>> hi, everyone. welcome to on the money. i'm becky quick. break throughs in modern medicine. from fighting cancer to what will help us all live longer. prescription for the future. follow the bouncing ball. we talk to one of the most successful coaches in the nation about building leadership. the new way to calculate your credit score. and his books sold 150 million copies worldwide. his stick figures are loved by adults and kids. we'll talk to the man behind diary of a wimpy kid. >> i really wanted to be a newspaper cartoonist.

>> on the money starts now. >> from genetic testing for cancer to life saving advances against chronic illnesses. technology brings news of medical innovation that saves lives. with more people assured under the affordable care act and better ways to protect and prevent disease, what does the future hold for medicare? he leads a $6.2 billion health care system. our cover story today, the future of medicine and thank you so much for being here. >> nice to be here. >> i know that the cleveland clinic just finished up it's medical innovation summits. what new things do you expect to be changing lives in the next year? >> one of the things is genomics and predicting genomics and beginning to change how you treat diseases genetically occurring and i think this is going to be a huge break through. >> what does that mean to the average person on the street? you might find faster ways to

cure cancer? >> we're beginning to genomically test the cancer. we've seen amazing results as a result of that. >> these are things that you think could rapidly improve in the next year? >> i don't think there's any question about it and i also think we'll start seeing a prediction of where you are as an individual and your particular risk and i predict that some day all children are going to be genetically tested started at birth. if you have a child you want to know risks they're going to have and how you influence that going forward. it's a big opportunity. >> that would be huge. but if you did know that what things would you be telling? >> if you had a risk for colon cancer, you're going to want to start doing colonscopy early on in life. if you knew you had the risk for it you would begin to do

preventive steps. >> let's jump off on the cancer portion of it. there's a new study and new guidelines for breast cancer that suggested people should start later and go less frequently. there's a lot of confusing news out there. >> the best thing to do is talk to your physician about this. some people are at higher risk and should be tested earlier and more frequently but talk with your physician. >> let's talk a little bit about obamacare and what's happened. this week we also saw that the 2016 premium rates are going to be rising for a lot of people. i just wonder from the affordable care act, what's happening and what can the average consumer expect at home? >> it started out to increase access and improve quality and reduce the cost of health care. 13 million more people are covered. as far as quality metrics are

concerned but quality stayed the same. then you move toward the affo affordability and we have seen the inflation rate in health care costs come down since 2008, they were lowest, 2.6% inflationary. >> people also say that has to do with the great recession. >> i don't think there's any question about that. probably this year it's going to go up 5% and that's probably as a result of more people being covered across the country and as a result you're starting to see that the rates are going up. now the unknown aspect of this is that there's now about 20% of people who are underinsured. so that if you have something terrible happen to you may only get 60% coverage of the medical costs. >> so they don't have catastrophic care. >> exactly. >> that's a huge issue as a physician when you see people that come in, the cost can rapidly skyrocket. >> yeah. >> just in terms of if you have something seriously bad happen

to you. >> exactly. so what we need to do is we understand that there's going to be tremendous pressure on the health care industry to reduce costs. no question about that. >> this week, the world health organization, there was a study that linked red meat and processed meat to cancer. what's your reaction to this? >> this is not new news. this is has been going on for sometime. people are going to do better if they have less processed meat, less red meat and more fish and more vegetables. >> do you eat red meat? >> i do. but not as big of a diet as i did growing up. >> we talked about drug costs lately. there's valeant that landed in the headlines for raising prices at dramatic rates. is there anything illegal -- nothing illegal being charged at this point but is there anything the government can and should be doing?

>> the question is are the market going to take it's action? are other people going to manufacture it so they don't have the capacity to raise prices. >> valeant had some that had been around for 50 years and they raised the price of those. just think about those drugs. we reduced our cost as part of trying to make more affordable $10 million in the pharmacy. those drugs that valeant manufactures increased at $11 million. >> so as quickly as you're cutting costs, higher prices from the drug companies -- >> pharmaceutical costs rose 19% in the last year. >> i want to thank you very much for being here. it's always a pleasure seeing you. >> nice to see you again. now, here's a look at what's making news as we head into a new week on the money. if time feels like it's standing

still you might be watching the federal reserve. they kept interest rates at near zero which is what most people expected but gave a strong signal that rates could rise at the next meeting if the economy is strong enough. stocks soared after the fed's meeting. the s&p 500, the nasdaq following suit. though the markets fell at the week's end. the economy grew slower than expected last quarter. the third quarter gross domestic product increased at a rate of 1.5%. that's a sharp decline from the 3.9% rate in the last quarter. it's the broadest measure of the size and scope of the u.s. economy. walmart knows what it wants under the christmas tree today. they're asking for permission to test drones to make deliveries to customers. walmart is ready to start testing as soon as it gets approval. up next, she's got game. how one coach turned a college team around to lead them to a nearly undefeated record. lessons in leadership for

winning on and off the court. and later, it's the one number that you need to know. there's a new way to calculate your credit score. what will it mean as you ask for a loan? we'll tell you. take a look at how the stock market ended the week.

there are often parallels between sports and business. fierce competition, achieving goals, recovering from failure and team work are critical in the sports world and in business. learning how to win in sports is similar to learning how to win in the board room. joining us today is someone that knows a lot about leadership on and off the court. she has been named one of 50 of the world's greatest leaders.

princeton university basketball coach, thank you for being here. >> i'm thrilled to be here. >> you inherited a team that never played in the ncaa but since you did that you lead the squad there in five out of the last six years and how many titles have you captured, five of them? >> i think it's five. going for six. >> how did you turn things around on such an incredible scale? >> the first part, getting the right people on board. that's true of any industry. staffing and players. finding the people that are going to believe in great and recognize that's a journey but great has to be the ultimate expectation. that's what we did. >> last year was a historic sell. you went 30-0 heading into march madness. that is amazing going undefeated like that. what makes for a good team and how do you find the good leaders on that team? >> the journey that is 30 games is a combination of never being quite good enough and never also being too good. we walk that line well. it was keeping them in a moment

and they did a wonderful job being fearless and relentless every moment. >> how difficult is it to not think we're coming up on 29? >> i think about 25. it's a story we're sharing. being in the ivy league. the student opportunity experience. that's very different than a lot of other conferences and institutions and that was a story that gravitated so many americans to it which was neat. >> you're dealing with the future leaders of america. how do you take the leadership lessons you're teaching them now? >> we hope we're teaching them to use their voice. we hope we're teaching them to be a teammate and understand that their piece of the puzzle is critical and to recognize that you're a part of something bigger than yourself but a team can be limiting if you always rely on the team. the individual is really important. so i'm coaching 15 individuals for team success and their

journey and that ultimately makes us good. >> is that an accountability issue? is that spending time individual with each of them? >> it's more being present to each kid and each player and what their needs are. some you have to teach them to use their voice. some you have to teach them to walk away from mistakes. i walk that line individually so that together we are that combination of fearlessness, toughness, celebrating each other, and being a part of something but each piece has to fit into that mold. >> you talk about people that don't have enough confidence and use their voice. i didn't hear you say that you have to hold back. >> no, not at all. when we get here we try to empower them that we want to be good early. it goes by fast. -no silencing. it's encouraging to be great we need them to own their potential and opportunity. >> just in terms of what you, your path for getting here, this wasn't necessarily the way you

were going to go. you didn't want to be a coach. >> no, maybe it's also not recognizing that i was a neuroscience undergrad and went back and got my writing masters degree never realizing that coaching would be a vocation and i realized that coaching is so much more than that leather ball. i'm not sure my parents or viewers understand that. but the magnitude of the leadership opportunity we have is profound at this level. >> what moved you the most? is there a story or a moment. >> i turned 29 and defended my thesis. a did a sports leadership thesis in graduate school and got a call from the princeton athletic director the same week. it was someone else almost believing that you're ready. you're ready to try this but i knew that being the best me was what princeton was hiring. i was committed to that. i still am. i hope today is a better version of me than yesterday.

>> thank you for joining us and thank you for the lessons. >> it's my pleasure. thank you so much. >> up next, we're on the money. a new way to figure out your credit score. will it hurt or will it help if you're trying to get a loan? and later how this wimpy kid became a sensation. the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. there may be a new way to

calculate your credit score soon. the credit reporting industry is working on alternative credit scores that use more than bank and credit card statements to determine your credit worthiness. sharon joins us now on your money, your future, and your new credit score. why is this happening right now? >> there's so many people that lack credit or have gone through hard times and now their credit is poor and they're not able to get credit and this is a way to look at other type of things. not just if you pay your bills on time. but other types of information. looking at your cable bill, your utility bill, looking at your checking account information, looking at how often you move and the size of the monthly payments that you make on your bills. all of that will factor in as well. >> that would help some people that are in a situation where look maybe i i don't have the credit history that other people have but are there people that get hurt by this? >> there could be. this is why it's important to

get your credit report from annual credit report.com and make sure there's no errors but you'll have to go through your cable bills and make sure there's no errors there and be vigilant in terms of paying those bills on time. so it's important but it is going to help a lot of people. about 60 million people that don't have credit will have credit. >> but if you fail to pay a bill on time for one month. there's times i've been away and maybe paid a week or two late on accident for something. is that going to ding me or do you have to do it over a period of time. >> they're new scoring systems being introduced slowly and nothing is in effect yet but this is something you'll have to pay close attention to. if it's only one time and you have been paying on time for many months or many years you've had a credit card. you call up and say i was out of town. you've seen my record. this doesn't happen that often. >> i never do that though. >> you should call because sometimes they'll say we'll make a note of that so that it won't

go on to your credit report. it's always better to call. that's the biggest piece of information i want to tell people. when you have an error on your credit report if it's something that you think is going to impact your score, if you see an error make sure that you let them know. >> when the will they be available and used and will companies look at both scores? >> so they're being introduced perhaps the end of this year or next year. they're still going to be on the same range that we have now of 300 to 850 and some lenders may look at a couple of different things. this gives them another option to look at for you and they're not clear yet which lenders are going to use which scores. >> let's hope they look at our higher numbers, not our lower numbers. >> exactly. >> up next on the money, a look at the news for the week ahead and he's one of the most successful authors of the world. how this children's book author turned diary of a wimpy kid into a business success story.

for more on our show and our guests you can go to our website. and follow us on twitte twitter @onthemoney. >> more earnings news. visa reports as do media titans cbs, time warner, and book. on monday the manufacturing report for october is out. monday also marks the start of open enrollment for the affordable care act. on tuesday october auto sales

numbers an on thursday you better pucker up. hershey begins selling deluxe kisses. and on friday it's the big number of the week. we'll find out how many jobs were created last month when the october jobs report was released. how does writing a few best sellers help you sell books? the stick figures and humor that make up the diary of a wimpy kid sold 150 million copies down the globe and lead to three films. one is out on november 3rd. i got the chance to speak with him and ask him how he began his career. >> it started as a failure. i wanted to be a newspaper cartoonists and i worked at that for years and i didn't have the skills to make it. i thought how can i get my cartoons into a format that people will read and i decided on groups. so i came up with this character

and spent 8 years on it before i brought it to an editor. >> it's amazing in that -- i understand the appeal. but what's crazy to me is its been translated into 45 languages. this is just a universal issue. how did you tap into that? >> have no idea. sometimes i sit across from a kid in madrid spain or maybe in brazil and we don't share a language or a culture but we share these stories. that's what we have in common and it's that we have childhood in common. it's the universal language. >> are you this character? are you him? >> he's the sum of my worst parts and amplified too. i have lots of thoughts and flaws and greg is a man f manifestation. >> his town goes unplugged, electronics free and greg has a hard time with that.

>> you started a video game company too. >> yeah. sometimes i feel like i'm like books and turn off all electronics but then have this other life as a digital person so i have a good balance. >> so you're not even joking about that. you have now opened an independent bookstore. that's two different personalities coming out on either side. why did you open this small bookstore. you opened it in massachusetts in a small town. >> a town called plainville. it's called an unlikely story. it was a realization of a dream. there was an old market there from the 1800s and we had to take it down and we built up this nice three story colonial and put a bookstore in it. people are coming from miles around and overseas to visit this store and it's cool to see people walking down the streets. kids hold a book in their hands and looking happy. >> most people would say opening an independent bookstore. you're about 50 years too late for that when you look at amazon

and everything happening. is it something that you can make a profit on and second of all is it because it's a bookstore or your bookstore. >> it's a combination of everything. bookstores tend to run at about 2 to 5% margin. you're not going to get rich off of it but when you look at my town and this small town that's choked with traffic and we have police details it makes me feel like there is a need for this. they're not there for my books. they're there because they love books. >> do you feel that battle still taking place? you are pushing video games and the independent bookstore and books being made into movies. you're a multimedia guy. >> yeah. i have learned to adapt to it. >> do you think you'll ever write a book that has a different character? maybe a girl character? maybe do something like where you go and write adult books now? is there ever something that has appealed to you in that?

>> i used to think i was an adult author. i wrote it like a nostalgia piece. >> it applies to adults too. >> you're the audience i was striving for but i found out that i was a kids author. i know what i am now and i'm going to stick with kids. >> thank you for coming in. it's a pleasure and good luck with the book. >> i appreciate it. thank you again. >> that's the show for today. i'm becky quick. thank you for joining me. next week, student debt keeps soaring. find out the best path to get the college loans paid off. each week, keep it right here. we're on the money. have a great one and i'll see you next weekend.

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