Browse content similar to 23/03/2017. Check below for episodes and series from the same categories and more!
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Tackling America's $3 trillion medical bill. | :00:18. | :00:19. | |
President Trump faces a key vote on his plan to replace Obamacare. | :00:20. | :00:23. | |
We report from Europe's biggest technology fair on the high-flying | :00:24. | :00:29. | |
Welcome to World Business Report. A warm welcome. | :00:30. | :00:43. | |
We will be focusing on the day's global business agenda. | :00:44. | :00:46. | |
We'll return to our special coverage of events in London later this hour. | :00:47. | :00:54. | |
That is the terror attacks in Westminster during the afternoon. We | :00:55. | :01:03. | |
will talk about that in around about seven minutes or so. | :01:04. | :01:05. | |
We start in the US, where the House of Representatives will vote later | :01:06. | :01:09. | |
on President Trump's plan to shake up the healthcare system, | :01:10. | :01:11. | |
Supporters say Obamacare has given access to health coverage | :01:12. | :01:15. | |
But its critics, led by President Trump, say it's | :01:16. | :01:27. | |
In 2015, the United States spent $3.2 trillion on healthcare. | :01:28. | :01:37. | |
That makes it the most expensive healthcare system in the world. | :01:38. | :01:40. | |
To put that in context, that share of GDP is way bigger | :01:41. | :01:46. | |
Switzerland is second at 11.5%, closely followed by Japan, | :01:47. | :01:56. | |
The Trump administration wants to cut it right back. | :01:57. | :02:08. | |
It wants to stop fining people who don't take | :02:09. | :02:10. | |
It wants to stop forcing firms to provide insurance. | :02:11. | :02:15. | |
And it wants to curb government funding for Medicaid | :02:16. | :02:18. | |
The good news, this would help fill the hole | :02:19. | :02:23. | |
The Congressional Budget Office, which is non-partisan, | :02:24. | :02:31. | |
says it would bring down the federal budget deficit by $337 billion | :02:32. | :02:34. | |
The same office warns it would leave 24 million more Americans | :02:35. | :02:51. | |
without health insurance within a decade, 14 million as soon | :02:52. | :02:53. | |
It's put President Trump at odds with Democrats, | :02:54. | :02:59. | |
The House bill ends the Obamacare nightmare and gives healthcare | :03:00. | :03:12. | |
decisions back to the states and back to the American people. | :03:13. | :03:21. | |
These are the conservative solutions we campaigned on and these | :03:22. | :03:24. | |
are the conservative solutions the American people asked us, | :03:25. | :03:26. | |
This is about disease, death and suffering. | :03:27. | :03:42. | |
Mr Trump, come down from Trump Tower, walk among | :03:43. | :03:46. | |
the people, and see the damage that this latest exercise in raw | :03:47. | :03:49. | |
political power will wreak on the women, the men | :03:50. | :03:52. | |
that gives you a sense of the heated debate in the US. | :03:53. | :04:05. | |
Kate Andrews is News Editor at the Institute of Economic | :04:06. | :04:08. | |
Good morning. This is no easy task for any government. It took the | :04:09. | :04:20. | |
Obama administration a heck of a long time to get Obamacare into | :04:21. | :04:23. | |
place. And now the Donald Trump administration is trying to change | :04:24. | :04:30. | |
it and "make it better.' give us your take. They spend 17% on | :04:31. | :04:37. | |
healthcare, more than anywhere in the world. This is a thematic. They | :04:38. | :04:44. | |
have a very regulated health-care system dominated by special interest | :04:45. | :04:49. | |
groups like insurance companies. Obamacare got more people onto | :04:50. | :04:55. | |
Medicaid. Something like 44% of health spending in America is | :04:56. | :05:01. | |
through government funded services. The idea that there is none is | :05:02. | :05:11. | |
ludicrous. We are spending more on Medicaid than the NHS and Medicare | :05:12. | :05:14. | |
combined. It has not been good for the middle-classInsurance premiums | :05:15. | :05:17. | |
are continuing to write. Donald Trump is trying to repeal Obamacare. | :05:18. | :05:24. | |
-- rise. He wants to replace it with something else. What about the | :05:25. | :05:29. | |
figure that critics have thrown at him. 14 million next year will be | :05:30. | :05:34. | |
without healthcare. 34 million in ten years' time. There is no easy | :05:35. | :05:41. | |
answer to this problem in the United States. That is only the case if it | :05:42. | :05:49. | |
is only repealed, not replaced. It doesn't seem that will happen. It is | :05:50. | :05:55. | |
not politically viable. I just hope that the two political parties can | :05:56. | :05:58. | |
come together and realised sometimes it is about making sure we have a | :05:59. | :06:07. | |
universal guaranteed access to healthcare. Doing it through these | :06:08. | :06:11. | |
massive subsidies in the state has been inefficient to the people | :06:12. | :06:18. | |
receiving those subsidies. It is a problem the Democrats have failed to | :06:19. | :06:24. | |
address. What about the insurance sector, the drug sector, the | :06:25. | :06:28. | |
pharmaceutical sector? They need everyone on board for this to work. | :06:29. | :06:34. | |
My concern is who will take the insurance companies on? Under | :06:35. | :06:36. | |
Obamacare, insurance companies were the best recipients of funding. | :06:37. | :06:44. | |
Their subsidies skyrocketed. That is the question on the table, who will | :06:45. | :06:49. | |
take them on? Maybe it is President Trump. Who knows? And keep coming in | :06:50. | :07:01. | |
and giving us your analysis. This problem has impacted markets for | :07:02. | :07:04. | |
many days. We will go to Singapore and follow Rico Hizon who is | :07:05. | :07:09. | |
following the markets for us. It is the politics and deadlock in | :07:10. | :07:13. | |
Washington that is causing these headaches for markets globally. They | :07:14. | :07:18. | |
are concerned. If you cannot make this change, what about future | :07:19. | :07:24. | |
reforms and taxes? That is right. Many promises during the Donald | :07:25. | :07:33. | |
Trump campaign. It is moving at a snails pace. That is why we are | :07:34. | :07:39. | |
cautious over concerns that Donald Trump's agenda is in doubt. | :07:40. | :07:45. | |
Nevertheless, look at the Asian markets during this hour. They are | :07:46. | :07:50. | |
gaining slightly this session after Wednesday's retreat as investors | :07:51. | :07:57. | |
picked up oversold shares. In Japan, the Nikkei is flat despite a weaker | :07:58. | :08:06. | |
yen. That means a brewing political issue. That is because of Shinzo Abe | :08:07. | :08:11. | |
and his wife and the state owned land bought at a fraction of its | :08:12. | :08:18. | |
price to build an elementary school. And the Chinese markets, China and | :08:19. | :08:22. | |
Hong Kong, Taiwan, a touch higher. They are waiting on a rate decision | :08:23. | :08:34. | |
from Taiwan's bank. The US has gone down a bit over this indecision over | :08:35. | :08:37. | |
healthcare Allah sees. Thank you very much, Rico Hizon. -- policies. | :08:38. | :08:42. | |
Other news now. US telecoms firms AT and Verizon | :08:43. | :08:48. | |
have withdrawn all non-search advertising from Google, | :08:49. | :08:50. | |
as have car rental company Enterprise and pharmaceutical | :08:51. | :08:53. | |
giant GSK, according An investigation by the Times found | :08:54. | :08:55. | |
major brands were appearing next to YouTube videos promoting | :08:56. | :08:59. | |
extremist views, generating The UK-based investigation led | :09:00. | :09:01. | |
more than 250 brands The company has apologised | :09:02. | :09:04. | |
and promised better tools Volkswagen will return | :09:05. | :09:07. | |
to the unsecured bond market later when it tries to raise | :09:08. | :09:21. | |
as much as five billion It's the first such bond issue | :09:22. | :09:24. | |
since the diesel emissions scandal which has cost the company more | :09:25. | :09:28. | |
than $20 billion in fines or drones, are fast | :09:29. | :09:31. | |
becoming big business. The industry is worth | :09:32. | :09:48. | |
$2 billion today, and is forecast to soar to some | :09:49. | :09:50. | |
$115 billion in 2020. But after a series of widely | :09:51. | :09:53. | |
reported accidents and near misses, drones face an array of legal | :09:54. | :09:56. | |
restrictions across the globe. Joe Miller reports from | :09:57. | :09:59. | |
the Cebit Tech Show in Hannover. A buzzing contender in a battle for | :10:00. | :10:21. | |
the skies. One of several hundred reports for witnesses to enjoy. As | :10:22. | :10:26. | |
long as you don't mention the "D" word. This is not a drone. It is a | :10:27. | :10:33. | |
flying vehicle. It is a combination of a balloon, a plane, and a | :10:34. | :10:39. | |
helicopter. It can take off and land without any runway. It can fly | :10:40. | :10:42. | |
forward like an aeroplane after it switches to its wings. And it can | :10:43. | :10:52. | |
carry heavy weights. You can deliver water and go through a minefield and | :10:53. | :11:02. | |
removed mines. You can remove pollution as well. Many options. | :11:03. | :11:08. | |
Exhibits like this simulator are focused on how much fun you can have | :11:09. | :11:13. | |
with drone flight. But after a series of near-misses at major | :11:14. | :11:18. | |
airports, the safety and regulation of drone flight is top of the | :11:19. | :11:24. | |
agenda. One Belgium start up feels it can help. This turns it off if it | :11:25. | :11:33. | |
is in a certain location. You can choose a drone you want to fly with | :11:34. | :11:37. | |
and the application will tell you if you are allowed to ply and in what | :11:38. | :11:43. | |
type of airspace. -- fly. It is not just for amateurs. No. It goes from | :11:44. | :11:50. | |
amateurs to professionals. It can help in firefighting, et cetera. As | :11:51. | :11:57. | |
drones get cheaper and cheaper, the temptation to take to the air gets | :11:58. | :12:02. | |
ever stronger. But perhaps the future is in the hands of | :12:03. | :12:11. | |
well-trained pilots. Joe Miller, BBC News, Hannover. | :12:12. | :12:24. | |
You are with BBC News. We will remind you of the top stories. | :12:25. | :12:25. |