i would like to bring out elizabeth holmes, the founder of theranos. she dropped out of stanford to start this company, a blood analytical company that has more than 500 people employed and is valued at $9 billion. not bad work. and, as you see, she is quite young. when i met her at henry kissinger's birthday party, with george scholz who was 92 years old, i thought anyone with that agent span has a bright future. since im closer to 92 than her age, it looked like a wise move. let's bring her out. give her a hand. [applause] joshua kushner is the cofounder of oscar health. he wants to do something really interesting, which is reinvent health insurance. and how people interact with other physical health systems. i cannot wait to hear about it. i had a highly unusual conversational -- conversation with the chairman of a european health company who happened to be dutch. i asked him if they wrote health insurance, he said yes they do but they don't make any money on it. he said, we don't have health insurance here, we ride it, and the government subsidizes

meet this groundbreaking scientist and founder, elizabeth holmes

and now, elizabeth holmes is on the forbes list and she -- she made it before she was 30.nd she is the first self-made woman who made the forbes list. >> and tell folks how she did that. >> what she does is she takes two drops of blood from your hand, from your finger and it goes into a microfluidic chamber and that chamber runs 50 different blood tests, so you respect taking quarts of blood out of your body in order to get your blood test. and then those 50 tests go into a database up in the cloud and so that if you go and you get your finger tested again, you get your blood tested again, then the next time you can see that your vitamin d levels have gone down or your glucose level is too high or whatever and you can make that transition and figure out well, what's happening over time to your body. >> staying in stanford would have been the worst advice you could have given her? advice would you have expected you to give. >> ask her parents i did say, have you talked to your parents about this about dropping out? >> at the same time you stayed with that for, what nine yea

elizabeth holmes: completely. president clinton: what changes would you make? joshua kushner: i would start over completely. [laughter] president clinton: good answer. joshua kushner: i think i would, one, just enable people to understand their health and understand everything that they have access to. i find it amusing at times that child in africa with a smartphone has more access than you did at the turn-of-the-century and -- in the united states. i do not know how much it will cost me when i go into a doctor 's office and i don't know why i am going to that doctor. i think the consumer needs to understand why they go to one place versus the next, what they have access to. it is a good place to start. there is a structural disadvantage to our system because the health care system is built on a b-b business. that doesn't put the consumer first, when you are selling to companies, you are not selling plants that are right for the consumer always. i know that there are a lot of people here, especially in the audience that are doing their best to change that. i t

. >>> miss elizabeth holmes and mr.'m not in a position to do that but i think we're in an incredible position in this country to be able to continue leveraging what we do so amazingly well which is technology and inknownovation and applying it to solve policy issues which is something we're working really hard on on our end. [ inaudible ]. >> how many? i think i've lost count. this is an important one. ♪ >>> the honorable hiron ochlto. [ inaudible ]. >>> mr. rob porter. >>> ellen and matt baum. ♪ >>> mr. pendlerob and mrs. mrs. mrs. mrs. pendlerob. >>> mr. bob cheever, mrs. patricia kiefer.

i'd like to bring out elizabeth holmes. the founder of theranos.he dropped out of stanford to start this company. it's a blood company that is now employing more than 500 people and is valued by investors at about $9 billion. not bad work. and you will see, she is quite young. and i first met her at henry kissinger's 90th birthday party with george shultz who is 92. so i thought anyone with that sort of age span has got a bright future. and since i'm closer to 92 than her age, it looked like a really wise move. 6 so let's bring elizabeth holmes out, give her a hand. [ applause ] josh kushner is the co-founder of oscar health. who wants to do something really interesting, which is to reinvent health insurance. and how people interact with their physicals and the overall health system. i can't wait to hear about it. i had a highly unusual conversation with the chairman of one of the largest european insurance companies who happened to be dutch a couple years ago. and i asked him if he wrote health insurance. and he said yes i do, but we don't make an

elizabeth holmes is part of the new times 100 list just out.n every drug story. it's fueled it and made home the world's youngest female self-made billionaire. let me ask a little bit about you. do you own a tv? >> no. >> why not? >> i work all the time. and i'm basically in the office from the time i wake up and then working until i go to sleep every day. >> reporter: at 19 years old ee liz belkt holmes dropped out of stanford. she had a little tuition money and a big idea. now at 31 she's what lots of teenagers with that background likely strive to become. >> the youngest billionaire in the world? is that heady when you hear that? >> you know, it's not what matters. what matters is how well we do in trying to make people's lives better. that's kwhie i'm doing this. that's why i work the way i work and why i love what i'm doing so much. >> what holmes is doing is running theranos the company she starts in 1983. you'll see her in a black turtle net or white lab coat. instead of a need toll the arm it's a pinprick to the finer. holmes is markets

charlie: elizabeth holmes, a brilliant young entrepreneur. nancy gibbs: the founder of theranos.g us to diagnose with a much simpler test. charlie: and henry kissinger. nancy gibbs: she left stanford to start this company, and she really has been capturing the imagination of people who see some of the most important innovations, whether it is in technology or medicine or the arts coming from people at much earlier ages than they might once have. it is possible now to have an enormous impact without having spent 30 years in your field without necessarily having billions of dollars behind you. we have seen that over and over again, of these ideas that very young people are often coming up with and are able to ultimately get funding for because of the power of the idea itself. now, i will point out that not everyone on the list is a good guy. not all influence is benign, so kim jong-un is on the list. and vladimir putin. he won the pole. -- the poll. i think people understand influence for good or ill, and obviously, we much prefer to feature people who are making a positive differe

charlie: you met elizabeth holmes? brian: i don't know her. charlie: she is a young entrepreneur.he is doing remarkable work. brian: sheryl sandberg. charlie: that is obvious. what is it about that you wouldn't want us to know about you, brian grazer? brian: oh, god, charlie. charlie: what is it that makes you a little bit crazy to get close to? brian: very neurotic. charlie: we know that. brian: geez. that's too general. way too general. charlie: is it women, is it -- brian: i can't figure out women but most men cannot figure out women. [laughter] charlie: tell me what it is that makes you, i cannot go there? brian: i do not know. charlie: do you think your life is an open book? brian: it is pretty open. i did not write the book for a while, by writing a book it looks like you have soft -- solved everything about life and you have all of the answers and i definitely do not have all of the answers. friends of my know that. i have so many foilbles. the world is going so technology is driving the world so badly -- rapidly that i would just say in three years what will i want to do?

i would like to bring out elizabeth holmes, the founder of theranos. she dropped out of stanford to start this company, a blood analytics company that has more than 500 people and is valued at $9 billion. not bad work. and, as you will see, she is quite young. i first met her at henry kissinger's birthday party, with george schulz, who was 92 years old. i thought anyone with that agent span has a bright future. since i'm closer to 92 than her age, it looked like a wise move. let's bring her out. give her a hand. [applause] president clinton: joshua kushner is the cofounder of oscar health. he wants to do something really interesting, which is reinvent health insurance and how people interact with other physical health systems. i cannot wait to hear about it. i had a highly unusual conversation with the chairman of a european health company who happened to be dutch. i asked him if they wrote health insurance, he said, yes, they do but they don't make any money on it. he said, we don't have health insurance here, we write it, and the government subsidize

elizabeth holmes for instance we backed theranos.it has turned medicine completely on its ear and become a major breakthrough company. she's actually i guess, the first under 30 self-made woman in the forbes billionaire list. i gave her, her first million dollars. so i'm very proud of that. >> i'm glad you brought up bitcoin a moment ago because i think you won $19 million of bitcoin in a government auction last year. if you take a look at what's happened to bitcoin, back in late 2013 it was above 1,000 so a lot of people feel the bitcoin may have a murky future. what do you think now? are you still a believer? >> oh, absolutely. bitcoin is here to stay. it's -- the pricing has stabilized. i didn't know where the bottom was going to be. now it seems like we've been on the bottom for a while and it is starting to stabilize. there are some extraordinary technologies that are making bitcoin -- it enables all sorts of new vehicles that are going to make it so much easier for us to do remittances or do sending like micropayments. micropay