Steve Case has some advice for President-elect Donald Trump on how to fix the American healthcare system: “Unleash entrepreneurship.”
Case, who is the co-founder and former CEO of America Online (AOL), tells Fortune’s Susie Gharib that a lot of entrepreneurs are “scared away from healthcare” because it is complicated and heavily regulated. But, he thinks Trump can get more innovators to focus on improving healthcare by making “it easier for them to be disruptive.”
Case hopes that some of that disruption will happen outside of Silicon Valley, a point he makes in his book, The Third Wave: An Entrepreneur’s Vision of the Future. With help from Washington, he predicts that in the next decade entrepreneurs will launch startups in cities in America’s heartland in a movement he calls “rise of the rest.” It’s not unlike Trump’s promise to bring back jobs to the rust belt.
“I think we have to have a little less of the Silicon Valley arrogance that all the smart people are in Silicon Valley and the great innovation happens in Silicon Valley,” he says.
Case encourages the new Trump administration to drive more capital to the entrepreneurs working in so-called “flyover country.” He says the payoff could be huge: “That will create more jobs and lift up more communities, so people will feel part of the future and not left behind.”