A recent announcement of massive funding toward precision medicine by President Obama administration is prompting a bearish sentiment among medical businesses. Tom Maniatis, director of the Columbia University Precision Medicine Initiative, discusses the future of precision medicine as it relates to treating deadly diseases. Subscribe to TIME ►► http://po.st/SubscribeTIME Get closer to the world of entertainment and celebrity news as TIME gives you access and insight on the people who make what you watch, read and share.    • Playlist   Money helps you learn how to spend and invest your money. Find advice and guidance you can count on from how to negotiate, how to save and everything in between.    • Playlist   Find out more about the latest developments in science and technology as TIME’s access brings you to the ideas and people changing our world.    • Playlist   Let TIME show you everything you need to know about drones, autonomous cars, smart devices and the latest inventions which are shaping industries and our way of living    • Playlist   Stay up to date on breaking news from around the world through TIME’s trusted reporting, insight and access    • Playlist   CONNECT WITH TIME Web: http://time.com/ Twitter: https://twitter.com/TIME Facebook: https://www.facebook.com/time Google+: https://plus.google.com/+TIME/videos Instagram: https://www.instagram.com/time/?hl=en Magazine: http://time.com/magazine/ Newsletter: time.com/newsletter ABOUT TIME TIME brings unparalleled insight, access and authority to the news. A 24/7 news publication with nearly a century of experience, TIME’s coverage shapes how we understand our world. Subscribe for daily news, interviews, science, technology, politics, health, entertainment, and business updates, as well as exclusive videos from TIME’s Person of the Year, TIME 100 and more created by TIME’s acclaimed writers, producers and editors. The Problem And Promise Of Precision Medicine | TIME null