neil: you have a lot of angry philosophers out there. but you right be right. bottom line, it is happening that deadline is close. maybe they will resolve it, maybe not. see you. l have it tomorrow.@ here ces "the willis report." gerri: tonht on "the willis report", a big change in the w that we view obesity in america. but already warnings that wil make us een fatter. and new problems with the obamacare help exchanges. millions at risk of having no health insurance at all. and getting greries for free. we are watching out for you tonight on "the llis report" ♪ ♪ gerri: our op storytonight.

it's bng overweighoverweigh t annulmen? the american medical assiation think so. voting to classify obesity as a disease. their decision could have a wider impact than just one third of americans who are obese. here to weigh in is the ceo of vital springsechnology and director of the nework cardc center. welcome to you both. doctori'm going to srt witith you. is being overweight a disease? >> no, i think it is an addictn. i think that it does nothing in do to hold people accountable for their beavior in terms of overating and serious addictio it is a road into this country's productivity andcalling it a disease thatan be detrimental. >> you disagree. why is that? >> it is a disease.

the definition is an abnormal condition that interferes with bodily function. the ameran college of cardiology has faied in the assement that it is an integral object and hormonal coition. i hink calling it a disease would beelpful because we want people to be treated early. weewant to work o diet. gerri: there is a whole nancial aspect to ths. let's get to that effect them. i want to know if the ama says that obesity is a disease, what does that mean in terms of how it is treated, if it's not a condition, it is a isease. what does that mean as a practical matter. >>he ama's guidance has no ruling regutory effect. it is a suggestion. but it is not by any mean changing regulation so that tomorrow morning people can start chargi or coding obesity as a diagsis. i believe that the uidance is

significant. i will not sagree that obesity is a significant metabolic problem. but it is a predisping coition with diabetes and hyrtenon. if you start calling it a disease, are weoi to call smoking addiction a disease? gerri: okay, so say that i'm overweight. cannot help it? at the end of the day, doctor steve, what you seem to b saying is we can change all of that was just a matter of getting somebody to make the right choices in the marketplac but no everybody can lose a lot of weight. >> i think f you work on diet and exercise, that is a step in the right direction. i agree with the fact that legally doesn't change anything morrow. but if we look at the discussion on theews and mdia today about obesity, people are more aware of it. what we are studying in cardiology a couple of years ago, it shows that obesity alone, not including hypertension or any of the other faor sucas cholesterol.

it increases the rate of fatal heart attacks in men by 60%. not a gallbladder disease is giving it the right credit than deserves. gerri: i thinkt is well known thateing overweight causes physical health problems mental health problems. people seem to be sayi that if we just raise awareness abt obesity, b that is a great thing. people know that overheating causes obesity. they no lack of exercise causes obesit they seem to be mang their n choices here. how does th ama effect that? >> a lot of arketing campaigns, look at mrs. obama's campaign. it's nothing but just a marketing campaign and it has not put a dent in reducing childhood obesity orthers. there are number of things that have to happen. you must have stricer regulation on food manufacturers, regulations in

terms of salt and sugar composition. ultimately you have to hold people accouable to their behavior. yes, there is a genetic predilection. gerri: should it be the law, or should people make their own choices? >> i think eople need to make their own choices. but if y have the insurance company start covering it, people can go to a doctor, thy can get more monitoring, more motivation. maybe hey candevelop and its cheaper to start early on and get these things going been waiting 10 or 15 years down the road, which includes hypertension and high cholesterol, diabetes. it's cheaper to do it earlier u. gerri: we are showing people now e medical costs. $1429 higher than for an adult with normal wight. doctor, is this something that should be covered by insurance utinely, and what doest mean

obacare rule?ll under the >> insurance companies are going to pounce on the opportunity to charge for obesity as a diagnosis. because it only enables them to help cover the risk and the cost that are predisposed withigh blood presre and doctors are going to hope that a lot of things that they may be doing w, in termsf counseling, they really don't have a diagnostic code, but at the end of the day, you may also get consumers who fll back on the system and say now that it i a diase, i will let would let the system pay for it, jus like i will with diabetes and pertension and don't have any personal accountability. there is that risk gerri: can you respond t that ifou would, please? >> i think tha the doctor will be able to motivate thepatient more where th patie can't alys afford see the doct, they will be able to come to the doctor if it's covered.

if the doctor is successful, he will prevent the most expensive proble of heart attack down the road. if we can get them to a doctor who is really going to push them, i thinkt will work out better. gerri: that is interesting conversation. thank you both so much for coming on. a great conversation. now we want to know what you think. who is responsible for the obesity pidemic? e government orhe people. launch erriwillis.com, vote on the right-hand side of the scre. we are not done yet. coupon crze is taking off with young urba profssionals n expensive nehborods. an extreme coupon clipper and he pays thoands of dollars doing it. joining me now is edward daniels, an actor who just landed a role in the netflix series house of cards. here's what don't understd. you are 32 yrs ld. i am used to little old ladies pushing grocery carts and

offering coupons at the register. what igoing on here? >> started to comingack in the fall as a way to save money. i started watching one of the popular couponing shows. i was curious as to how these people wersaving so much money. in making these deals happen. they started to follow their research technique and i did it on my own and i have been doing it ever since. it looks like they say thousan of dollars on groceries and other care items and such. gerri: some of your neighbors think that you are harding. have you taken it too far or is it a real benefit in your life? >> it has been a benefit. i have not become four-door at all. i buy only oneoing touse. anything i get or free, i donate to shelters and food living in washington dc, wlive in a bubble of very expensive real estate and very expensive cost of liing. this has been a great way to

save money and find a way to save mey and improve cash flow. to be able to do what i need to do with my money and other aspects of my life. >> i think everyone is looking for ways to do what you just said. to conol your spending. be the master of it instead of being forced by the grocery stores and retailers and everyone else to pony up the dough. you want to takeontrol of i and do ityourself what are your strategies, your best strategies for doing that? >> the first thing is to stockpile coupons first. i get the sunday paper and i get extra copies. so they are going to be in my building. i get extra copies of the sunday pape every week. i have my coupon binder here. they are organizing a binde everything is righ here. been keeping up with sales, the circuls from the retail stores every week.

he basically mapped the coupons with the sales. you can also stack coupons. you can use that on top of that. also, the little store cards that many of us neglect to grab or to use. discount rewards card. you end up saving at least three times less the amount of the retail pricce a store. gerri: what categors he said most and? >> lately it has been groceries, especially with the sales gng on around the area, groceries have been amazing. have a week where i probably spent r saved about $500 on the grocery bill. okay probably 10 or $15.4500 bill that week. it has been awesome. personal care items, body washes, shampoos, feminine care products, which are gog to a men's shelter in the also to the women in my family. the one that is fantaic.

edwards, thank you for coming on tonight. it is a great story. i love to he about people that are taking controlof their life and in making decisions thselves on spending and saving money. thank yo >> thank you. gerri: we have more to come this hour, including one about the technology in your ar. in a series of setbacksor obamacare. why the law may not be ready to be rolled out by the start of next year. stay with us. yohurt mfeelings, todd. i did? when visa signature asked everybody

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gerri: it wabulldozed through, but the rollout of obamacare is way behind schedule. according to the government accountability office, some of the health insurance exchanges cod even myth the enrollment deadline. with honest, we have tom miller, a resident fellow of the american enterprise institute. are you surprised that this was running late at all? >> no, the gao were very cautious in saying that there is

nothing proven that this would be ready to go there have been deadlines missed. the series headlines are coming up later this summer in october. a lot of the question is execution, whether or not this exchange of data actually cover this until you actualy test it out and make it work. that is a serious issue. being able to market it so people don't know much aut the law, that theyren't interested in the product. gerri: that is absolutely part of the problem. some people don't even wanto be involved. what about this problem. apparently the obama administration has said that the $400 million that you give is to start the exchange we need more. 1.5illion. come on, every time i turn around, this is costing more and more money. >> that is correct. they're trying to find every penny that they can come up with. theyave done a lot of creative budgeting. just like the need for more funding fofor the irs to find ot

every piece of information about u. the rger iueill be with premiums look like. so the people who are supposed to be paying more in order to cross subsidize eryone els it is more likely eay enrollment and peple have nowhere else to turn and there is going to be a problem to make it balance out the. gerri: aetna is saying that they are not going to be selling individual health insurance policy in california because they just can't compete on price. here is my worry. worry is that a lot of insurers are going to back away from the system. in different markets, in different states. it is going to be really exexpense. are we in a situation now where we have unintended consequences and insurers don't want to be about? >> to a degree. some insurers will be willing to take on new business. but for folks who ca continue to stay inthe larger employer market, they don't need the hassles. the unknowns for the regulatory rest are basically offering a

product below cost. thinking that they could do so over time. we are going to get less competition as a result in tthe insurance providers. gerri: it was supposed to be just the opposite. >> that is right. if you want to regulate peop yoyou should have people set up for that. gerri: i think you have a very interesting point of view. we are seeing local governments downsizing because they cannot afford to cover their own people. >> well, if you push people into a corner where you are asking to do something that they can't afford or t want to do, they won't necessarilyave the next best alternative. the local government act like employers can handle this, if they can't handle this, they will have to take these ste.

one of the ways is to reduce the hours so they on't qualify as full-time employees and don't have to be insured. they have to make their budgets one way or the other. some of them will have to it before filing for bankruptcy. the. gerr salt lake city utah plano texas, thank you for coming on. i appreciate your time. >> you're very welcome. gerri: later on the show we wiwl take a look at a aspts of your retirement. and next we answer the question, how do you do that. tips on reaching elite status. stay with us. [ phil ] when you have joint pain and stiffness...

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gerri: elite stus in frequent flyer programs can give you a lot of extra benefits. many including incentives to switch loyalty to another airline. how do you pay airlines against each other t to t th best poible benef joining me now is tom cours, tell us how these status matches were. what is that? >> well, they have been doing this for about 20 years,aybe lonner. if you are an ite status pers, that means that you fly an average of 20,000 miles or more. 50,000, 75,000, 100,000 miles.

if you're one of those elite status people and you want to swit your loyalty to another program, let's say you ae with american do you want the united -- you can usually just a minute your last, wt we call your frequent flyer statement. show them that you have flown so many miles. show them your status. they are very eager to get yr business. lately they have been charging you to join. gerri: will the way that? >> you know, if you tell them they have a choice betwn delta and american, you know, they may. it is just one of those things wheryou can always negotiate with theairlines. gerri: as you re saying, united is raisin the a late status. $2500 a year. so when does it make sense to go

for this elite status? >> they could have to do with a lot of frequent flyers and those who qualify. it like, you need to say that i'm not going to put up with this anymore. i ve in new york, i go to l.a. and san francisco. and i have american and delta and virgin america. and i have thos choices. and you know, after a few rounds of akamai that united may step back and say thamaybe we should not do it or maybe united is hoping that the other airlines follow suit like they did back in 2008. gerri: so alaska, u.s. airways, delta,all of them offering these elite status matches.

it seems to me thathis is really the cash cow for the airlines. they love these people. they want to hd onto them. they will do anything they can to keep their busness how much levege do you have when you're talking to these airlines and you are a weed status? >> i don't think we have too much. it deends on if you have your own agent. they are going to get to know you, they wil waive the penalty than the surcharges, ty will do a lot with a hundred thousand. you are just a number in the system, you obably don't have too much weight. if you fly business class to europe or asia, i promise you that they will be kissing up to you everyday. one thing that you have to remember is delta and some of these aiilines, smeof them include westin and sheraton and if you have an elite status, and you can get it with other

cocompanies wich gives you free upgrades and free wifi. and think vice versa. they will match your level as well. gerri: d't just ork it with the airlines, also worked at what the hotel peoole. i love that. tom, thank you for coming on. we appreciate your time. >> thank you. rri: just because u have learned elite status, which airlines should you avoid? that is part of tonight's top five. number five is tiger airways based in singapo. more than 20% of ts earnings. this irish budget carrier is notorious and not jetblue, but jet to. and number two is a legion.

in the umber one most greedy airline s, you get the spirit. nearly 40% of the airline money comes from fees, including $100 for kerry on, $200 to sit up front. three dollars for water. and $10 to print your boarding pass. that is such an insult. the number one based on percentage of earnings, united tops the list of bestsellers. they bring in close to $5.5 billion. it's all about how you count it. coming up next, looking at you and yor money s the fed makes its prediction for the u.s. economy. where shou you be investing in what should be your priority when it comes to saving for retirement. should your kids education topped the list. exclusive tips after the break.

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ask your doctor about crestor. [ female announcer ] if you can't afford your medicaon, astrazene may be able to help. >> from our fox business studios in new york, he is gerri willis. >> it is full speed ahead of the federal reserve as ben bernanke says he's not taking away the punch bowl, not yet. but there is an end in sight. looking out for your money tonight with investment ws to make for the party ends. the author of investing in the age of soreignefault and how toto prerve your wealth in the coming crisis. peter, thank you foroiningus. so b bernae is saying that we are nott making a big move just yet. but we could before the year ends. what are you telling people at they should be doing right now?

i would not change ny strategies. i think tt they are not going to do anything this yr. i also think that we are in an age of deflation rit now tt is gloal. i'm not really sure taking away the punch is going to have th much effect once it happens. the market disagrees with me. gerri: that isan interesting poinof view. it's easy foyou to say tha nothing will happen this year. but how can you be so sue? >> you cannot be sure. but i do not think the fed will ta away the punch bowl till 2014. that is what i meant. gerri: okay. >> that is when they will start. they have honestly createda public-relations proems for themselves. the majority of the mark is basically hanging on every word. gerri: that is absoluty right. there is story in "thewa

street journal", there has been about at is going to do next, the rket goes up ordown on the news. you know, you'retalkng about don't change your strategyright now. and yes, in the last two weeks we have seen bond investors, pulling out almos $18 billion. loos of fear that the bull market bonds is over. whatou have to say that? >> i don't know if the bon are that exciting. t i would've said that anyway. i thik that they needlessly or moving money. ere are you going to move it to? if they put it in a short-term instrument, they have nothing. they could move it tthe stock mark, althou they did not today. that is reallyhere i would prefer to have most of my money, in the stock marret and n large global corrations that can fit from the accelerion of

technology that we are seeing. basically that we can deal with the u.s. and other governments and all of their increasing regulations. gerri: peter, and you for coming on tonight. i appreciate your time. interesting point of vie one that is slightly different than the norm. we appreciate that. thank you for coming. >> it is my pleasure. gerri: it is time now for a look at stories on fofox business.co. stocks on today after a slightly more optimistic outlook for the u.s. economy. investors taking it as a hint that it was near reducing its stimulus program. the dow jones dropping more than 200 points in the three digit swing. andthis is to acept an offr from this thing. this network says the scndal continues with the iis.

despite furloughs and the sequestered. the irs irs sying that they have to hand out the bonuses as part of union contract. and do you know this guy? >> you will like the way that you look. i guarantee it. gerri: well, he is not loving the way the men's warehouse has let him go. they gave no reason for the abrupt firing of men who built men's warehouse from a small texas for with 1100 locations. those are the hot stories right now on f business.com. and onto retirement, folks planning for retiremt, it is important to make sure that you are set financially. with us now is charles schb with an exclusive look at the list. >> tell me what should be the

priori? >> multiple priorities of folks are working on. the first thing that you really need to look at is ocussng on saving for yr retirement. specifically i would tell peop that you need to be saving enough and the company planned to take full advantage of any match thatour employer is tting in there on your behalf. gerri: what is lower down n t list? what should be the priority? >> pay off high interest rate and it gets a lot of people i trouble. i follow that up with an emergency savings bond. it is critical that you have th set in place and i would recommend that anywhere from 83 to 86 months living expenses. when i look at how many peopl took mon out of their 401k to pay for living expenses, thi%

might surprise you. 34% of people do at. >> you also recommend to ca that 401kfor a first home purchase. where is that on your list of priorities? federal reserve itself says that most people, when they retire, the biggest lump of cash value is really in our house. at is whe americans put their dollars currently. >> that one might surprise you. they talk abot saving for your child's education and savi for a down payment on aahouse. were looking at how do you optimize ths savinns for the best return on investment. with that in mind, college savings actually include saving for a down payment on a house. >> i'm surprised by that. you can only save for retirement, but your kids should save for their own college education. i thinwe need a whole rethk on that topic.

you know, you have so interesting stufand i thought this was interesting about timing investments. everyone thinks that it will work out. and if you do that, you will make a ot of money. if you invest at the same time, like clockwork every year, you'll make 171,000, 149,000, you stay in cash, and catherine, have decided this is critical. i think so many viewers he done this. $66,0, let's talk about tt. >> well, we received far too much about t last few years, people sitting on the sideline, trying to wait for that day. what's most important is the consistent strategy using dollar cost aveaging. the numbers seem to pan out d show that that is where you will have the best results. we really recommend a long-term

approa where you are investing on a consistent basis the one that makes perfect sense. one more question, i know you talked about this. if you have a short-term goal you want tbuy a house, what is the best place to invest that ney? >> well, it is a short-term goal, you want to make sure you are investing in something where you haveccess to it when you need it. particarly important is emergency savings. if ts something that could be one to three your goal, you want to look f an investment where you're going to get a reasonable rate of return, but not tying up your money for too long of a period of time. gerri: a cd? where would you pua? >> that is a great eample. >> catherine, thank you so much for coming on. it is great to see you. >> thank you. gerri: our coverage of retirement continues after the break. not you have your financial plan in order. what aut preparing your mind for t goldenears?

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♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned witmy ventureard to erase recent travel purchases. d witha few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? gerri: well if you are responsible, you spend a lot of timelanning your financial future and your financial security and in retirement. we just talked about it our last segment with charles schwab. but what about emotional security? psychologists are saying that we need to spend as much time planning what we are going to do in our golden years as we spend planning how much we we will

need. i wantto start with this idea because i think this is a pressure cooker fr families. what do people have to extd the retirement deadline for? maybe they plan to retire at these deadlines and they can do it and how do you deal with that feing of, oh, i hve to keep on going every single day. what you do? >> first of all, the emotional and ecological portion, all of this over the last 10 years, it has been very hard pressed. so many people have lost a lot of money with their other things that come with it. it is not such a bad reality to use that as a transitionary time

use that time to devop passions and a hobby in which you can do something that you have dreamed of. so the bounce the idea th the economicecessities mean that you have to work. with the idea of following your dreams. >> people i know the retire the old fashion way, whichis to say that they don't work anymore, they find it very frustrang as well. one ofhe big pressure cookers is the marriage. >> yes to people have to prepare for a marria that has a retirement in it. as well as theyhave to say it is 24 hours or more as you get this emotional. gerri: burst of upcoming have to

be very respectful. means that you have have quality discussions is another aspect of preparion and planning. those things have to be taken into consideration. it makes you have something to look forwardto. what other emotional planning do i need to do? >> you have to feel as though you are doing something important. you have to have a passion, whether that's in volunering, reinventing yourself making model airplanes, whatever you decide yohave to have a passion that keeps you going. something at makes y feel important. and you have to keep up your social connectons. when you're at work, ou have naturallsocial conections.

gerri: is it easy to do? >> is easy to do. when you are not retire, that becomes very lonely spirit you can't live that way. you have to have friends and family around. doctor, thank you for coming on. >> we have more to come with my "two cents ore". hospitals, even your car, we will take a look at the dangers of technology in your car cong up nex. yohurt my feelings, todd. i did? when visa signature asked everybody what upgraded experices really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travevel a lot and umm... [ male announcer ] at visa signature, every upgredxperience comes from listening tour cardholders. visa gnature.

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gerri: science-fiction colliding with reality, growing concern ov more cars becoming dependent on electronics to run. it turns out that your vehicle is at risk of being hacked by cyberterrorists. withoneness we have lauren with us. >> thank you for having me. gerri: this cannot be a reality. >> when you think about this, everyone wants wifi. who would notant wifi in the car? and then you think about how do you download this, like sirius satellite radio, coing in, that is all information coming into her car. gerri: cars look exactly as they have for years and years on the outside. onhe inside they are disabling computers. >> that is right, betwe 20 and

24 computers, depending upon the car, even a basic bottom of the line car is going to have a ton of microprocessors. have antilock brakes, you have airbags. navigation. eversingle thing in your car including the seatbelts have little micoprocessors. >> are local matters and other things as well. >> and that quires a computer. >> the story talked about the possibility of cyberterrorists, mang you have a car accidt. maybe everybody on the expressway have had a car accident at the same time. >> it is possible, belie it or not. some kid sitting in some other country, they haveothing else to do. they ave broken into some pretty impressive buildings. and they have argued proven that a couple of independent companies, you can actually access unlocng the door, eavesdropping on the conversation which really scares

me. in addition to this, you can make it accelerate or shut the car down. the worst part is if you have an accide, the bubble disappear after the acciden there is no way to detect it. >> there is no way to detective. but they do have a cyberdepartment. they have 12 employees. the one that doesn't make me feel so good. but the reality is there's, the thing that's going to happen before we have some kindf big cyberterrorist bought is that these are going to use your card open your ar and break in and steal it. >> that's right, theyan steal things that are inside of it, they can manipulate your vehicle, although manufacturers are also coming up with firewalls. ford has it, all the germans are even working on us. every single car manufacturer is

fighting to be the first one to say that we have the most secure vehicle and you get that ability to have a connected part. not just a bigger bag of worms in that respectbut also some aspects. aunomous parsing that you will not necessarily be driving and then somebody could hk it. gerri: exactly. thank you for coming on the show. it is good to see you. >> thank you. >> onto the stay in business. in 1978, remembegarfield? he made his omic strip debut. created by jimavis, chronicles the li of garfield and a league. today the comic strip is featured in roughly more than 2500 newspapers and journals.

garfield has been the subject of books and mies and tv shows and is one of the hottest in history. the lasagna loving cat and his friends run into a billion dollars in merchandise anyway. and he holds the guinness world record for being t world's most widely syicated comic strip. it started today, june 19, 35 ars ago. we will be right back with my "two cents more" and the answer to question of the day. who is responsible for the obesity epidemic. stay with us. there is a pursuit we all share. a better life for your family, a better opptunity for your business, a better legacy to leave the world. we have alwayselieved in this pursuit, strivi to bring insight to every investment, and integrity to every plan. e are morgan stanley. and we're ready to work for you.

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gerri: in response to the obesity epidemic, the american medical association voted to recognize obesity as a disease and recommend that a number of measures should be put in place to fight it. two is responsible? years with some of your posting. obesity in most n all cases caed by consuming more calories than our bodies can burn. a less active view of the less

food you can consume. it is as simple. personal responsibility, nothing to doith the government. we also asked the question on gerriwillis.com. 3 percent said t government, 97 percent said the people. finally tonight, my opinion. in the park avenue salons here in new york cityhere the rich and the gather, one of their favorite targets are the obese. people who are overweight. sometimes people carrying just a few extra pounds. this attitude ever lot, and i am not fond of it because not everyby can completely control their weight. despite the whispers and the jokes, extra pounds is not a sign of laziness or ineptitude. sure, i would like to see all of uschve our ideal weight. for the chronic disease is sometimes associated with heaviness to go away. diabetes, high bloodresse, all that. what i s here in new york is a bias, chauvinis, a prejudiced attitude toward people who are overweight, and tha is masquerading sometimess a desire to help the little people

give me a break. that is my "2 cents more." and that is it for tonight on "the willis report." thank you for joining us. do not forget to record the show to catch us live. have a greathththththththththth. see you tomorrow. ♪ lou: good evening, everybody. thank you for being with us. president obama and some -- there reserve chairman bernanke gave talks today. the president i berlin, bernanke in washington. their performances are not well received by their respective audiences. today marking the seven consecutive dayhat t dow jones industrial average moved triple digits. the dow jones induutrials plummeted more than 200 points on the day. th sell-off was driven by investor frustration and some disappointments at the remarks of fed chairman ben bernanke. bernanke delivered a statement full of seemingly positive elements, a continat