BILLIONAIRE Michael Milken ON Shaping The FUTURE Of Healthcare
In this insightful episode, financier and visionary leader Michael Milken shares his unique perspectives on the future of healthcare, the importance of data, and the revolutionary influence of science and modern medicine.
Interrelation of Personal and Planet Health
The significant connection between personal health and the health of the planet underscores that efforts in healthcare and the environmental movement are interconnected.
This relationship is especially noticeable in areas like lab-grown food, which can address environmental concerns and reduce resources required for traditional animal agriculture.
Understanding Systems and Patterns
Studying patterns and understanding systems are vital to creating better systems that impact the world.
This approach has significant implications in diverse fields including population dynamics, where the decrease in birth rates in Northern Asia, Europe, and the US is set to change future population patterns.
Promoting Progress Through Communication
Communication plays a pivotal role in promoting progress and maintaining relationships.
Milken’s experience in prison underscored this, highlighting the role of communication in overcoming challenges and driving personal and professional growth.
Learning from the Past
Reflecting on his time in prison, Milken highlights the importance of communication and maintaining relationships.
He believes that focusing on the future rather than holding onto emotions like revenge and bitterness is essential for progress.
Empowering Through Information
During the pandemic, Milken launched podcasts to share conversations with influential figures in healthcare and provide coping strategies during the crisis.
This initiative underscores his belief in the power of information and communication in empowering individuals and driving progress.
Democratizing Access to Capital
Passion for data and knowledge from a young age led Milken to question beliefs and explore information, resulting in his goal to democratize access to capital.
This effort to change the financial system empowered non-investment grade companies, leading to the creation of 62 million jobs in the US.
Technological Advancements in Healthcare
The advancements in technology have enabled early detection of life-threatening diseases, facilitating more effective treatment.
This progress needs to be accelerated, not eased, to ensure ongoing improvements in healthcare.
The Power of Young Scientists
The importance of supporting young scientists and physicians in bioscience cannot be understated.
They are crucial for driving breakthroughs in scientific research, with successes like the development of antiviral cocktails for HIV/AIDS demonstrating their potential.
Eliminating cancer is a cause of death and bringing in the leading economists in the world was worth 50 trillion dollars to the US economy in the early 1990s multiples of what the economy and so we could show the results. – Michael Milken
The Economic Impact of Health Advancements
Advancements in health, such as the potential elimination of cancer as a cause of death, have significant economic implications.
In the early 1990s, it was estimated that such progress could be worth 50 trillion dollars to the US economy.
The Impact of COVID-19 on Scientific Progress
The COVID-19 pandemic demonstrated the potential for rapid scientific progress, with the sequencing of the virus and development of a vaccine occurring in just 63 days.
This event indicates the pace at which scientific advancement can progress when resources are appropriately allocated.
The Importance of Historical Learning
The world is constantly adjusting based on historical learnings.
It’s crucial to consider lessons from the past when addressing current issues, such as how the environmental movement and efforts in human health are interrelated over thousands of years.
The Potential of Lab-grown Food
Lab-grown food has the potential to address environmental concerns and reduce the resources required for traditional animal agriculture.
This development indicates the potential for science and technology to revolutionize traditional industries and practices.
When you ask a person why they believe in something, they heard it from someone else, and it might be based on fact, it might be based on fiction. – Michael Milken
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