Candidates' Health Care Plans

" Well before the break we heard from both democratic and Republican presidential camps on the issue of health care reform. Well we each candidate has a prescription to satisfy consumers' health care providers and investors. I'm joined now by Jonathan bush he's the chairman and CEO of Athena help he's also. I AM relative of the current president and Billy bush my good friend and I love you -- other important status symbol for -- and I -- We're just getting about how much fun he's having Beijing OK let's talk about. You were able to listen to both candidates right. And down and and basically there's some finite differences the two plans you know this is good as anybody. What do you think aren't -- this differences and what do you like or dislike about the plants."

" Well the difference is the distinction that I see the candidates drawing are largely on the financing side which -- near a little bit about where you put the deck chairs on your. Big boat. It seems like the big problem in health care's not we -- you pour the water in -- how much goes in which is an interesting question -- you like the government to carry. More of the weight in a kind of -- laughed and if you want. The public to carry more of the weight and not run through the tax portal to get and then you piling into the right. That's pretty much as as it's as it should be. My concern is more on the execution sites -- you mentioned both sides support retail clinic both sides support more consumer access to health care. -- things are happening anyway and they should. There's a lot of places where the government gets in the way there's a whole series of laws called the stark laws which make it for example. Illegal to do a lot of the supply chain partnerships that Chrysler does with their suppliers -- Johnson Controls for -- or whatever. So hospitals aren't hit weren't allowed before the Bush Administration actually to. Body computer systems that doctors in the community could use that was considered a kickback which is a little weird. Those are the places where the execution. Is vital is vital and where the difference in terms of how much dollars -- care versus waste."

" Let's tell -- volatility in the house and one of the key things that you rely on or that you focus on is technology and providing bright light kind of technology for physicians -- anybody in the health care industry. When you look at the two plans right now right and terms of who's got the technological know how to say hey wait a second if we're gonna we import drugs if we'll go to really invest in generics and try to bring health care costs down. How could we do it technologically smart and efficient --"

" I'm really concerned that our language or vocabulary or technology look at health care."

" Particularly the government gets involved is really old school Boston we -- we get old school. People still talk about servers in licenses and software."

" When in retailing and consumer credit and in the stock market everyone's on one network and yet executed trade online and everyone sees and instantly. There's absolutely no reason why health care information shouldn't work the same way -- health has built up this feed and that network all of our clients are on one network and so."

" When they don't they don't process claims mail in forms and all happens."

" Online older systems in their medical records and those prescriptions in the results or the lack of results because maybe the person didn't make it to the pharmacy. 35% of what a doctor orders never get back to the consumer and never get back to the chart."

" That's costing a lot more money than whether the government pays for a group co op. On the McCain side -- the government gives you tax credit on the McCain side of month Obama McCain yeah apple care but Rama."

" well yeah I think my issue is down in the fact that we're not all on a national network."

" We can be we aren't going to work out okay it's a silly that we can get technologically smart the issue here though when you look at the two different plans is that. There's a lot of emphasis right now on the employee you're ready employers' costs particularly for small businesses which create almost 70% of the jobs in this country in the employer costs are getting more egregious every single day -- you know so given the fact that the cost to revolutionize this thing is. Off the charts like how do we make sure that corporations and small businesses can afford to maintain their health their."

" Packages I think the issue is in health care. There is a very difficult. Challenge to decide what is an entitlement what is the benefit and what is luxury of because the employers and I've been quiet -- 700 employees. I like to get in there and say how much in which doctor and by the need that extra visit I feel awkward getting into that conversation when employees so I don't."

" So I just broke my neck right in the -- and then goes on its merry way. I think what's going to happen we're already seeing anything to -- review data that shows the different performance trends across -- you're seeing more and more employers are sending more and more responsibility to their employees saying it. Here's more money they had last year for health care but you decide how to spend it. And if you're gonna smoke like a chimney and ate like a pig and drink like -- and not going to the doctor according tetanus survey and that's right they're going to -- repercussion you're gonna have to keep you you might find yourself holding some of the -- later on. And that trend is probably going to continue in all of these programs if it doesn't that the costs that cost increases that we're seeing now will increase."

" Vastly more and yes it's interesting 'cause we're seeing -- personal responsibility issue as it relates to pension plans as well everything's changing ideal arena we 41 K plans today we don't have defined benefit plans the same trend is probably going to happen no matter who becomes president and."

" All of those will require real time information and consumer suddenly holding his bag they're going to want to know a lot more than employers want to know. And they're going to want to know what real time between lunch breaks or after work."

" And that's worth the Internet and these other national --"

" It's gonna we're gonna -- where are you okay let me ask you this question. Over the past couple months we have seen a lot of announcements whether it says Swiss drugmaker Roche pursuing their remaining amount of Genentech that doesn't known Bristol-Myers with imclone. At a partnership between -- cope fans but. It appears as though there is a lot of deal making -- getting done in the drug sector ran out and the Biotech sector. Two questions here is it either any combination fact that they want to get things done before the Bush Administration and -- McCain and Obama appear to not be as drug related friendly. Or is it secondly that the fact is the cost of making drugs the cost of this industry in general view is outrageous and I have to figure out how to cut costs."

" Well I have a say I know a lot of activity is going around around what. Obama by president Obama might do to capital gains rates in other kinds of tax thinks of course that's going on everywhere I assumed from the I -- in my financial rises so let's not forget the options because he's afraid of it."

" But I think really there's a bigger trend in there that these guys are seeing the age of the big dumb drug. It's probably coming to the to an end when the consumers actually holding the magazine. Telling me this prescription only work 62% of the time for me and if it doesn't work my ear infections going to go away at cut and a couple months anyway and it won't hurt -- taken and they'll. Although little micro decisions that these consumers are charged with don't have a cost to make today. We'll start happening and I think a lot of drug companies are seeing that in addition to obviously maybe a change of command. Changing their regulatory situation."

" All right we'll talk and bush was cool wait to -- you I love and -- I love your giving -- a matter of fact honest answer is without them. Counselor you're going to be a trusted business service he can't you can't take it too yeah and let's hope that everybody threats institute that technology around and cuts and -- amen sister lay out without."