, preventive health care and keeping costs low.
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Yeah I didn't have a look at the Dow Jones industrials down just 63 points on -- start of the program we were down more than a 130 low of the session.
Sorry it just switch down fifty trick -- to think yelled at beat up.
At now 48.
We've just hold it up here and -- -- turned positive about.
But again the -- of the session down -- 170 points we can see the S&P 500 also all the way back.
Let's get to the CEO of one gigantic health care company says today's Supreme Court decision doesn't impact the outlook.
Either way for his company's Stanley Berkman is gunning for growth and profits anyway you slice it.
He's the chairman and CEO of every shot joining us now on the Fox Business exclusive from West Babylon New York.
Listen if if anybody goes to a doctor or veterinarian or dentist there's a good bet that something that that doctors using was sold to them by -- you're the world's largest.
When it comes to health care products what did you make -- the Supreme Court upholding the -- decision Stanley.
But good afternoon lows and was really Health Care Reform is about access to case.
I think the American public is quite a unified on the notion that every American should have access to K the question is who is gonna pay for it.
And Health Care Reform is to a large extent about wellness.
And using the primary care physician as the first line of defense and not the emergency room.
So going to the emergency room is an expensive way to deal with health -- Better to deal with -- in the primary care facility that's what Health Care Reform is all about who's gonna pay for it.
OK well does this.
Does this lie that sort of begin to deal with that I guess because it it brings access to people it forces them to have insurance coverage.
That's certainly that hopefully.
Prohibits people from showing up on the doorstep of hospitals with the worst case scenario and the rest of us end up having to shoulder that as well but.
Which you -- that the Supreme Court upheld the insurance mandate.
What you think about that particular part of it Stanley.
Well I think a -- it's really about.
Making show that end of the day.
We put a lot of effort into preventative care and wellness.
So first of all we reduce the number of people seeking case then.
It's about making sure that -- takes place in the right place of course there -- other component parts of Health Care Reform.
Including.
Making sure that we focus on.
Quality of campus is volume.
And using tools of technology.
To make take health care much more efficient so it's quite comprehensive the question of who's gonna pay is a political debate -- the implementation of Health -- Reform is an administrative issue.
But the basic concepts I think the average American is an agreement -- OK -- -- it was interesting to watch the behavior over stock today because earlier it was checking it knowing -- -- going to come on it was down now it's moving higher you've actually had a pretty decent year but.
Over the past several years -- market cap is grown exponentially terrific leadership you get props for that certainly you and your team but.
Let's talk about the future of what do you guys do and that is provide products everything from syringes to.
-- -- -- -- -- -- -- -- -- -- -- How are you keeping your costs down to the individual providers into the hospitals.
I'll job list is to help practitioners.
We have about 780000.
Customers that's well over a million.
Dentists.
Are physicians in the ultimate case site -- come patio and general veterinarians are job is to help these practitioners run a bit of business.
So that they can provide better clinical care we provide them with the tools to help them do that.
Now let me ask you on behalf as you being an employer you've got some 151000.
Employees all around the world you operated 200 different countries.
How about you having to cover every single one of your employees -- I'm assuming it and correct me if I'm wrong that you already do but.
Does this affect what kind of coverage you can offer them is there's something about it he was an employer don't like or love.
In general as we have been providing health care insurance two out team Schein members -- 151000 half that's up to that thousand today.
-- since Henry opened the dole so for us providing health care coverage is not anything you.
But we are very interest that in preventative care and wellness programs and we also feel that to some extent we are paying.
Throughout hospital bills for those that do not have insurance so in a sense.
Of course we don't know how this -- -- gonna be implemented mind this is in the interest of companies that are actually paying health care insurance or it.
Now that's the truth doctors say they can't turn people away and they haven't for many years and they come at the worst possible time will be so interesting to see how this.
Plays out Stanley great to see you thank you so much I appreciate it.
