. >> peter orszag talked about health care and how really we're not solving the core problem with theway through congress take a listen. >> the big shame of the fact that this is taking even longer in addition to the problems with the bill itself is that whole agenda has been put on the back burner and it is unlikely that we're going to see any significant movement towards a, you know, a morrow bust value based payment system while policymakers are consumed with what's happening to medicaid and what's happening to the exchanges it just takes up all the oxygen in the room. >> so what can happen in between now and whenever we actually get a vote on this do they tip the scales in the direction of actually solving the problem? >> nothing good. again, the problem here is we're creating a huge amount of uncertainty both on the exchanges for how insurance companies are going to price their plans but then again, the whole more or bigger agenda of how do we move the entire health care system towards a value-based payment methodology? that just is not going to happen while we're debating these

>> what i've been led to understand, "the wall street journal"'s written about this, peter orszag, when head of omb, devised a model and the model is a status model that doesn't give credit for any modification of behavior for a free market system. >> here's my question. one is, look, we believe in a free market system, the free market system is going to have winners and losers like any market does. things are expensive, you can buy them, things are not, you don't make enough money, you can't buy them. we believe in a free market system. the other is this idea that everyone is going to better off, that's the argument tom price has made, the argument the president has promised, everyone will be better off. you would agree that can't be possible, right? there's going to be losers here. >> i would agree everyone is going to be better off that buys insurance that will be replacing the exchanges because the exchanges are a dismal failure. it's going to be up to the states to figure out how much medicaid they want to pay for. >> i want to be clear on this, i want to make sure i understand whe

. >> we talk to peter orszag, former cbo director earlier this morning. there is also the chance that this phone could disrupt health care take a listen. >> what this object and things like it has done is moved us into a much more mobile distributed i.t. system including in health care, for example. so you can now get much more health information on your phone and it can also help your doctor interpret how you're doing from the health perspective compared to a decade ago. there is more health information presumably on your phone today than was in your medical record 10 or 15 years ago we're only at the forefront of what will happen as these technologies evolve further. >> a big debate here is will thb a good thing or a bad thing? this artificial intelligence surge into society getting any closer to answer here's with people talking big ideas? >> couple things talk about what peter just said, you know, i think health care has not yet been distributed as much as it should be health care and kindergarten through 12th grade education are the two industries th

he's also been endorsed by obama administration economist austin, peter orszag and christina roamer, all of who you all know. he served as a senior economist as an economic advisor to five major presidential campaigns. in particular i want to point out that he's an expert on tax reform. i think this is going to be incredibly important to us and his focus has been on how to have a tax code that gets rid of some of the loopholes and some of the preferences for special interests and a simpler tax code with lower rates. and i think that again is what we need to get the economy moving. what he's shown is that if you can fix a tax code in that way, the major beneficiary would be the middle class families. wages are flat right now and the best thing to do to get wages up is actually to reform the tax code. i think that's really important research. the middle class squeeze at that thank too many of our constituents are feeling is something we can address through number of ways. he's the right person at the right time, mr. chairman. i think as chairman of the council of economic advisors, the