You're watching...
Jay Walker, Priceline.com founder, gives his take on the ongoing fiscal cliff talks, and explains why he is focusing on the future of health and medic...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
He dead give you two very different views and not a show about which direction we're headed right now but a lot of Americans are increasingly getting cynical about the course of these.
-- -- budget talks and whether we're going to avoid that cliff.
And they do give you reason -- to get a little antsy with little knowledge Democrats -- over.
More spending and some Republicans dig their heels in on -- defense -- get -- this goes.
And -- a bowl priceline.com.
Founder Dave walker says it would be a bad idea to think some good can still come out of all of this but you would -- easily to -- during -- break.
You're not focus on -- minute by minute.
-- I'm not at all -- and here's why I'm actually focused on the future of health and medicine which is really future of innovation.
Job creation.
And what makes America great which is real progress from unexpected directions what do we had no economic foundation the united -- -- a syringe and everything else and well that's correct but you know something we have an economic foundation -- more people in this country working on the future health and medicine than ever before they're more people creating new devices new ideas new apps for phones new ways of thinking about the future of health and -- vital and health -- -- -- was addressing all the stuff that you want it to -- well I think -- -- looking at the health -- overhaul as an answer to the fundamental question of innovation -- cost control in America.
We're looking to the private sector to think about those things and we're looking about cooperation between government the private sector.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And I did talk to -- to your colleagues.
Who.
Not across the board but many are are they don't see that cooperation and in fact they see the president and the attitude congress that.
That they want to throw it's against the wall and take every last time so it's.
It's not -- he had conducive environment.
Well you know something there's a lot of reasons to be concerned especially if you're in the innovation space you know today if you -- -- fill out your taxes.
You need a tax lawyer right if you wanna immigration -- -- immigration Turbotax -- immigration lawyer.
You know want pretty much it's helpful in -- in innovation now in health and medicine.
We're -- need innovation lawyers America has not come to grips with the risk issue in health.
You know it's gonna take -- risk and right now we live in a risk averse environment we live in a government environment that can't take risk because in many ways.
They're afraid they're gonna get you know criticizing them in the press the media or we have trial -- Though because states that will businesses took risks and we ended up.
Bailing them out when banks of the great meltdown so we're averse to risk and -- -- that taking this because every time they take risks we -- we pay for.
-- in health and medicine we're gonna have to take risk.
We're gonna have to figure how to create new drugs we're gonna have to figure out how to create new innovation so none of this environment right now where we're reverse and that the relationship is very acrimonious.
Gets in the way of what you're -- -- it gets in the way but remember there's a difference between the weather in the climate.
That's the weather a K yes raining today it's not raining tomorrow -- climate which you brought up but the early part is the key.
Is there more innovation taking place in health and medicine you -- Are there more problems in health and medicine you -- We need to figure out how to -- multi disciplinary research we need to figure out how not to export testing and and all kinds of things abroad.
But you know something we've got more young people more scientists more people wanna come to America to innovate -- we have people wanna leave America right -- -- we have fewer than ever going to general practice.
Now well nobody really wants to be a doctor anymore of that debt that the so that makes me think.
Have would poison the well to the degree that people don't wanna be near the well no you look at medical schools and they have ten to one application ratios of the smartest people you'll ever gonna meet.
It -- -- problem what we see is a generational change over it used to be that doctor was a pretty easy job and it was pretty straightforward in a punch this he did this he Henis -- she went home you where the god of the deal.
Now medicine has changed your patients come in with -- -- -- they come in with apps -- come in with reading they say how come you're not coordinating with all my other doctors why aren't you paying attention to what everybody else is doing.
1 I am -- not part of a coordinated system.
Americans are.
-- put -- -- political Carroll was supposed to address this doctors don't -- each other with electronic records okay.
So you're not optimistic -- health care law says that electronic health records are part of an answer and probably they are but it's up to the private sector to figure out how to make it work -- We gotta get that balance right.
-- -- starved had I guess we didn't have it -- all right come.
