joshua kushner: yes, today. but we didn't start the company because we got there was a void to be filled in the individual market, we started it because we felt that people deserved a consumer experience in health care. and health care, as we say often, health care insurance companies do everything they can to acquire customers, but afterwards, they do everything they can to -- them. we want to be proactive, give people access to care to give them things for free. it are paying people to go to the doctor, get shots, we are giving away free generic medicine, free physician visits, so being proactive is about -- what we are hoping to accomplish. mr. clinton: what percentage of your potential market knows you exist? joshua kushner: right now we are only in new york. mr. clinton: even in new york, new york insurance is generally higher than the rest of the country and one thing that burns me up in the health care debate, everyone is saying that the government is lying about their policy, because it went away. becaus

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 think there needs to be a structural shift that is focusing on what the end consumer wants.

[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 subsidizes based on need. but he said, we shouldn't make money on this, we should make money on traditional insurance lines. i thought, i wonder if there is a single soul in america who would say that. interesting. this guy has some interesting ideas, so let's bring out josh kushner. [applause] same old are you here joe kaini is the founder of masimo corporation, that employs 3000 people worldwide. it is a startup. it is the production and distribution of symmetry technology, another noninvasive medical breakthroughs. but i most kn

in this portion, health insurance company founder joshua kushner talks about how the industry needs toe more like the tech industry. president clinton: what do you need to happen that is beyond your control for your business model to have a good chance to succeed? panelist: great question. so i think it is mostly about incentives. there is a lot of things that we are doing that are very differentiated. to go back to the question you asked before, how does technology impact our businesses , or the industry, i am of the believe that if you are not a technology company in the next decade, you will not be a company. i think this is an unprecedented change in the world where everyone either needs to adapt or just move on. but there is so much that we can do. for example, amazon and google know when a woman is pregnant almost immediately based on what she is searching for. a health insurance company does not know until a claim is paid three months after birth. [laughter] you -- yeah. [applause] panelist: so our ability to understand what is happening in the system in real-time enables us to