Health care is going digital and that could make it ‘almost free,’ says tech investor Tim Draper

  • In future, artificial intelligence will help to diagnose patients and develop the medicine required at “very low costs,” says venture capitalist Tim Draper.
  • He said medical costs have been “crazy high” for many years. “Finally, we’re going to have a way of doing health care a lot cheaper.”
  • Ibrahim Ajami of Mubadala, said the coronavirus has led to “probably the most significant acceleration of technology … we will witness in our lives” and that the role of technology in health care has changed.



a group of people in a room: People wait in line to get a 15-minute rapid Covid-19 test on November 24, 2020 in Madison, Wisconsin.


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People wait in line to get a 15-minute rapid Covid-19 test on November 24, 2020 in Madison, Wisconsin.

The use of technology is going to make health care “almost free around the world,” according to venture capitalist Tim Draper.

“Health care is completely going digital,” he told CNBC’s Dan Murphy during a panel discussion at FinTech Abu Dhabi, which was held virtually this

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Tech investor Tim Draper says digital health care will be ‘almost free’

People wait in line to get a 15-minute rapid Covid-19 test on November 24, 2020 in Madison, Wisconsin.

Andy Manis | Getty Images News | Getty Images

The use of technology is going to make health care “almost free around the world,” according to venture capitalist Tim Draper.

“Health care is completely going digital,” he told CNBC’s Dan Murphy during a panel discussion at FinTech Abu Dhabi, which was held virtually this year.

“That’s going to create health care that is almost free around the world,” said the founder and managing partner of early-stage venture capital firm, Draper Associates.

Ibrahim Ajami of Mubadala Investment Company, one of Abu Dhabi’s sovereign wealth funds, said the coronavirus has led to “probably the most significant acceleration of technology … we will witness in our lives.” The role of technology in health care has changed, he said.

“Everything from clinical trials to drug discovery,

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