how. >> i am gerri willis and tonight on the "willis report." , a key -- obamacare wrasse with the healthy young people now they are told don't sign up into capitalist groups occupy wall street joining wall street with a prepaid debit cards loaded fees does your dash ke you dizzy? consumers are reportg problems of the new software. tonight on "the willis report." gerri: kicking off on our

show with users guide to obamacare for the white house clamors to get young people to sign up for the obamacare exchanges the young adults think they will live forever in don't even need health insurance but even if the president can sway the generation to sign up can they afford to pay for it? we have the president of generation opportunity. if you look at the price i want to show people this first because the sticker shock is unimaginable. the premiums for the 27 year-old nonsmoker in omaha looking at the bronze plaque and the lowest cost premium $26 per month the barack, '01 hundred $90 per month, charlotte, 18 you get the picture is far more

expensive for the young people and the young men. what do you make of it? >> you are right the cost under the obamacare exchange will be significantly more than on the private market. the whole premise of obamacare is to make yonder and healthier people pay more so the six people can pay less it is a bad deal for my generation why they will opt out. gerri: so you tell people do not be insured? that seems like a bad deal. >> we encourage people to make the best decision they can to opt out of the government run exchange and by health insurance that meets their individual lead. they should b the $26 plan on the private market in philadelphia it is $75 vs

195 inside the exchange. >> i hope those policies still exist becse now the government requires a range of services and if you get those policies the deductible may not fit the bill. had you thought about that meeting the minimum standards continue to be sold outside of the exchange's. you cannot get a subsidy if you buy those. the subsidy will be very small and t penalty is small compared to the low cost high deductible plan of my generation. gerri: you call this generational or redistbution that they are

paying for the older and sicker people but haven't they dylan people then free riders? then they end up in the emergency room to gethe services. >> 96% of young people that are not insured do not have a chronic condition. we're not freeloaders we don't use that much. the promise of obamacare ligase send out jennifer hansento trot out the celebrities because otherwise it would make no sense to pay two or three times as much. gerri: in to talk about the celebrities getting some help that pearl jam would tweet you could make sense of that check out health care taken from the you are not immortal. >> and now it is open in

every state do not wait another day to get covered. melissa, scott, president obama can really hang with the celebrities to get a lot of support and i think that is appealing to the young people but at the end of the day, my analysis people save $95 a month? i would rather pay the fee with the find rather than $332 a month for obamacare. >> no doubt people will opt out the matr how funny they are or the videos are how popular pearled gm is. the matter how funny they cannot sell young americans on the deal that is terrible for them economically also the massive data hub that will take in all kinds of

personal information about young people they don't want any part of this creepy big government scheme to take over our health care to charge a smaller. gerri: we really don't know. deal on the administration did not tell us just how many people visited the web site so people could have went there in workshop to at what they saw a and went away. you are running for congress in pennsylvania? >> iran last year to give voice to the next generation obviously sometimes they put before them deneration now i run the nonprofit to fight to empower the next generation to take control. gerri: i think they have lots of power they just need to flex their muscles. >> i agree. gerri: now what do you think ?

is obamacare a good deal for the young people? go vote and i will share the results at the end of the show and every user's guide continues what to watch out for. a step-by-step guide to signing up in what you will find if you log on it you choose to participate or not. this time they try to occupy your wallet the movement demonizing big banks so enjoys them offering finigan 9% the prepaid debit card. the irony here is delicious. tell us about these prepaid card. >> i almost did not stop laughing occupy wall street is now in the business of the prepaid debit cards.

the marketing angle is this is a card for the 89% let your voice be heard the craziest marketing angle i have ever heard. the only way to compare a good or b prepaid debit card is will get the laundry list of fees and if you look at this with occupy wall street, they are pretty ominous and it is so funny how they tried to back you out then they show you the amount and then say we are sorry it is not our fault. gerri: we are showing those fees right now. $2 to speetwelve le agent $9.99 for the card replacement. really? in the policies described it

is not because we are a space stout heart but it with its huge dollar fee they cannot afford it costs money to issue the card. welcome toapitalism and this is our works you have to have money to make money. >> they checked though dubious kid in had a right to the content i am so sorry. i am so sorry. not my fault. [laughter] forty-eight dollars per month the way you use the card. the prepaid debit card is not consumer frieny. the american express bloomberg card -- a bloomberg card has said small fraction of the cost but deathy structure wipes out the occupy wall street.

gerri: they pick the financial product that is the pond scum what you most want to avoid what helps you that it gives you a note advantage nobody learns anything about your background you don't get established good credit for sure. what are they thinking? you have got to wonder about the the initial sophistication and just where the movement is going. >> it does speak volumes of the legitimacy of the movement not only ironic they introduced a prepaid debit card also hypocritical. i would have respect if they had not done this. what they are not talking about is thepartnered with wal-mart for the

implementation of the card. said the companies that are in the top 1 percent. exactly it just gets funnier they are not without humor and down wall street keeps on providing content. gerri: they will go public. they will launch themselves. [laughter] what will their ticker symbol be? >> ows. [laughter] they already have that #. >> still to come consider say it makes them dizzy the batter life is so short we will tell you how to fix these problems in the boarding of low interest rates for a long time to come, is he right? we are on their.

we are on their. next.@áh%h%k%k%k5

the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon.

gerri: the head of the largest bond fund tim coe says expect the fed to keep interest rates low for years to come for right now the market forecast expects them to be 1% higher by late 2015 in what percent higher by december 2016. he said that against that joining us now is the ceo of schaefer asset management you agree? >> we talked about this last week. our economy cannot sustain higher interest rates we're in dade tea leveraging the environment this is what happened in japan. it is not new. >> bill gross but is he

talking to advantage his own investment? >> that is a great question. he did have a great run but i do believe it will stay down for a long period of time. if you just think about a week of $4 trillion in the economy cannot get going. >> but december 2008? >> but sevener eight years ago the fed fund wwuld be zero a the interest at zero% you would laugh. it shows how weak the econy is with the underlying tone to keep the down. gerri: talk about what happens to americans. four-point 3% for money-market funds thinking very much.

people who are out there are getting killed. >> they are penalized the people who didn't write who wanted to save for retirement and live off interest are being hurt that is the dislocation the reserve cuts into the system. a loss of buying power of all these people to spend money that sregates the economy the rich get richer. gerri: had one day political discussion but i do care that are you predicting a deflationary cycle? will be something like japan? >> ll get the price of gold but people will start to sell all asset glasses because they are not making it a deadly the stock market will turn negative. what will they do?

there is a lot of opportunity to buy in and sell goods. gerri: they keep the family's love in your view? >> no. but they started t process but then they would pump 70 in the cold the heroine thank but then they trickle into the stock market. gerri: like alan greenspan with the punch bowl then we paid the price. do we need to have a dramatic ratcheting up of rates? >> no. the economy cannot handle that regret this point it will do whatever it does because they have done everything they can ian. this is the velocity of money it is not changing hands it is half of what it was. gerri: that sounds technical >> my going back and forth. it is not moving.

gerri: date you for coming. more on obamacare with this game to watch out for tuned how did you do that? we will tell you how you can deal with the problems with the apple operating system. customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm ppy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics.

[ engine revs, tires squeal ] [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrier. introducing the cla. starting at $29,900. ♪ so ally bank really has no. hidden fno hidden fees.accounts? it's just that i'm worried about you know "hidden things."

ok, why's that? well uhhh... hey daddy, what's your job? daddy's a uhh florist. are you really a florist? dad, why are there shovels in the trunk? there's no shovels in my trunk. i see shovels... you don't see no shovels. just am. well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally.

gerri: you are looking at a live picture outside the west wing of the white house you cave in see the camera is set up with congressional

leaders are expected to walk out at the moment. they have been speaking with the president about 40 minutes about the government shut down to come to terms with what to do next. keep anything happens they could walk out or stop where they could block by but we will be on its four you. that is the west wing we will follow it. did you so if your apple iphones do you hate it? a lot of people do. we have solutions joining me now we have the senior editor one thing that everybody is complaining about is they get dizzy. >> i don't know where that comes from maybe some of the

background is animated? gerri: that is it but speetwo anybody that has got an sec? >> you can change this it does not have to do that. >> i don't know how to change that. gerri: just go into settings is the choice. >> that is the great the there's a lot of hidden settings if you just know where to go they will all help you solve the things you don't like about it. gerri: what has some merit? >> sorry about that. there is my telephone ringing. the number one gripe. [laughter] right during the segment. the battery life is a little bit short. >> is not so great. >> i always have a car

charger in my car or the office or at home but when you start to mess around with the background application refresher in settings you can tell it which ones you do not want to be refreshed the lighting is it why bother to go out. gerri: didn't run sam on your battery. what else? >> initially i did not know how to shut down applications. i will show you how to do it i was playing a age birds. -- angry words. here at the krome browser you double tap them you collect. gerri: i don't take we can see that very well. there we go.

>> i wanted to shut down the application of what are running down the battery. gerri: is that just number seven? >> they have done that for a long time in sometimes an application will get held up the ante want to stop it but then if you do is the double tap you would x out that this way you just flip a bit off the screen. gerri: and did you are done. think you for coming. incredible piece of software if you can use a. turning back to the user's guide in obamacare including a step-by-step guide if you like to do it. a warning that obamacare is becoming a gateway for the skimmers to get your information. stay with us.

thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't . by clinging to the past. and with that: you're history. instead of looking behind... 80 thousand of us investing billions... in everything from the best experiences bew... to the finest comforts above. we're not simply saluting history... we're making it. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely.

our commitment has never been stronger.

♪ >> from our fo business studios in new york, here again is gerri willis. ♪ gerri: continuing our users guide to obamacare, the launch of obamacare online exchanges has become a launching pad for online scams. he without to protect your personal information, christopher buys. great to have you here. as a whole set up of obamacare, these on-line exchanges, to pull websites. it is tailor-made for scam artists, isn't it? >> it is. first of all, you don't have just one site to go to. you across the country have hundreds of legitimate sites. that right there creates an opportunity for people to inject malicious sites. gerri: and are they. i am shocked at what i am seeing

online. use a one of the things to protect yourself is to not to add google search for your state website or the government website. how so? >> the search engines are not prioritizing the official size anymore than third-party sites were potentially even scams sites. right now if you look online through a search engine you are finding the official site results are getting mixed up with some of the stories about side seven problems. your best bet is to start with the federal government's official site, the health care side. gerri: i agree. that is the sub you want to go to. here is what is amazing. when we started out with help for homeowners and all of the obama administration programs for homeowners who were in trouble, those things became objects of scams, people trying

to give money. now you can kind of tell those. then misspell the presint's name or something is wrong. it's pretty obvious that it was not a real sight. now the looked totally real. >> and in some cases if you look at the state site and you look at a legitimate third-party sites, the official state site will look like this campsite. it's professionally done. gerri: really? they look like they're not open for business. >> in some cases, yes. i show my wife one site. i won't name the state, but i showed it terror. she said it looked like a total scam. gerri: the usual things and look for. is this a legitimate side or not may not work this time around. you really have to go in the front door. anything else you would say to protect yourself?

what else should i be doing? >> a couple of things. even when you're on a legitimate site, be careful of some of the instructions that are being given. i have seen legitimate third-party sites encouraging people to do dangerous things. print out an application and e-mail it back. that has all your rsonal information, and e-mail is a post card. don't do that. the other thing is, this is where they mature security product can really help something like transmigrants titanium ore and other security company product. it provides multiple layers of security. we can protect against the spam e-mail, the bad sites. multiple layers. gerri: thank you for bringing this to us. a lot of people are trying to figure out what's going on.

thank you so much. >> sure. thank you. gerri: you will just find these on the on-line exchanges. there are scams in all shapes and sizes. that list is tonight's top five. number five, the medicare scare tactic. the aarp report is seniors gone about saying they received phone calls warning that medicare is going away. you have to sign up for obamacare. this is not true. this is a lie. don't respond. number four, fake obamacare websites that we just discussed. the pennsylvania health exchange site was not drawn by the government and has been shut down. number three, the bogus navigators. these people opposing as someone trying to assist you, but they are actually just stealing your identity. number two, phony phone calls. calling people trying to confirm eligibility for obamacare and must have your social security

number to do it. the number one obamacare scam is obamacare cards. they don't exist. is not like an aarp card or driver's license. you don't have to have that. bottom line, ignore all and any and posted phone calls. the same holds true for e-mail. federal agencies don't contacting. and we come back we will tell you how to keep your nurse from keepingou off an airplane. more of our users guide to obamacare as consumer reports shows us their latest research out you sign up for the exchanges step-by-step review howdy partner. you're not linda. i'm filling in for officer owens. she used double miles from her capital one venture card to take an early vacation. buckle up.

let's go do cop stuff. [ siren chirps ] license and venture card, ma'am. was i going too fast? oh, you'd be going twice as fast if you had double miles. [ male announcer ] get away fast with unlimited double miles from the capital one nture card. freeze! don't touch the face! can i drive? absolutely not. what's in your wallet?

♪

gerri: well, and our users guide we take a look at the important questions you need to ask yourself. here with what you need to know, a senior editor. welcome to the show. people are so curious about these plans, what they might expect when they get on to the right website. let's talk about the breakdown of these plants. platinum, gold, silver, bronze. >> think of an olympic medal. bronze, silver, gold. a few platinum plans. there will be quite expensive. a bronze plan you will pay less up fnt and premiums. when you use the plenty will pay more in out-of-pocket expenses. silver, about equal. gold, more expensive up front. ey all cover the same

services. gerri: that is mandated by law, the services that have to be covered. the idea is that bynum will cover 90 percent of your cost and you have a high, high monthly cost. you're out of pocket cost wou be low. want to talk about out of pocket expenses because i don't think there's been a lot of conversation about that. talking about deductibles. that's what you pay out of pocket, but there are other out of pocket expenses as well. less talk about some of those. >> a dollar amount, $30 copay to go to a doctor. $10 copay to get a prescription. usually with most of the plans i have seen once you hit your deductible you might be paying a copay for a while until you hit another important number. the annual out-of-pocket limit. once you're paid cost sharing that adds up to that you are done for the year. the insurance company pays for everything.

>> is different depending on the plan. the most to can be is $6,350 per year, and that's if you have a catastrophe. you are topped off at tt. gerri: this is your out-of-pocket limit. it is limited. cal insurance. >> that's like hospitals, a 20 a 30%. gerri: i know people just want to look at the monthly premium and say i can afford that, no i can't. e devil is in the details. and the subsidies, have you get them, what you do, how is this going to work? and of the irs is involved.

phil of the application. the machinery will work. it will tell you what the subsidy is. think of it as a gift certificate. you can apply to any plan the change you want to buy. gerri: is that real money or is this that deduction? >> you can take it right away oh wait until tax time. if you take your right away the government will send that amount of money to the insurance company the pick. you pay the balance of your premiums. >> it goes straight to the insurance companies. gerri: up to $45,000. as the individual limit. 94,000 for a family of four. this phase out pretty handily as

you get to the higher income levels. >> right. gerri: okay. we were talking about places to go that of the agenda for affirmation on these exchanges. after tell you, you can really make a mistake. global obamacare exchanges and try to find your state exchange. it is a disaster. your organization has some great information. >> we have an online tool, interactive, free health loss. it is anonymous. answer couple of questions and you'll be told exactly how you fit into the health law. gerri: are you keeping your information? >> no. gerri: everyone is worried. i have to ask. and it is helper. i know people want information. gerri: appreciate your coming in and telling us about it. thank you. >> thank you.

gerri: tomorrow on our users guide, open enrollment. is not just about obamacare. private plans. what you need to know, plus, this friday we will be devoting the entire hour of the willis report. we will take phone calls, e-mails got to read speed read you won't want to miss that. send us the tweet, let me know what you want task. live on the show friday. still to come, afraid to fly but don't want to stay on the ground tips for those of you who are too nervous to get on the plane. stay with us. ♪ bny mellon combines investment management & investment servicing,

giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. gerri: calling all nervous fliers. expert tips on how to conquer your fears on your

♪ gerri: day number two of the government shut down, and lawmakers are still at odds trying to agree on a solution with none in sight. president obama meeting with top lawmakers from both sides. rich edson joins us live with the latest from the white house. forty-five minutes of meetings. how's it going? >> it has been going on for some time, longer than we thought, especially when the billing on this for the white house is that there were no negotiations which would take place. republicans have given no indication that they plan on changing the tactics. neither democrats. alice is voting on those smaller stopgap measures, funding measures for the viejo and to keep the national parks open. the senate says that will rejected. all that is going on down the street from something that was

not posted be that much of the negotiation, they have been in there now perhaps longer than an hour. gerri: two is in the room? >> you have the congressional principles, folks who have been up here a number of times of for dealing with debt ceiling in government spending in funding. top republicans and democrats in the house and senate, senate majority leader, house speaker, senate minority leader, top democrats in the house. gerri: of fall room. one of the expectations? the rhetoricround this of the last couple of days has been unbelievable. is it possible to are we to hopeful to think something should happen tonight? >> i think so, and because there really is nothing forcing either side to give up. both sides think in some respects they can still possibly move this along. there is some unease in republican circles, saunders -- cumbersome michael grimm had a meeting.

that might be the type of event that would cause that. does not seem like we're there yet. both sides going into this meeting sticking to their guns as if it were a week ago. gerri: what is interesting about this i think, and you mentioned this system is so eloquently, they have not been talking. maybe this is a breakthrough. it has really been both sides lined up facing each other and not having the secret negotiations that you normally expect. december ended january. they ended up working something out. before you knew it they had a

tax deal done, all these other deals done, and that was it. you have not been hearing about any of that on capitol hill. the speculati on this from a number of watchers, number of people on the hill and around here in the white house is that this is an exercise to get everyone to gather. said they are not going to negotiate. republicans, that's what they're looking for. we expect perhaps the house spear might come out to the cameras after words. we might hear from some of the folks afterwards to see what's going on. going into does not sound all that helpful. gerri: we appreciate your time, and i know you will be right back if anything hpens. let us know. >> absolutely. gerri: thank you. well, from one white knuckle event to another. when you fight the you feel more than just butterflies in your stomach? this just the idea of flying leave you iraq? we have some help. joining us now, ceo of fare compare. i bet you never had this problem.

>> my wife and i still when they're is a big bump with turbulence we th like each her. hey, what's going on here. i fly so many miles. i'm so used to it now. about 25 percent of the flying public has some form of anxiety about flying. some of them with phobias, you know, remember him during monday night football. the only place he could not take it was a white. a lot of people to have a fear of flying. gerri: what do you do? >> for the most part it's about the fear of the unknown. so one of the things is to get the facts. a lotf myths about flying. we can talk about those. if you get the facts the next thing is to understand the process. if you are the first time fire, understand the airport, crew, process, security procedures. if you get familiar with those things, and once you have the first flight most people tend t3 get over it. until you become a frequent

flyer and then is not the fear of flying that the anxiety of the issues that occurred that out of your control. gerri: preparation is key. i remember sitting next to a young girl who looked scared to death. i engaged her and started talking about something she was really interested in and try to divert attention. that helped. >> richard branson is a great book. and also, sunglasses put on the you can go through. you can chat that certain -- a with people that have the same issues. a lot of great resources. the internet is a double-edged sword. some people think they you can open the doors on a plane. actually, the pressure prevents them from being an open and less your captain america or something. you know. gerri: i didn't know that. the me ask you this.

this year flying. let's stick with that for a second. you mentioned something that i think is true. you may not have a full blown fear of flying, but if they're is a lot of turbulence i think everybody on the plane i scared and nauseous. valdez steady yourself to something like that? >> well, you have to know that this can occur and if you read the facts and know what turbulence really means and what is actually going on, there are certain cases, but you should know that you should keep your seat belt on. there turbulence. i've seen people hit their head on aircraft that i have been on because did not have their seat belts on. so again, if you sit up in the front of the aircraft typically gets a little more smooth. popular mechanics to a study over 20 years of data. is 300 times safer to fly than it is to drive. the back of the plan is actually

safest. over the last few years 95 percent survival rates which is few and far between. gerri: thank you for coming on. i feel more, ready. ank you. we will be right back. is obamacare a good deal free and people? stay with us. ♪ customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics.

...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

here he is. >> control of the house. we sent four different proposals over to our democratic colleagues in the senate and they rejected all of them. we asked for conferences sit down and try to resolve our differences. they will not negotiate. tonight's conversation, polite conversation, but at some point we have got to allow the process that our founders gave us to work out. we have appointed conferees on the house side to sit down and

work with the senate colleagues. it is time for them to appoint conferees. all we're asking for here is discussion and fairness for the american people under obamacare. the president and my democratic colleagues in the senate, i wish they would listen to the american people and sit down and have a serious discussion about resolving these differences. gerri: that was house speaker. you just heard him exiting the white house. sitting down with the president and other congressional leaders discussing the government shut down the we have been talking about. he said it will not negotiate. democrats will not negotiate. he said conferees should be appointed, and what he means is he wants the senate to appoint conferees to getogether on this issue of the shutdown. he says all we're asking for is a dcussion. the republicans are not being accommodated by the democratic party here and that they will not negotiate. it is entirely possible that

other people, and 110 statements as well. it will be watching that on this network all night long, believe me. thank you for joining us. that was tonight. have a good evening. ♪ lou: good evening, everybody. it took some of our greatest generation to break through and visit the world war ii memorial that had been closed by the obama administration. the veterans that uc air chose not to put up with the administration is nonsense, made it clear to all that they would be seeing the monument no matter what. a monument created to honor their service, sacrifice, and the national park service announcing moments ago that they had been instructed to reopen the world war ii memorial to veterans after those veterans demonstrated that the ban would not work anyway. the president, democrats