Anne Wojcicki, co-founder and CEO of 23andMe, explains her motivation for starting a direct-to-consumer genetics company outside traditional medical and insurance systems.
Insight
Wojcicki: Healthcare Industry Monetizes Illness Rather Than Prevention
“At the end of the day, healthcare is an amazing business that really effectively monetizes illness, and I used to always say, you know, if I successfully get you to never be diabetic, No one makes money. But if you do become diabetic, there's all kinds of ways…”
Insight
Wojcicki: Medicine is practiced as art, causing conflicting cancer treatment recommendations
“Part of what people don't necessarily always understand is that the practice of medicine is, is an art. Like, you can go, the reason why you can go to five different physicians and get five different ways of you know, treating cancer is because there's the pra…”
Prediction Not checkable as stated
Wojcicki: Universal Healthcare Payment System Will Never Happen in US
“I think the reality is what needs to happen is never going to happen. Which is like you have a universal payment system.”
Insight
Wojcicki: Single-payer systems are structurally incentivized to maintain long-term health
“And I think for a single-payer healthcare system, or like a country they care about actually trying to keep you healthy for as long as possible.”
Insight
Wojcicki: Healthcare patients lack decision power because they aren't the direct payer
“The main thing in healthcare is that you don't actually ever have a voice. Like, you don't, like, you don't actually, because you're not the payer in healthcare, like, you the individual, you don't actually make decisions. It's, you know, your insurance compan…”
Insight
Wojcicki: Science Startups Must Publish Peer-Reviewed Data to Build Credibility
“It's one thing I always advise science companies is you can't speak, like, I can't just tell you, like, oh, we're great. We have great science. Like, no one, like, no one believes that. So what you need to do is you need to publish. Like, you put, like, I neve…”