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Prognosis: Misconception

Gift Cards for Your DNA Data

Prognosis: Misconception

Bloomberg

Health & Fitness, Science

4.1838 Ratings

🗓️ 23 May 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

On our latest episode of Prognosis, reporter Kristen V. Brown sells her DNA data to the highest bidder. Health data has turned into big business, but Brown quickly realized she wasn’t about to get rich. In exchange for an Amazon gift card or a few shares of marginal value, companies promise to use your data in the quest for better healthcare. 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

What could you do if your data was working for you and not against you? With Bloomberg delivering

0:07.3

enterprise data directly to your systems, you get easy access to the details you want, optimized for

0:14.1

higher level analysis, and financial data experts committed to helping you maximize your every move.

0:24.0

Our data is made for more, so you can show the world what you're made of. Visit Bloomberg.com slash enterprise data to learn more.

0:30.9

Collecting and selling your data. Data is the new natural resource of our time. It's the most

0:36.1

sought after information on the black market.

0:39.3

Now as more and more patient information is shared on the internet.

0:42.3

The lists are being sold.

0:44.3

We don't know who is buying them.

0:46.3

It's not just Facebook, it's Google, it's Amazon, it's also insurance companies, retail companies.

0:57.0

Believe it or not, when you go to the doctor,

1:00.0

the data from that doctor's visit

1:02.0

is often sold to companies that have nothing to do

1:05.0

with treating any illness.

1:07.0

Electronic records companies, labs, pharmacies, insurers, they're all selling intimate data about you.

1:15.0

It's not only big data, but big business.

1:19.0

Welcome to Prognosis, Bloomberg's podcast about the intersection of health and technology and the unexpected places it's taking us.

1:27.4

I'm your host, Michelle Fay-Cortez. Thank you. and technology and the unexpected places it's taking us.

1:27.5

I'm your host, Michelle Faye Cortez.

1:33.5

This week we're looking at a new kind of healthcare data broker.

1:37.2

These companies don't just want to sell your data.

1:40.3

They're also willing to pay you for it, but that's not really the point. Stay with us, and we'll tell you what these companies are really after.

...

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