of medtronic. caller: it is listed on the fortune 500. can you please disclose before you start shelling for privatizing? and another thing, sir, people well aware of what the fed reserve is aware of this country and i would not like what you trying to do with the federal reserve because the fed reserve pinot is no more private than federal express. i think you should explain yourself. host: go ahead, dr. broder? guest: i am on the board of a pharmaceutical company, no board is, i am not on the board of medtronic, i found the three medical device companies and i operated and trained in surgery and radiology and have taken care of patients and i am

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>> i'd do what i did at medtronic, focus on wellness and prevention. money in the world out there to pay for full access unless we start taking care of our health. the president needs to take control of the debate tonight and get the american people into it. it is not about republicans an democrats. they're going to argue forever. it is about the people haven't bought into this plan because they don't know what it is and they need to see the benefits to them, how's it going to help them with their health care crisis. he needs to make the case and he hasn't made that case yet. >> he sounds very weak to me. doesn't he, steve jobs, his voice? >> i think that's to be expected after what he went through. transplants -- >> this is veryserious. modern medical technology saved his life. and let's just hope he'll continue to come back. >> stamina obviously is going to be less than what it has been for a while. he only came back in june, then on a part-time basis. we've heard anecdotally that he's been very involved in the development of this tablet they're work

jooud and boston scientific and medtronics. competing on price to win the business of the major hospitals, the hospital groups. so i don't think that is an issue. >> that is simply not true. that is simply not true. your r&d cost is less than 10%. sales and administrative costs are 35%. you spend far more money selling to doctors, wining and dining them than you do on r&d. if you had sincere price competition how does this screw, which looks like a wood screw from home depot that costs 53 cents and made out of the same titanium cost $1700 in the average u.s. hospital? that's a fact. >> bill, what about this broader issue? and i know, i'm sure you could debate specific numbers. it is true when you look at the amount of money spent on marketing and advertising by insurance companies, device companies, it's pretty astounding. you've got to think, gosh, if that money was going to r&d, would we be better off? >> well, i think you have to understand how it's being used. it's being used to support physicians, often in the operating ro

i had the ceo of medtronics on yesterday. he isn't too happy about that. we're going to tax health care to death. that's what it sounds like. can this be stopped, will this be stopped? >> well we ear sure going to try. all those taxes get passed on to who? the consumer in the form of a higher premium. you may think you're putting a tax on medtronics and the other device manufacturers -- by the way, that really helps with their invasion and raising capital for new research on products that are going to help us, doesn't it? but the bottom line, they have to pass that on. the bottom line is the consumer ends up paying all of these costs and yet another reason why this plan doesn't make insurance more affordable. it makes it less affordable. >> all right, so, the price tag is $900 billion maybe. a lot of people think the so-called savings in this bill, especially the medicare cuts are never going to come to pass. the tax thing is about $250 billion, and may be rising. i'm not hearing still, at this late date, i'm not hearing, for example, a pro market reform l

. >> caller: medtronic. what do you think? >> no. anything to do with heart, i go with st. jude on one hand and abbott labs. who owns it for actionsalertsplus.com? who predicted friday they would have a merger? was it kyle my stage director? it was me. ruth in pennsylvania. ruth. >> caller: jim, new york mets boo-yah. >> i'll give you a boo-yah. they can't hurt me because they are not in my conference. that said, i must tell you that rex ryan is a great dad and a great member of the community. i don't want to reveal where he goes on friday. then everyone will follow him. that guy is for real, man. he's for real. so is qadry. >> caller: i'm excited about them this year. my symbol is dry ship. >> you come to me with the jets then you suddenly hit me with the kansas city chiefs of dry ships? what about the oakland raiders of the shipping group? nordic american put out a great release today, and you come to me with the kansas city chiefs and -- you know what? even the bengals are better than your team. i want you to sell, sell, sell! i a

of medtronic.caller: it is listed on the fortune 500. can you please disclose before you start shelling for privatizing? and another thing, sir, people well aware of what the fed reserve is aware of this country and i would not like what you trying to do with the federal reserve because the fed reserve pinot is no more private than federal express. i think you should explain yourself. host: go ahead, dr. broder? guest: i am on the board of a pharmaceutical company, no board is, i am not on the board of medtronic, i found the three medical device companies and i operated and trained in surgery and radiology and have taken care of patients and i am currently president of the salk institute for biological studies which is really developing those scientific breakthroughs that would lead to the cures for alzheimer's, macular degeneration, and of a chronic illnesses driving cost. yes i am conflict from every different perspective but i am also a health care consumer. i am not to defend or attack anyone s