Jacob Kimmel: belief

Transcript context

…The reason I'm interested in this is that healthcare is already 20% of GDP. It's grown notable percentages in the last few years. This is a fraction that is quickly growing. The overwhelming majority of this is going towards administering treatments that have already been invented. That’s good, but nowhere near as good as spending this enormous sum of resources towards coming up with new treatments that in the future will improve the lives of people that will have these ailments. One question is just how do we make it so that more… If we're going to spend 20% of GDP on healthcare, it should at least go towards coming up with new treatments rather than just paying nurses and doctors to keep administering stuff that kind of works now. Two, if the cost of drugs, at least from the perspective of the payer, ends up being, you need a doctor to give you some scan before he can write you a prescription and then they need to administer it and they need to make sure that you're doing okay, etc… Even if for you to manufacture this therapy it might cost tens of dollars per patient, for the healthcare system overall, it might be tens of thousands of dollars per patient. I'm curious if you agree with those orders of magnitude. I think that's correct. I think the stat is something like drugs are roughly 7% of healthcare spend. I could be a little bit wrong on that, but the OOM is right. Basically, even if we invent de-aging technology, or especially if we invent de-aging technology, how should we think about the way it will net out in the fraction of GDP that we have to spend on healthcare? Will that increase because everybody's lining up at the doctor's office to get a prescription and you gotta go into the clinic every week? Or will that decrease because the other downstream ailments from aging aren't coming about?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.