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tv   Bulls and Bears  FOX Business  April 13, 2014 1:00am-1:31am EDT

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tonight, we'll see you next week. t 6:00 a.m. tomorrow.00 a.m. see you then. she's out. she's in. but for get who is running it, and for get the supposed 7.5 million kathleen sebelius said enrolled in it. here is the real number you need to know. 8.2 million. that's the number of americans choosing employer-based health care plans over obamacare exchange plans according to a new study. this proved that private employers are better at fixing health care than obama. let's get to it.
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welcome to everybody. gary b., everybody is focusing on who is running it but should the focus be let the employers and not the government get america covered? >> i think so brenda. we have obamacare and the majority of the country doesn't want it, and they voted they don't like it and would want it to go away or at least at a minimum make dramatic changes. what do they like? as you showed in the numbers, they like employer-based health care, because they have a vested interest in making sure their employees are happy. obamacare, you couldn't get through the website and you have to change your doctors, and many people have to pay more in premiums. no, this proves for not only employer-based but market base which is what this is. solving the needs of what people want out there is the best way to go. we should get rid of obamacare and let the market work starting
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with companies. >> and employer plans first, and expanded medicare second and obamacare last. what does that tell you? >> sure, anybody would want employer-based first if they can get it but the whole point of obamacare is to extend health insurance to those that can't, right? 7 million of the people were newly insured. this is not like i used to be able to have it and now i will choose employer based. it's all of a sudden they realized they had to have it or signed up or employers started offering it. i say that's great news for the goal of insuring more people. >> john, do you think so? apparently there is still 23 million people uninsured. >> yeah, of the 7 million that were previously uninsured, this was a survey done on march 28th, we don't know how many people were previously insured or how many paid for it, but surprise,
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surprise, the private enterprise does things better than the government. you have9% of people choose the government, the private plans from their employer, and about 30% went into medicaid. if these numbers keep going the way they are, that's a huge amount to add to the welfare roles. some don't work or have the means to get insured, and is it cheaper to give them insurance or cheaper to let them go to the emergency room and drive up health care costs? that's the argument we are making. so far it looks like obamacare is not the offer that people want. >> tracy, maybe one reason peop are choosing private insurance over obamacare is that obamacare forces you to have certain services that you may not need, maternity leave, pediatric and dental services. >> yeah, maternity for men, which is laughable. let's get people jobs in
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companies that can offer them benefits as opposed to relying on obamacare. we have seen time and time again that corporate america can pull it off better and i think there is has been so much nervousness around obamacare. people are afraid to go to it and touch it. if i can't log on and register myself for it, what will happen going forward? i am much more comfortable going forward with my employer's plan. >> you have government on one hand and obamacare on the other, and what do you choose? >> the companies are better than the government at running websites and getting you signed up for everything. that doesn't mean it's the free market. the companies are providing it because they are being forced to and because of massive tax breaks. if the post office was phased out and the government said google mail and we will give you tax breaks, they would do that,
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but is that a good resource of apple's resource to deliver the mail? they are in the business of making widgets, not in providing health care. the company should be phased out entirely, so you are acting like this is more of the bad policies that we have had for decades since the tax break kicked in. >> i don't get that, though. if apple wants to be the next post office, all the power to them. if they can charge me more money to deliver, and it's bottom line cost-effective. >> there is not one company in america that wants to provide health insurance. >> you don't know that. >> it's a tax fee -- it's a way to pay for their taxes. they are forced to do. you take away the tax break, and who would do it? why would general motors do it? >> how are you going to get good
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employees -- >> you pay them a salary to show up and do the job they are being paid to do. >> everybody is coming for the full monte. get in on the debate. >> what we are arguing about is who pays? whether government or private employer pays or the individual pays, that doesn't fix health care. all we did is have insurance reform. we had no health care reform. what is best for the country? we are talking about sticking 30 to 50 million more people into a broken system and magically the system gets fixed. it will never get fixed that way. it will just exacerbate the fractures. all we have argued about so far is who pays. >> on that point, employer-based plans don't subsidize as obama does, so in the end we are
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paying for this. >> obamacare offers subsidies to people that can't afford health insurance. i get my own insurance because i am self-employed and don't get a subsidy. an employer gets a subsidy and the employee is paying a subsidy in the fact that the younger person at a company is paying the same amount as the older person at the company. >> but you get a tax break for health premiums. >> wish it covered more than what it costs, but fair enough. >> all right. gary? >> jonas brings up a good point that companies shouldn't offer it. government shouldn't offer it either. where is the mandate for the government to make sure everybody is insured with health insurance? it's a nice thing to do but i don't think it's in the constituti constitution.
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we have a free market. the free market can't work in this place, but the problem is the government is crowding out. it won't allow the free market to work. companies step up and try to do their best, but you have this program set up by the government that is so great and wonderful that nobody wants to sign up for it. how many millions of dollars did they spend luring people in with the stupid pajama boy commercials and all that other stuff to get people to see it's so wonderful, but the government failed in this just as it fails when they try to get the free market to do something. >> this is not free. it's opposite of what they said would happen. >> that's going to be the last word. thanks, guys. $106,000. that's now the average american worker's share of this.
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worker's share of this. is tha
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i make an old subject feel like a fresh thought. and unconventional methods common. i'm a teacher. i make more. powerful name in news, fox news channel. your share of this. exploding. each american worker now on the hook for a record $106,000 for our debt that just keeps growing. and these guys, well, they keep failing to pass a budget this week that would finally fix it. is it anyone dur the marwonder
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are falling. >> you got all that going on in the market and then we have forgotten about d.c. for a bit. it's like things were quiet and then we are reminded how dysfunctional and stupid they are and how our poor children will inherent all the debt. it brings you back to where we were last year and it's a bummer for people that were starting to get it together. these numbers are so numbering. you think of $17 trillion in debt, but when it comes down to you, each of us owes $106,000. does that bring it home? >> well, i will tell you what, brenda. i think it does. here is the sad part. 106,000 for each person. the government can print more money and run up inflation but the person it will affect is my grandchildren if i have any, those are the ones that will be paying. by the time it gets to them.
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the amount we pay for social security, medicare and interest payments, it's going to drowned out everything else. we won't be able to make enough money in the country to pay down the debt. people laugh, oh, we will never become greece. i will tell you what, we are getting there. i just read a study the other day that showed 70% or 80% of the bills presented to congress are about increasing spending and that means specific programs here and there. there's nothing to reign it in, as you pointed out. that's why people get elected and that's why i fear for my grandchildren. >> we are fearing for the market, john, are you? >> yeah, i am fearing for the market. i think the market is detached from washington, d.c. and politics. we are at 17 trillion in debt. we had 14 years of the most fiscal irresponsible years in
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history. you don't find one backbone in d.c. nobody is willing to do the right thing for this country and get this budget under control. >> a really tough week for the markets, but they have come far fast. we saw financials and technology, what does that tell you? >> i think it's an oldie but goody, and gross stocks are there. as far as how the debt plays into it, this number of $100,000 per person, that is misleading. the government is going to make wealthy people get stuck with $100 million, that's what the states did and the federal government did over the last three years to solve their financial problems. if the government got together, congress and obama said we have a deal and will cut spending
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$500 billion and run surplus next year, you would see the stock market fall, it would be chaos, and even though that sounds like a good thing, they made the budget, the deficit go away, they came out and said over 20 years we will fix the long-term problems that have a balanced budget with the social security and medicare, that would be good for the market, but you can't solve this problem by cutting spending next year, you have to indict over the long term or you will cause the market to tank. >> should the people who have 401(k)'s, should they worry or be concerned? >> well, you could invest in a safer stock, but no, it goes up and down and this has been a terrible week, obviously, but it's not anything catastrophic. >> i think we are selling off because we are due to sell off, right? at the end of the day, maybe to
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jonas's point, it's all about the fed. the debt part sucks and i think that that number is serious and it's worse that it's on the shoulder's of the wealthy. it's all about the feds, and the markets could come back and be okay, but -- >> tracy, you are right about the fed. the fed is selling off, and you saw what happened last may when bernanke first came out. and it tells you it's a short-term fix and not a long term market we are in. what did they do? >> move! >> get out of here, you cowards? >> the government confiscating the ranchers cattle to protect
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this guy. up here first, you don't like your job? no problem. get $5000 to quit it. one iconic busines is doing it. should all companies play to make their unhappy workers happy? when folks in the lower 48 think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado.
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the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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♪ ♪ i quit, i quit, i quit >> what if i told you could get
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up to $5000 for saying those words? well, amazon is doing it. they are paying workers not into their job to leave their job. is that a good idea? >> if you tell an employer for $5000 you can get rid of the deadwood and you don't have to worry about deadwood or a lawsuit, and amazon pays for 95% of people's college tuition. they are creating a good atmosphere at work. >> couldn't this backfire? the people who think they can get a job to take the money, that leaves all the deadwood behind? >> well, people who apply for a job or who are unemployed right now, and if the government did this for their workers, there
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would be nobody left to work the next day. at the end of the day, a lot of jobs are for deadwood and that job has the opposite strategy which is put the compensation off until later, and it let's you lower your current salary. tech companies have different problems and they don't have to care about the earnings and can pay somebody more now and i don't think it works for everybody what happens in silicon valley. >> this could be a pr emplploy? >> this is for employees and their fulfillment center. guess what? the one area of amazon prone to unionization is at the fulfillment center. if amazon was so great they
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would offer it to every employee, but they are just offering it to those people. it's great and wonderful, but let's call a spade a spade. they are warting off any threat of unionization. >> tracy, you like this? >> i love this. yeah, and zappos said please don't take this offer, we just want you to like your job. and most of the people are temporary workers and don't qualify anyway, but if you don't like your job move on and they don't have to deal with it. i think it's brilliant. i think amazon is fabulous for doing it and i don't think it's pr at all. >> i think it's a mix, it's brilliant and a little pr and it's so much better to hand somebody $5000 than to fire them and have your unemployment compensation insurance rates go up for everybody in your business. it's going to save you money in
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the long run and prevent a lawsuit. >> thank you, guys. thank you, sasha, for joining us. who hasn't thought about doing that at least once? if you live in france, they just made it easy if it's past work hours. time to bring the
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>> even the safe blue chip dividend paying stocks like kraft, it's up by the end of the year. >> well, bull or bear. >> we hit peak calorie consumption. >> with tiger out i think bubba wins, i love that guy. >> bull or bear, gary? >> i would be in for a full back. >> jonas, your prediction? >> the stock market is destroying stocks lately. >> john, bull or bear? >> i am a bear on utilities. >> well, thinking about banning after-hours e-mails, it might
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not ever happen in the united states, but you are going to sit over your coffee now and ponder what it would be like to be contacted by your boss all night >> i am working on saturday morning. the latest white house job fix that itself might need to fix. while president obama was awarding over $100 million for grants, critics say he is not doing much to help the bosses who have jobs for those kids. rather than pushing bosses to hike their minimum wage or have them pay overtime, is it time for the white house to get out of the way so they can hire kids. and now our guests, what do you think? >> every week there is a new gimmick. it's a new gimmick every week. >>

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