Healthcare: McCain vs Obama

" it is safe haven from economic turmoil. Has taken some hits from the bear market about a 15% decline still it is better compared to the more than 30% decline. Any S&P index or the one that they had seen in the recent couple months and health -- at the top topic as voters go to the polls today so what impact -- new president's health care for consumers. And companies have on both. And then fall -- is the president of the medical referral website best doctors and doctor Steven Greer is the founder and CEO. Of the health care account the morning gentlemen thanks for being here. -- let me first start with you if Senator McCain wins the election. How would the McCain. Administration impact the health care industry."

" What -- John McCain is proposing is to essentially decouple. The concept of health insurance from employment. So that if you lose your job -- move jobs you bring your health insurance with him. And he wants to make it possible for people to buy insurance. Across state lines and buy it where you find the best price invest benefits and that would be pretty significant change for our for our health care system and later it's currently. Organized which is what I might describe as almost a form of domestic. I protectionism. Relevant to the insurance industry."

" Still hasn't Evan what it will allow for is greater competition double corporations to use that and one state. -- there's four different insurance and -- but in the southern state there are six different insurance and they offer better products perhaps. It'll make it more competitive for me to purchase insurance. From the state across the border."

" This is correct this is one -- the -- that does that sort of the secret. The American health care system we have such great quality in terms of medical care. But there's such high expenses. And a lot of it is driven by the lack of competition in health care insurance justice Stephen who ends in this case what -- companies went from a situation like that for."

" smoke companies might benefit because both candidates are McCain and Obama have mentioned something very important that is to give the Medicare CA a messy Philly to negotiate prices under the Medicare part. And -- specifically Medicare specifically forbidden from negotiating prices -- drug companies cannot Jack up prices 10% each year and then get away with itself. If Medicare suddenly allowed to negotiate prices and be a big cut in the annual growth. Now which we should do to save money from each of us."

" The current -- if I'm wrong though but as I understand it both McCain and Obama. Would do that they would give Medicare the right to deal with. Big big drug companies in negotiating the correct wait for. What -- medication that there recipients he isn't that right and yes that's that they seven campaigns you know many times. Okay and then let me switch back to you let's talk about the differences between an Obama administration and what that means for health care."

" Sure what what what Senator Obama wants to do is create on one level mandate that children have health coverage. And also to create a sort of nationally. Created plan to that cover people in a way the government federal government decides is a good time benefit -- So it would either be something that would be sold by the federal government. Or would actually be mandated that insurance companies have to sell either you know supported by the government -- government sponsored enterprise. It's not really clear at this point. But much more government involvement in health care system what we see now and certainly been one -- Even as a beneficiary in this case. Of which of the Obama plan. In terms of health care stocks yes."

" And it ended not not many a month. It's going to be a negative for most of the sector bid to import thing to mention is that it probably won't have an effect until at least 2010 because any changes in Medicare take many months that happened the legislation won't happen until -- 9 -- we're not looking at any catastrophic scenario in 2009."

" I haven't let me turn back to you because what your business does is something pretty and usual. Your business allows people to get the opportunity get. A second referral an opportunity to make sure that the first dot diagnosis was the right one. Or perhaps not the right one. And in the process they will fade health care costs is effective company like yours."

" Well here what we do is we we provide a service that helps people make sure that got the right diagnosis and treatment so we review of the people's medical information and consult with pop experts to make sure that the right things are being done for the patient. And it turns out that about 20% of people have something wrong with -- diagnosis. And more than half of something wrong with their treatment. And this is a major driver of health care expense in the United States and actually around the world. And it's been a big driver of our business even in these difficult economic bad times of any thing it's added more focus on what we do. Employers say lesson I've had a cancer that was misdiagnosed my population. And they felt through the cracks of the system -- was paying attention and it got worse and worse and worse. And it turned into a tragedy when it could have been treated early on and and that's why they're coming to us and saying help us make sure. That our -- are getting the right care at the beginning because they know that it's it will save money for them immediately and didn't want."

" All -- well Evan we're going to leave it there it sounds like you're doing a terrific thing got Steven -- great pleasure happy to have you on thanks so much Delmon."