Now let's talk about some other cool things happening in health care. I bought yesterday at my local CVS a device to take my temperature by pointing at my forehead. Have you heard of this? So I've got it downstairs but it's about this size. It's a little device, $40 or something. And instead of sticking it up your butt or putting in your mouth or sticking in your ear or where you've got all these sanitary problems, you just hold it like an inch away from your head, push a button and it tells you your body temperature without even touching you. I was trying it out last night. I think it works. I think it works. You know at least it gave me a body temperature that seemed reasonable.

And then I also saw there's commercials all over the place for a little device you clip to your phone and it can give you a FDA quality EKG. Yeah EKG. So you can test your heart with your phone just putting your thumbs on a little device that sticks into your phone. This stuff that's coming is really, really big. We're very close.

A lot of you don't know this background but after 9/11 when there was a lot of fear of poisons from terrorists, the government tasked industry and the government labs especially to come up with a way to test blood very quickly in the field to find out what kind of poison the terrorists had used. So we went from a place 15 years ago or whatever where we couldn't easily test anybody's blood to shrinking it down to handheld devices. We now have handheld devices that can test just a little prick of blood all kinds of stuff. And I believe you could probably stick them to your phone and get an answer pretty quickly. So we're right on the verge of being able to do your own blood test, your own EKG test, your temperature. There's also a, I have a small investment in a company that will test your skin cancer with basically something like a piece of tape. So instead of having to carve out the suspicious mole and send it to a lab and two weeks later you hear about it, it's literally a piece of tape. You put it on your suspicious thing, you rip off the piece of tape, you put it in the machine and it tells you if you got skin cancer right there. Now that machine was desktop. It was sort of like this big. But I believe the active part of it probably can shrink and shrink to the point where you're sticking it in your phone pretty close, right?

So we're gonna be so close. And I also think that there are apparently big costs. I've read articles where people are getting the cost to say hey I think it's a CAT scan or a PET scan. The CAT scan I think that if you organize differently, you know you do some things differently, if some laws change, the cost of a CAT scan will come way down to a fraction of what it is. So if you start combining all of these little bits of technology that are coming online from all these disparate sources, we're very close to being able to piece together almost a self-healthcare situation.

We'll be having doctors to my app. The interface behind that app, I'll give you more of an announcement of that at some point. But where we will be onboarding some doctors so that you could call up, you know use the app, and for a low price you can get a doctor immediately. You just pick one that's online at the moment, boop-boo-boo-boop, and you have a video call with a doctor. Now the doctor says well maybe you should test this or that and you use your devices or your phone or maybe your neighbor has a device you don't have one but you go borrow your neighbor's and suddenly you've got the best advice in the world. You've got Google to check things. You can get a second opinion also on the app. You can test your blood, test your skin, and you can sign up for a CAT scan that's 10% of the cost.

So it seems like we're very close to where we could get something like 80 percent of our health care needs taken care of somewhat locally with outside of any kind of a health care system. Then you need something like a catastrophic coverage just for hospitals and such. And I'm sure that there are many, many health care costs which could come down. And that I know I noticed that the government is also talking about lowering pharmaceutical costs. How do you lower pharmaceutical costs? I don't know what the idea is for that. Are we just telling the pharmaceutical companies to lower the cost? How does that work? Well I hope it works but it seems to me that our pharmaceutical companies should be giving us great deals in the United States and overcharging other countries to pay for it. I don't know if that's an option but I'd like to see it.

Doctor will say need to make an appointment. The telemedicine doctors don't say that because they don't make appointments. So obviously there are cases where you do have to have somebody go in to be checked out in person but the telemedicine model is not built that way. The telemedicine model is trying to fix things on the phone whenever that's practical.

I also wonder about the cost of insurance. Let me ask you this. Have you ever heard of the phrase self-insured? It refers to big companies that are so big they don't need insurance for a building for example because even if the building blows up the company itself is so large that it can afford to pay for a new building. So self-insured means that you're such a big entity that any part of you can fall apart and you still got plenty of money to fix it yourself. You don't have to pay an insurance company for that.

And it seems to me that the government has that going for them. If the only thing you did with health care was remove the profit from the insurance companies and say the government will pay for whatever you need because the government is essentially the insurance company but there's no profit in insurance from the government. They simply print more money or raise your taxes or whatever they need to do if they need more money. But there's no insurance industry profit. If the only thing you did to healthcare is say okay this half of the country doesn't need insurance because the government will act as though they are insured even though there's no insurance involved, wouldn't that take down the cost of health care 30%? Am I wrong? How much is the insurance cost on top of the actual service? It's law, right? Just 30%? High or low? I don't even know but I would guess that there are lots of gains that could be made anyway.

I'm just looking at your comments right now. That is universal health care. Yes I just described a single-payer system. But what I'm asking is why doesn't the single-payer system automatically take 30% off the costs because it gets rid of insurance? Somebody's saying 50 percent, more than 30 percent. People are saying somebody's saying 70 percent. I'm not going to buy that. The government is not competent to execute. I wonder if the government even needs to be very involved. If you have a single-payer system what, how much does the government actually get involved except for writing the checks? And they need some kind of auditing to make sure they weren't getting screwed. But if you had the single-payer system running parallel with a private system wouldn't you always know who's getting screwed? If you had those two systems they could both look at each other and say wait a minute, why are these single-payer people paying less than we're paying over in this free market? And then suddenly things would adjust.