mike leavitt, george w. bush in 2005-2009 and, of course, governor sebelius was under president obama, 2009-2014, specially during the affordable care act years. but also oversaw the center for medicare and medicaid services, and thus we're going to talk about some. governor leavitt was deeply involved in implementing medicare part d are both were vigorous proponents for the reauthorization of chip, the children's program, and got it done. in some ways i think your perspective as governors having to administer especially things like medicaid will bring a particular insight. so it's my pleasure to introduce to very close friend of the aspen institute both with, whether last summer, while the help will be there again this summer. governor sebelius and governor leavitt. [applause] >> thank you. thank you very much. you once said, governor leavitt, when you were the secretary that use of medicare and medicaid may be drifting towards disaster. how did you help stop that, and our we still any problem that could ha

leavitt right now. the biggest thing is that some of the world's biggest polluters -- china comes to mind, india comes to mind -- aren't ponying up money. they've got a commitment, i think, on the part of china to look into this, but it isn't necessarily doing anything about this, right? >> i've actually had direct conversations with senior chinese officials where i have asked them do you intend to take this seriously and begin to deal in a way that would reduce your carbon foot print, etc. , and they -- they're talking a good game, but the reality is their biggest priority is the creation of 25 million jobs a year, and they know if they fail to create those jobs, that it creates disorder in chinese society. i don't think they ever have an intention of being able to obligate themselves to this kind of commitment. i think they have pressure at home to clean up the air, but it's not going to happen in this kind of an agreement or in this, in this way. neil: you know, as you've indicated in your days runni

>> coming up, the falldown from china's surprise devaluation, will it affect the fed's timeline and mike at leavitt is here, tackling the monumental changes happening now in the health care industry. >>> plus detroit on the rebound? the mayor of the motor city gives us a checkup on detroit's revival. yes, revival. a new sea chance to tryew look. something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. >>> boy, did china surprise traders overnight, devaluing yuan. earlier this morning, boris schlossberg told us it could put the rate hike on hold. he's ceo of principal global investors. jim, nice to see you again. >> good to be here. thank you. >> what do you make of this move in china? do you agree with boris this could push the fed further back? >> well, firstly, i think the devaluation, surprise traders will be interpreted as a sign that maybe china is slowing more than perhaps some people thought, so the soft landing of the bulls will be un