sfwlnchts hi, everyone. welcome to "on the money." i'm becky quick. your money or your health. a difficult choice and an alarming trend people with insurance are making paranoid about privacy on the internet you should be. tips on protecting yourself and your information lessons from dad when it comes to investing the father/daughter team with a common sense strategy to help with your money. and want to see what $250 million will buy oil billionaire boone pickens is selling the old homestead. you have to see this to believe it "on the money" starts now this is "on the money", your money, your life, your future.

now becky quick. >> we begin with the ever-rising cost of health care. a study found even people with health insurance are deciding to skip doctors visits and medical tests. it is because of a fear of the bills that will follow they're making a choice of cost versus care. it is this week's cover story. >> you know, health care is very expensive for us. >> the affordable care act was signed into law eight years ago, but for many medical care today is less affordable than ever u.s. health care costs keep rising, to more than $10,000 a year per person in 2016. >> do i worry about the cost absolutely and it is challenging to figure out which doctor i can go to it is almost more trouble to go to the doctor than it is to stay hem and deal with it. >> a new national poll conducted at the university of chicago found people are skipping recommended medical tests or treatments because of cost. >> sometimes i do that i decide not to go to the doctor

because of the extra cost. >> over the last year, 44% of america americans said they didn't go to the doctor when sick or injured even though 80% of those had health insurance. >> my health insurance is good, but i'm worried sometimes about the deductible because sometimes it can be high. >> the same poll found americans fear medical bills more than serious illness. 33% are extremely afraid or very afraid of getting seriously ill, but 40% say paying for health care is more frightening than the illness itself. >> i do worry about it styles, but, you know, you have to do what you have to do. >> the cleveland clinic consistently ranks among the nation's best hospitals in the nation tom is the ceo of the cleveland clinic i want to thank you for being with us today. >> becky, thank you for having me. >> does it surprise you to hear this, that even people with insurance are choosing to skip medical care because of the cost >> well, there have been so many changes in health care landscape

in the united states that this news is not entirely surprising, no. >> maybe not surprising, but you'll guessing as a doctor it toss concern you what are the consequences of people either delaying or skipping medical care, either over the short term or long term >> one of the most important consequence is skipping the medical care or delaying care ultimately impacts the quality of care, impacts the outcome, and untimely visits or delay of the visits to the physicians ultimately leads to the increased cost of care because the cost of care is not delivered in a timely fashion. >> you know, medical costs are one of the few areas where there is still so much opaqueness. you're not going to know how much you're paying until sometimes months after you have received the care. that's because we don't know how much care costs, how much procedures costs, and there's not really good ways for people to shop around for those issues. >> the part of the problem here is that the health care tends to be very, very complex and every

patient typically requires a number of procedures or tests to be done. so it isreally difficult to estimate the upfront cost of care. >> maybe the upfront cost of care is tough to say, but i can say if i want to get a mammogram or cat scan, i can't even tell you how much that would cost because at different facilities the exact same test using the exact same equipment is going to cost something different. >> you are absolutely right. i think there is an absolute need for increased transparency when it comes to cost and this is one of the mandates for our industry as a whole. >> what is the cleveland clinic doi doing to try to help medical costs get lower? >> we are constantly looking how to make our care more accessible and more affordable and of higher quality there are a number of things we do in our daily work one of the probably most important measures is to standardize the procedures of care when we reduce the variability

about the way we take care of patients, we tend to de-reese the cost and improve the quality of care we mean. >> what does it mean a real world example, for somebody to has beento the cleveland clinic what's a place they might see lower pricing as a result of some of the things you talked about? >> for example, one of the common conditions is back pain back pain is the condition that millions and millions of americans suffer from. we have been able through a standardized approach to treat patients with the back pain, reduce the number of unnecessary surgeries. through that also decrease the cost of care and improve the well-being of our patients. >> we've had years of battles in washington over health care. a lot of different federal approaches to some of these things we've seen obamacare come in, we've seen the repeal of some of that by the republicans. do you think that we will see lower health care cost at some point based on something the

federal government does or is it more likely to come from private industry, maybe something like what jp morganne and berkshire hathaway and amazon are teaming up with? what do you think will be the best solutions where do you think they will come from? >> i'm firmly convinced the best solution will be the combination of both approaches the government role in health care is necessary, a regulatory framework exists in every developed country when it comes to health care, but the speed of coming up to the right decisions is oftentimes delivered best in a private hands and through private providers and non--for-profit organizations. >> thank you for your time today, doctor. >> thank you for having me ♪ now here is a look at what is making news as we head into a new week "on the money." americans were busy shopping last month retail sales increased by .6 of a% sent percent in march, whic

double what was expected the dow had two big up days early in the week, climbing more than 200 points on monday and on tuesday after strong earnings reports, though it took a bit of a breather later in the week the nasdaq and the s&p 500 pretty much followed suit. the markets closed lower on friday mortgage rates are on the rise 30-year fixed rate mortgages hit a four-year high climbing above 4.4%, the highest level in four years. mortgage rates in part are determined by interest rates and by demand in part. if you have amazon prime, you are hardly unique. the company says it has more than 100 million subscribers across the globe prime members pay $99 a year and can get free two-day shipping among many items under other perks. fearing paranoid about the internet lately? we have steps you can take to try to save safe later, investing 101 how to save for the long term if you fear the stock market. ♪

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♪ welcome back, everybody. many of us are feeling a little paranoid about the internet. lately it seems like every week there's a new data breach, hack or security issue. so how can we stay secure online without completely unplugging? joining us right now is dan ackerman of c net, a technology news website the company recently launched a quarterly news stand magazine. thank you for joining us. >> thank you. >> i get creeped out about it. is it as bad as we think it is >> it is bad, but you don't want to be completely cut yourself off from the internet. >> let's talk about facebook the user data breach that has

become so public, they've been dragged in front of congress to explain the issues we know it is a problem that a lot of information got out there. facebook themselves told us this, but not many people are cancelling their accounts. what should you do with this scenario, with this information? >> the problem is facebook has gotten so big and we use it in so many parts of our lives it is past the tipping point, that it is more trouble to get off than stay on it no matter what they do. >> what should you do? should you limit what you post online what's the answer? >> you can go into the facebook settings and limit a lot of the stuff they share about you or target you against, but you have to find those settings to their credit it is clearer now than it was maybe a year or so ago they have a pretty good privacy information page that takes you step by step through a lot of what you do, but you learn disturbing things like we can track where your phone is, your carrier is, the serial number of your phone. >> be prepared you are giving allot away. i think about it with computers, everybody has cameras focused on

them, on their phone, you have alexa listening. should you do things about, put the tape over it. >> everybody does. zuckerberg apparently does it. i asked a bunch of security expert for the paranoids guide to the internet what they should do i got conflicting answers on this so it shows there's not one answer perfect for everybody most people actually said, you don't really have to worry about putting the post-it note on the webcam because webcam hacking is a targeted attack. >> right most of us are anonymous maybe it makes sense for ducker berg. >> if you are a spy or something it makes more sense. you also have to worry about the camera in the phone you are sitting out there. that's sitting out there if you have a post-it on the webcam but if you feel comfortable with it, do it. there's no harm. >> what about progress when it comes to passwords, when it

comes to thumb prints, facial recognition, what is the best and what should you hope for >> the problem is everyone has to have so many passwords that they end up reusing the same password. >> don't do that, right? >> do not do that. for years i resisted and for years i had to break down and go i have to have a yu neck password for everything. >> especially for money sites. >> if you have one that is ends up on have i been owned which is a website you can check yourself again. if there are credentials, a bad actor will put it up against a lot of web sites, and if they get a big hit that's a problem you can use password manager, some people like them and don't. generally they're secure. >> some people write them down on their desk and tape them up. >> it is not a terrible way to do it. not to put it on a desk but my mother would write them down on index cards. the physical security of the piece of paper may be better than the electronic security

than in a notepad file on your phone or e-mailing it to yourself. >> that's right. >> physical security. >> dan, thank you very much. come back because i'm always freaked out by these things. >> my pleasure sorry to freak you up. >> thanks. up next, we're "on the money." does the matter of investing your money make you uneasy you're not alone we have tips on how to overcome your fear of the markets later, it is bigger than a lot of cities. the massive ranch that was built an owned by energy tycoon boone pickens. guess what it is for sale, if you have a little bit of extra cash

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♪ if you're just saving and not actually investing, you are setting yourself up to lose money in the long run. that's one of the lessons danielle town learned from her dad, investor and author phil town danielle knew she wasn't the only one confused about money, so the father/daughter team started a podcast and now have put the lessons in a book called "invested. i want to thank you both for being here. >> thanks for having us. >> good to be here. >> danielle, i love you're a corporate attorney and your dad was in the financial business but you were still unsure what to do with your money when it came to investing. >> absolutely. and so many people feel like me. i had no clue what to do and i avoided listening to him about what to do. >> we all avoid listening to our parents. >> exactly when i saved up a little bit of

money i thought, what am i supposed to do they don't teach us this stuff in school, yet we feel like we're supposed to know these things about financial markets, about investing. >> we hate to admit we don't know it. >> we hate to admit it so we don't ask questions. we started a podcast where i just asked him every question i wanted to know about, and i think that's why so many people started relating to my story, because i'm asking the questions they wish they could ask of somebody who honestly has to tell me the answers or i will torture him for the rest of his life and he does it for free and has an actual interest in me coming out of this successful, so it is a special thing. >> yeah, it was brutal. >> well, if i'm somebody who really doesn't know anything about it if i'm just trying to figure out the first step on this, what lesson would you give them what advice would you give them to get them on the path. >> first step is to rec nields you have a big problem for the average person 45 years old right now, they don't realize in order to live a

modest lifetime they will need $2.5 million put away 20 years from now that's out of reach for most people as a result saving won't work. as danielle learn tlaed a thieda thing called inflation that affects your savings. >> without you doing anything wrong, it is crazy, and nobody teaches us that. or at least i missed that lesson. >> it is also compound interest. you have to start early. >> it is compound interest and it is working against you, inflation is starting against you. you start early and get the benefit of a big hockey stick curve of money increasing. the thing people don't realize is investing is a process that you have to begin with your kids, you have to begin them early. you got to teach them to save a little bit of money, all of the things everybody knows they should do, right but you have to do it yourself if you don't do it yourself, your kids won't do it either the weird thing is i do that, i'm a professional and she still didn't do it, right. >> it is a scary thing as a parent are we preparing our kids?

>> yeah. >> i wasn't prepared it took me a long time to learn some of these things. >> look, i couldn't get her to change a tire, so, you know. >> what did you make her do first? >> first thing i made her do is try to figure out -- first thing that worked, right, that worked was to figure out how -- what things she really liked that she was paying money for, things she was buying what are those companies doing so she got hook into it by looking at whole foods so it is connecting her values, what she talks about in terms of what she likes and doesn't like in the world to where she is spending her money what really connected was her recognition that putting her money into a company that's doing the good things that she appreciates in the world is a vote for that company to be successful down the road. >> sure, sure. >> and if you are giving your money to somebody else to make the vote, they may not have the values you have. >> right. >> that's the thing that connected. >> let me ask one question danielle, how old are you? >> 36. >> how old were you when you started this process. >> >> i was 33 it was about three years ago.

>> is there a point where it is too late >> no, there's not a point where it is too late, but the rule of compounding works less and less when you have less and less time, right? >> so it is easier the earlier you start. >> it is easier earlier. if you start really early you can invest in indexes and come out well. >> i want to thank you both for your time. appreciate it. the book again is called "invested. up next, "on the money", a look at the week ahead. plus boone pickens has put his texas ranch up for sale. you are invited to the open range open house next. >> there's only one like it in the united states. crest 3d white removes... ...95% of surface stains in just 3 days... ...for a whiter smile... that will win them over. crest. healthy, beautiful smiles for life.

♪ sfwlnch here are the stories coming up that may impact your money this week. on monday we will get existing home sales for march on tuesday the s&p 500-case-shiller report comes out. that reports looks at home prices across the country. on thursday we will see how many durable goods sold last month. those are items intended to last at least three years it is also bring your kids to workday. the 2018 nfl draft will kick off from at&t stadium in arlington, texas. on friday, the first read of the first quarter gdp will be released it is a broad measure of the country's economic activity. boone pickens turns 90 last month and he has decided to put his massive texas ranch on the market

as robert frank found out when he got the full tour, it is a property unlike any other. >> we've just touched down on the $250 million estate of investment financier boone pickens. >> robert, welcome to mesa vista ranch. you have a 6,000 foot runway that can take just about any plane you want to bring in. >> how big is this property? >> 65,000 acres and i would love to give you a tour of it. >> guiding us on this open range, open house outside amarillo is the billionaire's right-hand man jay rosser. >> it is some of the best looking property we think in the state of texas if not the country. >> as we headed east, our first stop was the main residence. >> the house has 12,000 square feet of living space, 4,000 square feet of porches this is what we call the billion dollar deal. >> that's a good day when you can start out looking at that view. >> a little glimpse of paradise. you know the old saying, you can never go home again. if you're boone pickens you can get the home brought to you. >> boone grew up in this house

>> this very house it was literally split in two, driven from southeastern oklahoma boone's entrepreneurial instincts started in this house. he grew up as a child wanting money so he had a newspaper route. let me show you where he hid his money to keep it away from his mother so she never knew how much he had. >> that's where boone's first fortune was hidden >> it is where it was hidden he never went without money again. >> it does not include boone's old home in the asking price, but it buys a sprawling golf course and this giant house b t built for hunting dogs. >> that's not just the nicest doghouse i have ever seen, it is one of the nicest homes i have ever seen. these dogs look super fit. >> hunting season is 120 days and they're in the field 80 of those days. >> quail hunter is huge at mesa vista and many of boone's guests come from all over to do just that, and they stay here at the

epicenter of the ranch. >> the lodge itself is 33,000 square feet. >> as we headed for the study, boone's favorite spot in the lodge, we got a surprise almost as big as the ranch. the tycoon himself >> of all of the things that you've achieved, is this ranch one that is your proudest? >> yeah, you bet you know, people haven't been on it, i'm not going to pay anybody $250 million well, come and look at it. >> well, they have to have a couple of days to do that. >> and they've also got to have a boone pickens' size fortune to afford it. >> now, boone started that ranch in 1971 when he bought a little tin hunting shack and a plot of land to hunt quail like much of his career, he turned that patch of dirt into a property worth a fortune like he said, like no other. i mean i've been to a lot of homes. never seen anything like that. >> just the idea that it takes days to really get a full tour of the whole place, i've heard there's a church on the property, too.

what is that like? >> there is a little chapel they had built and he got married there and his son got married there. just think about it. if you are a family with a lot of kids, you can have all of the weddings there and the place pays for itself because you don't have to pay for, you know, weddings. >> almost, depending on how much you're spending on a wedding robert, it is a phenomenal piece. love getting a glimpse of this and happy almost birthday to boone. almost 90. >> absolutely. >> i'm becky quick thank you for joining us next week, how much will retirees need to cover their health care cost the number is frightening. we will talk about it. each week keep it right here we're "on the money. have a great one we will see you next weekend ♪ bbalance.can throw them off try align, the #1 doctor recommended probiotic. with a unique strain that re-aligns your system. re-align yourself, with align.

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live at the nasdaq markets on expiration friday the guys getting ready behind me here is what is coming up in the show. >> i'm so excited! i'm so excited! i'm so scared. investors are anxiously awaiting the rest of fang earnings next week there's one name in the group that could have them running scared we have details. plus ♪ fire >> energy stocks have been on fire, but there's something in the chart that suggests the run is about to cool