if your pill isn't giving you the control you need ask your doctor about non-insulin victoza®. 's covered by mt health plans. neil: ♪ ♪ neil: using pets to market health care lot to live did? i am neil cavuto. welcome, everybody. i am neil cavuto. but to put into perspective and it seems every day we are pelted with new information to support with the president says but what

republicans say, when nextel says there is much to wiedmaier but also not to buy a fair and balanced i hope that is a fair and balanced look at the affordable care act. coverage for pre-existing conditions. know where lifetime coverage caps. that is great. kids can stay on the parents' policy through 26. if you like your kids. even republicans will tell you that is admirable. but they are not free. you have to pay for this. but if it sounds too good to be true probably is. now we find out will be an additional 30 million americans and removing lifetime caps it stands to reason they will charge you

for it provider know why these premium hikes are so shocking and i am no apologist for insurance companies i have plenty of knockdown drag out fights but they are not charities. but that key point to bad things. premiums are skyrocketing to cut back on coverage because they cannot afford the coverage. 6 million americans have lost their health plan as a result. even allowing for the 2 million previously uninsured americans that are insured of these 4 million fewer have health insurance now. that is not the way it was supposed to go. the cbo estimates the law

will cut workers by 2021 maybe because those laws are onerous or at the very least cutting back their hours. reports of huge disruptions and insisting that they might be temporary issues but performing better is not like the laws they are navigating getting more appetizing. young people are not signing up with the numbers they should but the president said they will. i ate the assume he is more privy to this information but he also said if you like your doctor you can keep it but there are credibility issues but we shall all the good box and that is how this comes down the health care law the promises utopian benefits but with a

the rocketing costs for everyone because ultimately this is what is happening. good intentions yielding bad things. companies dropping coverage from insurance companies suspending coverage. the trajectory could change but certainly not enough of the right to people. no doubt that the law is bad for the overwhelming majority to did have coverage that pay more in to get less. so for those 90 percent who were getting it to help the 10 percent that are not and here is the kicker most of those uninsured are not lining up in droves that leads me to this. for what? so these are barking up the wrong tree. they are cute but that does not become law it any less

catastrophic. but they are cute. now we try something different to watch the rollout even more closely next generation and tv correspondent and reason foundation director coming and a restaurant owner, a small-business owner owner, dr. let's start with you. i've they doubt what i thought were pros and cons of the president hopes the curve will bend his way. do you see it? >> you did illustrate must -- most of the issues but we want everybody to have coverage but what we have been saying just because you have health insurance coverage doesn't mean you have health care. the biggest issue the

affordable care act does not address is the position shortage. they end up in debt er we saw that in massachusetts you increase the demand and not the supply. the other problem is episodic care so they don't get their preventive care that the commercial said was free. fact is another big issue to expand medicaid even before the affordable care act one-third were not even taking medication. but you are right the young infants of all people there are no preexisting contingent -- conditions to sustain itself but if the healthy people say forget it i will not buy insurance intel i have a problem because there are no

pre-existing conditions of falls in on itself. neil: the president says it will be obvious to you eventually that it is in interest to cover these workers and reward these workers because they are happier workers. what do you say it? >> so to provide coverage within our company for many years. congress needs to a immediately looked at the 30 hour issue that has been mandated changes that to 40 hours it is a scheduling problem. if you try to run a restaurant operation at peak hours trying to look at who will take care of those customers, you have to have qualified staff to execute

particularly during those peak hours so what the health care law has done for us has complicated not only scheduling but how many hours will we allow people to work if agassi -- stays in place and will we have to raise prices? restaurants people have gone in and out of restaurants and fair the second home for many americans simply cannot understand why they will not like this to take immediate action to relieve the problems the restaurant industry faces today. neil: if the cbo numbers are right to a lot of people could lose their jobs to you

think that will build up? >> people will be a disincentive vice to work. >> not that people will be fired because of this but if you are in the bottom 20% the affordable care act increases or in, because you don't have to pay all for certain health care cost you don't have to work as many hours so you have fewer people thought out what jobs and decrease the actual supply he will not change the demand from employers for workers what that might do is lower productivity if nobody else wants the jobs right now there are more people that want jobs so that fewer number may not even hurt productivity ut the more important critique is the cost affordable care act makes 80% of america

pork they are paying for the very benefits of the affordable care act. neil: but when young people signed up for this in droves to the doctor's point if that doesn't happen then is a "house of cards"? >> that is what will happen because young people are not interested. neil: the penalties should have been steeper? >> to force selfish young people like yourself. [laughter] >> it is just a bad law in general why should bad people have to subsidize the cost of health care for everyone else? it is absolutely unfair. people know that why will they get premiums that are

extra expensive to subsidize ? neil: does this get better or worse you were the experts but my thought is it will get worse. better or worse? >> it is tough to say the more younger people that do sign up even though the people that needed the most cannot afford the maximum out-of-pocket with the state of the union address talks about no more bankruptcy. but the truce is $12,000 is too much disposable income for the average person that needs it. >> i think it will get worse it is devastating for

restaurant to workers around the country. >> it will be worse becausee3 people will not care about the cost but they're getting fewer services cancer patients are denied did as people are denied because of the law. >> it will get worse people find out it is coming down because of obamacare. >> you are all cynics. we will do this now and again to update the numbers to see what happens. in the meantime never mind about the president himself comes to the agency's defense anyway but could his reasoning be any more questionable? ♪

♪

>> i will reform our surveillance programs.

>> the nsa consistently is designed to protect the privacy of ordinary people. the privacy is not being violated. >> they are not abusing authority to listen to your private phone calls or read your e-mails. neil: the president over the last couple of weeks defending the nsa, thing that it is needed. my next guest is not buying any of this. they are doing stuff that is pretty much unconstitutional. and now we want the supreme court to take this out. >> we expect to hear from them soon and it certainly should be heard. we need to accelerate this and there is a lawsuit in place. three of them at this point. to for individuals like myself and a class-action lawsuit and we want them to make a decision

so these cases can go move forward. we do have an injunction in place and it's very important. neil: what is moving forward? what you want to see this to do? >> we had a status conference last monday and we want to get information to know the full scope of what the metadata is that is being collected either with regard to telephone and internet. also another one that captures and overseas. it's a huge effort to spy on the american people. what we have now is this. >> either you want this judge to sign off on this. more often than not judges do and that is what worries me. >> this judge is courageous. you don't find many in this country anymore and i have been fighting for a long time. we had a hearing on monday. telling the government that they better get a the show on the road and file their aunt there

and they're actually in the fold on the first one. i don't think this judge is going to tolerate government delayed. in this case, even the supreme court justices, you alluded to obama being spied upon as well. but they are a subject of surveillance as well. so these justices take it seriously and take it quickly. neil: you are a one-man institutional powerhouse. i have to give you credit. and talk about bad timing. climate change command from the white house which makes you wonder whether anyone bothered to look out a window, i don't know, at the white house. [laughter] e shping. fedex one rat really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise?

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neil: when half the country is in a/mush, more of the climate

seems ms. smashing through the white house announcing its climate change. how do we deal with global warming? >> definitely not, i think the top headline story was that three quarters of this country were covered or submerged in snow and ice and rain. even hearing this, there is ice everywhere. but it makes me wonder if global warming really happening or is this just the imperial presidency continuing? >> i know that you don't quite agree with that. but you do have to question the timing of it. maybe this wasn't the day to do it. >> i would say go back to the numbers of our economy since

2011 and if not now, when? i don't think you're ever going to find a good time but it's not too hard. >> all the result of global warming. >> i'm saying that we have historic droughts in the midwest. and many have lived looking for rain. >> you are talking about this long before. >> why don't we do something to help our farmers and see if this can really happen. if we can give them information. not only with climate change but with fires and all of the above. >> you have nothing to lose come why not do it? >> it's almost insulting to farmers to put this in there, to tell them how to adapt to conditions when there already are the most responsible people out there.

but are they looking at the burdens and regulations and basically turning fertile farm land into desert and that is because of federal government regulations. so to me it is just absolutely in holding that obama threw his imperial presidency is going to put youth climate hubs in place that will help farmers who are already running their business is in sharing the struggles. real struggles are in the let's put in these different things and have them tell them how to do their job. >> your argument is that we are in the economic situation. >> jeff, it is smart to work with the farmers and i think that they are some of the smartest people out there. when you think about mine grandfather, i don't think anyone wants the government to tell them anything.

but it's smart for them to make their job easier. neil: i love you dearly, but how does this make things easier? >> anything can make our job easier. i agree with what you're saying. i hope that this is not anymore government regulation and it can help them deal with what is affecting real people's lives. >> what this seems to be his administration to go out there and there is nothing clear about this whole thing in the database as who he said is three quarters of the country that are experiencing flush or ice. but it's shocking to me that anytime there is a government stamp on anything, federal regulations are in place to go going to start hurting our farmers rather than helping them and we see this happen specifically tell you where they are facing a drought right now. it's frustrating for people we're who are trying to get by and comply with all of you

standards in what essentially happened is they are trying to create things and rely upon the federal assistance and the federal aid because they can't get by without it. which is bad. because i used to believe and i still do that this will happen in the near future. but that small businesses and farmers are the backbone of this great nation and our economy. >> by the way, on these weather conditions, climatologists say that this is global warming. i want to thank you both very much. >> thank you. neil: in the meantime, take your money and run. when a guy with a million bucks this, it can be unnoticed. [ woman ] when you own your own business,

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open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all acss the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at artup-ny.com. >> i think this is the professor's way of saying

classlessness. yankee $1 million from bank of america. because things are getting itchy he is taking his cash and cruising. what has he never is? >> 0% interest rate is a bad deal. it's a bad deal because there are and there are no rewards. neil: they do have this hooked up with merrill lynch. and you could sort of spread the wealth around and invest in the market and that sort of thing. >> this reversion of having your money in a bank account there, whether it is the $250,000 were not is that because of the

policy you're getting nothing for your money. so there are some outcomes in the world where big things will get in trouble again and even insurers mag face the defaults for the raises on their money. and the overall strategy is in the world that we have it is to get your network as high as possible. i want people to think more about this. some of the things i suggest are to find a small bank and keep more cash at home. neil: would you spread it out? what would you do? >> for sure, that is another silly thing. so for sure you should have your money spread out and the warmth

that protection, even if it's not perfect. and another thing you can do is look to prepay your debt if you do have a little bit of money. you can prepay some of your that. the idea is that if there is a crisis where it's difficult to access your money and you need less of it, if you don't have a car payment or you have a smaller house payment, you will have less need to access cash and time zones hard access cash. neil: if there is another meltdown, like what we have five or six years ago, that we wouldn't rescue big banks like bank of america. and there isn't going to be a government like this. >> i think there will be a government backstop. i think they found that that was a bad outcome. and that they will try to save in one way or another. >> on a morning that the problems are bigger than they were before. so the fundamental problem is

too much data and not enough savings and we are honestly and worse position than we were six years ago. if the crisis comes again, even the federal government may not be able to save everyone immediately of the meantime. >> you think that is really going to happen? very smart professor. should they be worried? >> we had five years of returns and underestimating the risks with these sorts of problems. >> thank you very much. >> meeting a very prominent democrat. we asked people a question,

how much money do you think you'll need when you retire? $500,000. maybe half-million. say a million dlars. [ dan ] then we gave each person a ribbon to sw how ma years that amount might last. ♪ i was trying to like pull it a littlfurther. you know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. [ man ] i looked around t everybody else and i was like, "are you kidding me?" [ dan ] it's just human nature focus on the here and now. so it's hard to imagine huch we'll need for a retirement that coululd last 30 years or more. so maybe we need approach things differently, if we want to be ready for a longer retirement. ♪ ♪

neil: who knew a snowstorm could be a welcome distraction. governor chris christie said you take anything you can get or shovel. declaring a state of emergency because of all the snow and i. any kid in new jersey, and his poll numbers have taken a beating. mainly because democrats keep eating at it. i want you to meet one who is not joining in now. his apology for what happened if it turns out that the apology is sincere and accurate. >> yes, we have two investigative individuals, including a u.s. attorney looking into this great governor said recently he didn't plan it or authorize it. he just got it after the fact. they conclude the governor is telling the truth.

and it will depend on how seriously they misrepresented the situation. all of this celebratory situation means nothing. the outcome for governor chris christie will determine almost entirely on what the facts al: t of democrats are piling on here. he is the most credible. with hillary clinton assuming that she is the nominee. and i understand why both sides play this game. but i always think the governor in this case hurts himself with his response and when he went after the former port authority worker who is a high school friend and then digs up his high school shenanigans. it almost is worth responding this been firing back a bazooka. and it reinforces an image to a

lot of people as well. >> i share that view and my also say that i was chief of staff to jerry brown back in the 70s before i went back into elective office and no staffer is going to decide by themselves to shut down a major artery unless they believe that would please the governor. we may be wrong or not believe, but there is a big downside and you'll be toast. it. neil: so you're saying that this provided an atmosphere and the same one as the irs is targeting conservatives or the justice department going after reporters, that the boss would like what we are doing? >> i'm just saying that you have to get in the mind of a staffer who is appointed by the governor and why would they shut down the george washington bridge.

you don't do that unless you think that this is really what the government wants you to do. all kinds of bad things happen we have all of your troubles that you had to put up with. governor, it's great to talk to you. in the meantime, i know that justin bieber has been acting a little crazy. but is it enough to kick him out of the country? now even the white house is addressing questions over it. forget what the president might

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neil: it is a snow day for a lot of kids in this country. when i was a kid that was a big deal. they start to do their homework and chores. something i suspect the tiger mom would like. and something that i suspect that justin bieber's mom maybe didn't enforce all the time. i'm no expert here.

with me now to weigh in on all of this is the triple package, a new book. >> the wrap is right now that justin bieber should be deported and the justin bieber should be talked about at the highest levels. he could have some trouble. >> i'm no expert on justin bieber. unruly behavior, that example he was the son of a single mom in a funny way that is what our book is about.

a tough economy and yet all over. some people can look at those and asked that they are doing it. our book is that we have identified the polities are helping people make it as tough economy. neil: obviously that was never taught or learned. the fear is that given all of these latest impulses being acted out, he is slow. >> yes, it could be the price of success. neil: so have you looked at the latest incident and would you have a come to jesus moment with him? >> may be a combination. but definitely i think everyone can change at any point. i really do think that. neil: they think is a spoiled brat and how you address that? >> we have so many spoiled brat. there has been for a couple of decades is elvis teams center

child raising and education and he may not be an example of that. but i think that you see it all over. >> obviously you haven't gotten the tv anchors. [laughter] so to be tough on kids, be on them and some parents are very busy. and that somehow gets lost. and people come from a lot of this with their big successes so what do we do to avoid raising kids like justin bieber? we want them to pursue this and we don't want about hard. >> one of the secrets to success is impulse control. it is also the parent saying

don't do things that are wrong. the on computer games are the women of mankind. [laughter] mackie put a limit to a? >> actually do. i trade off with homework and even respect for adults. i think that is another impulse control. and obviously we look at the groups that are hitting it out out of the park and they have this in common. at a very young age the family creates a culture where the family is taught to focus and that chinese-american parents make their preschool students and kids engaged in a focused activity for one hour a day. it can be anything like reading or drawing. >> yet when you look at it,

everyone wants their kids to do better than they have in the rabbit of this generation is that they're going to have a tough time so how do you say i want to raise a torrent of child and i also want them to be good people. >> we look at all of these groups that are hitting it out of the park area than another group that is doing incredible well these days are mormons. in another group imposes water restrictions on their kids. mormon teenagers smoke less entering class. and it is a combination of moral compass and expectations. high expectations and some strictness. these qualities can be found in so many of these groups that are enjoying great success today. neil: do you think that we are all born inherentty good?

>> i am an eternal optimist. i don't know why, but i do. i do think that people are born fundamentally good. >> except those who another washington dc. [laughter] >> well, yeah. you're thank you guys very much. neil: meanwhile, radioshack scoring after the super bowl blitz. nearly 7 milon clients. how did ward jones geso big? t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of investing.

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>> tactic is still closing 500 stores thus first up better watching millions of dollars radio shack is closing its doors to about 100 shops and is time to shop around for each other electronics shop what'd you think? >> would you look at the tapes over the past three years we have talked about british jack reinventing themselves up five times and it has dropped 85% over four years and i don't know what they bill become. basically it is a smaller version but more expensive than best buy and everything you can find out best bite except the capacitors which go out the windows so if you probably want to stay away from this as cool as the commercial bought in my portfolio.

>> remember the store within a store? you put the closet with in a closet. it just would not work. >> but i like the wires and cables. >> douglas you were on line where they cost petty's. that is what my husband said he does. but this all just is not a game plan. it does not necessarily have that. >> very well put. it did not generate the sales? >> every betty closes doors a and lay off people. after christmas you figure you have the big boom. >> cvs says manitou

cigarettes would of the short-term pain long-term gave the first drug store to take a stand against big tobacco the stock drops on the news and those related to them. i can understand what's is going on remember this is cbs care mark also the doctor audience to be loyal to a and smoking is the impediment? >> remember number two under walgreen's but they have the clinic and i talked to a few friends of mine and they had no idea this was going on. kennedy: does ossifies behalf trendsetter pharmacist. [laughter] >> but looking at the motives looking at obamacare it makes sense they will open clinics in become a

cause i health care provider like urging care it to have cigarettes does not make sense so for the long term it is a smart move it will hurt the stock initially but they love to right and -- to the right thing and that these will play a role in smoking secession if they bring in the i.e. cigarettes under the guise of smoking secession that could be additional money. i am interested to see how that plays out. >> a former pact and a half a day smoker it is the great idea they'd make changes other offering that is what they're doing now it is on the offensive it looks great steve it. >> what is next? ring dings?

ltd. of think they pose as great of a health threat. [laughter] >> i see where this is going. they will take the cheese puffs a and they are god. >> ding-dongs all are okay in moderation. [laughter] >> back for the nightcap. ♪ >> my mind is wandering in to the imagination of investors wondering where the sentiments lie alongside they fall apart and there is a little finger the lives of very long time ago his 1742 level that is where the s&p needs to stay above of the jobs report on friday. >> if we bow -- move below

the level automatic trading programs so things could get nasty pretty quickly breached that level. >> disney reporting after the bill today we will have interesting information where consumers are going. they are booking revenues out six or nine months that will be interested in what traders will want to talk about. >> if it is worth it to them they will pay for it as they did with a grand theft auto. and when they go to disney parks to the 51 billion people it is a dichotomy? >> also about smart american consumers for a long time that consumers will pay the tab no.

we will buy what we want when we want to. >> i can still have ding-dongs. we will monitor all of the above tomorrow. kennedy: whenever a giant pharmacy chain cut $2 billion of the bottom might have to think there is more going on thin clever marketing taking executive action to 86 cigarettes off the shelves. that is forbidding drug sellers from peddling tobacco as well did you ever stopped selling peanut m&m's said judge is here and we have the panel ready to raise the roof on a wednesday. this is "the independents". kennedy: