tv Cavuto Coast to Coast FOX Business June 25, 2015 12:00pm-2:01pm EDT
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i know that neil cavuto is eager to continue our coverage. he's right here he's got the time. and it is your time neil take it away. >> to remarkable two hours my friend but you hit on it easier said than done and here to stay trying to get rid of this. welcome everybody i'm neil cavuto stuart outlined pretty with here. you've heard by now u that those subsidies are in place, can stay in place, and 6.3 million american who is benefit from them need not worry about losing them. what was the big surprise wasn't only the decision that supported the subsidies, but the size of that decision, the 6-3 vote one that included chief justice robert who is wrote for the majority that this was a good thing to do. but it has left a number of republicans confused as to where things go from here. now, before i get to peter barnes on this i want to look at the market reaction because i find that most telling maybe most dramatic story of all today. you have essentially seen
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highest court in the land give a green light to one of the biggest federal initiatives in american history. and stocks are up. health care stocks are up. hospital stocks are up. but if you think about it, we'll get into this with a couple of former attorneys general, throughout the hour and next hour as well as those who petition this case to the supreme court, this is an increasing side of the times banks to benefit from federal reserve easy money, other sectors that benefit from federal support for things like solar energy and wind, and now up to health care and related stocks that benefit from federal dollars that go through the system. in a way we are all -- at the government's and that is something we're going to explore in greater detail first to peter barnes on how this is all falling down. peter. >> hey, neil majority of six justices held these tax credits, these health insurance subsidies
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from the federal government acknowledging this language in the statute that they would be awarded only through exchanges, quote, established by the state. it was ambiguous but then said look at the entire context of the law, that in the entire context, the subsidies were legal and more over, if it struck down subsidies, it can seriously disrupt health insurance market of the united states. this did not go over well with a judge -- scalia and a blistering defense in which he says that the majority overreached here. he says quote they try to palm off the praise as artful drafting and no free floating power to rescue congress from drafting errors. he goes on to say plausible that tax credits were restricted to exchanges established by states specifically in order to encourage estates to establish their own exchanges we therefore have no authority to dismiss
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terms of the law as a drafting fumble. he says finally, quote, the act that congress passed makes tax credits available only to exchanged established by the state. this court, however, concludes that this limitation would prevent rest of the act from working as well as hope. so it rewrites the law to make tax credits available everywhere we should start calling this low care. >> yikes. peter barnes thank you very, very much we should step become and put this in perspective as well. a surprising day was expected to slap down the subsidies. you might recall the president, in fact, that said that he didn't know why they were taking up the case to begin with by reading this the way the court did, have we established health care law as we know it now to be unmovable for the next 18 months very, very least republicans are promentsing that they would have to torpedo this. you've heard from prominent one who is think this was a big
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mistake for next 18 months at a minimum it is law of the land and unseverring from the american economy is going to be a lot easier said than done which is benefiting from -- money this means from stocks that benefit from this and companies that benefit from all of this. keep in mind, this is a big government rally we're looking at here. for health care related stocks, that have been the big beneficiaries of this depending who you talk to begging on that right now. and the health care stocks that are still rallying. >> some of the health care stocks are on a rocket ship ride high or start with your hospitals. hospitals have benefited enormously from the affordable care act because you have more people able to pay for their health care. take a look at these names hitting lifetime high it is today. all time highs, hca holdings community health systems. universal health services, and life point health. you look at these gains 13% gain
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on community health. take a look at tenant health care. tenant is not at an all time high but tenant biggest movers of 13% gain on a tenant. you look at your health insurers you see a little bit of movement up there. not as much, not as a direct a beneficiary of this ruling today, however, you have a lot of these major companies, like anthem, cigna united health that are looking at combining merging with another with this uncertainty behind them they can step up and get these deals done. noel. >> interesting because they were announcing looking at the deals prior to this decision and -- consensus was that they seemed to think that this act was going to stand one way or the other. and now, this decision seems to bare them out so we probably will see more of them. >> right, don't expect to see a lot of deals that regulators will probably only get a couple of very large once through.
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but again, they need to personal to cut costs as they deal with the affordable care act. but the hospitals by the way, they were brace for a flood of patients who then no longer had health insurance. if these subsidies were shot down, and so you removed that worry and you see what these stocks can do all time highs. >> incredible we'll be going back there throughout the broadcast to get a read of these. to reminding you as well that companies argument for combining and getting together is the fact that they face a big competitor in the united states government. and that they are competing with the government to try to extract these savings and a pass them along to you. that was just what the doctor in this case barack obama ordered. and the hope that sprung from the white house in the early days of advancing this to save money in the longer term. but of course we're still waiting for that. lizzy mcdonnell. >> cost of affordable care right now, and neil what is manning is
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the states are seeing insurers coming in with suggestive rate hikes, and you're seeing new mexico, tennessee, maryland, they're seeing rate hikes from insurers from 30% to as high as more than 50% that is you've seen that in new mexico. and what we're also seeing too, neil, is that essentially david has brought this up. consumers, four out of ten nearly half are saying they're skipping medical services or they're facing financial hardships. because they can't afford to go to the doctor. and basically they're just not going and getting the treatment that they need. the other economic point that needs to be made neil is you've been reporting this. economy has been growing on average about 1.8% since the president took office. what is going on behind scenes here? consumer spending drives the economy. a lot of that spending, though, is going towards health care. two-thirds of consumer spending is now on, in fact wage gains almost dollar to dollar
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according to macro research dollar to dollar basically wage gains were wiped out by health care costs going up. so that is a trend that we've been seeing take place and that is why it is reported you're seeing health care sector stocks moving higher. back to you neil. >> thank you very much lizzy maybe need more antics which the president says health care, cost are declining or rate of increase is slowing yet you look at your health care premiums probably thinking mine aren't slowing. there are two different ways to look at health care. charging you for doctors visit, when you get an mri, cat scan, x-ray that the rate of increase in that type of stuff has slowed a little bit to around 2 to 3% range. now a lot of that owed to since this is dated material we're dealing with from pros of the recession naturally and economic slowdown those increases slow down. but i must pause here something that is left out is gazillion
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pound elephant in the room that health care related premiums that have gone up on average for likes of the others that u you've seen here that have gone up double dints anywhere from 12 to some of them if they get their way in the latest go arranged 52%. now hardly all of my guests, run into them but if you're asking them to cover, all a preexisting conditions keep your kids on your policy until they're 26 and longer if possible, you want to make sure that -- no one gets turned down for anything. an that anyone can come on any time with any ailment. well it stands to reason that is going to cost you. that is why premiums are up to the degree they have. if any insurance company takes advantage of that. folks i don't doubt it. but the fact is that that is the separate issue with health care. what health care premiums have seen and what you have seen and
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why you might see a disconnect between what the president is saying, democrats have been saying and those who support this law have been saying about health care costs going down when, in fact, for the insurance for that health care, it has been anything but. all right, david is here. we have jerry willis here, lizzy mcdonald with us. jonathan getting with that, i want to focus on the markets for a second. that typically anything that reaches big government or big government would not be greeted favorably on wall street. but these are different times, and that we've been going through year after year after year of one industry after another, protected supported either by big government or the federal reserve. so maybe that is not too surprising. what do you make of that? >> neil, the result of that intervention of that stimulus is that supreme court team did, and it has been called is often times a short-term boost. i mean, what a ?rus stimulus is faking of reality. today stocks were often going up
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because government is essentially engaged in shell game. ponzi game that is what redistribution essentially is. but once that music stops as you mentioned there's been a host of interventions that redistributions once that music stops, is when ferris wheel stops going around. for just most recent examples of that look at freddie mac and fannie mae subsidies and great investments. great investments for a long time. ethanol stocks as well. once that music stopped those industries fell apart and that is exactly what we'll see with health care might not come tomorrow but down the line. >> maybe i'm being naive in the environment, but corner of wall and brotd, had is okay. this doesn't seem to bother one bit. >> it doesn't stock prices going up, right well reason that is happening is because the entire industry has restructured completely. if rules were to change yet again everyone would be confused. : they depend on the government. >> and give you an example, some 2300 is the average subsidy that
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people will get under obamacare's 2.2 billion. that is spending would have stopped been successful today. >> what do you think would happen david had this gone the way most thought it would and subsidies would have been rejected? >> been a mess. but congress i think would have come in with sort of -- >> not until market response. >> market response wouldn't have been as a spectacular as it was today. i want to say something on top of which you say it is not only dependent on the government a lot of these health insurers and hospitals but in many cases run by the government. the ceo recently said at a goldman sachs conference that his biggest customer now and not the policy holders but government he said that. the biggest -- customer is the government. >> welcomed them dabble in their business. >> and question that president just said this was not a government takeover of health care. but look what he's saying now who is running health care? they referring to the goth are paying us a lot of money and they have a right to give us
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some insight into how they think we should run our business. they're now admitting that the government is running actually managing a lot of the health care supposedly private health care business. >> insurers have been nationalized here. remember the conversation about risk quarters you can have -- profits between here and here. that is because government was so closely managing what they could take out of the industry. >> one time after the autorescue where none of the autoceo said a peep about washington. flf [laughter] >> you don't quarrel with those providing the dough. >> issue with the insurance industry and doctors, when your -- when the federal government is your biggest customer you need to have a seat at the table or you're, you know, you're on the menu. and the issue is that you've got to be a big bigger player to deal with a government so when you consolidate you form cartel and one insurer in one state exchange right and when you have
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monopolization cost go up and consumer costs go up. >> online stockholder. stockholder and anyone of these insurance companies said and hearing what david said, i'm going to -- willingly happily take advice on how to run my business from the united states government. i don't know, i don't know if that is so promising. >> could be a great investment neil because essentially government took to lizzy ice point the president talks for many years, couple of years of the health insurers at a monopoly. they did, in fact, now the government is created that monopoly and marketplace he talked about is anything but a market lace. a marketplace implies a free marketplace that is not what that is. >> so talks about -- i want to talk about hospitals. >> changed it. >> so neil i know you've -- you've had a number of hospital bills, i certainly have. when you look at a hospital bill, you see all of these weird charges on it. that is because the hospital and i call up the hospital i said i
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didn't pay for it. don't worry about it insurance will pay for this. this is beginning to imply a lot more of that where you have these crazy charges that government, you know, government is terrible at itemizing bills looking at details you see awe of the medicare fraud this is going to increase amount of fraud and amount of mismanagement with hospitals tremendously. because nobody is beginning to be called to account because now the government is in charge. : but president said it right. one thing right that this is woven into fabric of our country that is just the problem. >> absolutely right about this. 18 months more more woven, and guys thank you very much. i hope to hear from you a little bit later. we're getting other comments from this. including the secretary of health and human services sylvia from whom this decision was named as they were fighting back and forth on it. today's supreme court decision confirms the affordable care act's tax credits are available to all eligible americans no matter where they live. americans in all 50 states guess on to say and the district of
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columbia can continue to rely on the security and peace of mind that comes with this affordable quality health care coverage. she added at the end -- stole that. [laughter] >> can you believe that? >> when we come back one of those attorney generals that was very instrumental in trying to stop this at least what is argued to be a train wreck that the supreme court shot down. oklahoma's attorney general right after this.
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>> all right, i can't stress enough, though, how big a deal this is. what happened in the supreme court today. decision that was expected to go against a key component of the affordable care act that is, though, subsidies for the 6.4 million americans who took advantage of them in the 34 states not covered by various
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state exchanges. that stood today. in other words, those subsidies stood one of the biggest federal initiatives of all time stood an now stands. president is quite right depending on what your five is doesn't matter to say that affordable care act has this obamacare has been branded is here to sty for next 18 months, in fact, it will get more interwoven into our city, economy and indeed in our markets, in fact, the president while he didn't point to those markets today might as easily said if this is such an effort to economy to the markets to business as usual to capitalism, well, the capitalism has a funny way of looking at it dow 20 points. health care related stocks big, big beneficiaries of all of this today. all beneficiaries of that huge federal spending that stands to get even bigger in the years ahead. well here's the guy who tried it just didn't pan out the way he
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homed. scott peruit what happens now general? >> you know, neil, it's a tough day for rule of law. words matter and unfortunately i think this court issued a political decision today. i think there was more focus on the aftermath of the decision that took the congress and the words that they passed in 2010 at face value. >> i think just hit on something brilliant sir. i think that is what it came down to, the supreme court was looking at the implications of voting against this. and the pain and the adjustments, and i kind of think and i'm no lawyer. but i've watched a lot of legal shows so i qualify as an expert but i think what happened is they just said, you know, this was going to be a lot of hassle a lot of grief unwinding this. we just don't have time for it. what do you think? >> i think you're exactly right. i think they allowed context of the statute to override text of the statute at the end of the day 34 states made an informed
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decision. 34 states said that original bargain they didn't want subsidies but what is being talked about, neil, is that with the subsidies come the penalties and taxes against the employers and individuals for noncompliance with the law. so that original bargain 34 states said we don't want, and what the court did today is take those decisions by 34 states and disregard that will. and bless unlawful conduct this administration has been involved with since 2010. it is a very disappointing day. it is something that i think the judicial branch, the supreme court should be focused on giving words and the words that are given by congress meaning. and they change those words they said in the majority opinion. i don't know if anybody has said this to you yet but challengers arguments about the statute, about the many words that are very strong but they went a different direction andrd drayed that. so very disappointing day. >> one that surprised me to your
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point was done this, and, obviously, the size of the 6-3 vote leads me to believe maybe this is a court that comfortably embracing bigger government i'm not here to judge government but here to say that in one decision after another we have seen a court regardless of what you find that is political persuasion that seems to be comfortable with bigger, more active government and it is even reflected in our markets that seem to be -- okay with bigger, more active government. it is weird. >> in this case television much smaller, much more narrow than original challenge and chief justice roberts in 2012 said that congress had the constitutional authority to pass the original law, affordable care act this was much different this was statute to disregard that, just as scalia spoke very strongly, that the court went off the rails here, and i think
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engaged in what i believe is result oriented opinion focussings more on aftermath opposed to what rule of law and the statute drafted by congress. >> i tell you this the headline you're reading about tomorrow. scalia saying it is care, supreme court of the united states has put its stamp on obamacare. and made it official. sir, thank you very, very much. now what if i took if for republican president candidates and republicans in aggregate this politically might be welcomed news. i say that for a couple of reasons we're going to get into after this. but it just gave them a strong issue, or so they hope in the necks election. but in the meantime, the big gap, big law that they oppose so much -- is getting bigger. more entangled it is like that spider-man episode with the black suit on. ate away at him. it is that -- like that. kind of. after this.
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>> your bipartisan debate, we finally declared that in america health care is not a privilege for a few, but a right for all. >> but if i can put that in reverse for a few, all will pay. because of the fact of the matter is 6 and a half millions or so benefiting from subsidies, someone is going to pick up that cost no one wants to see them lose that insurance but fact of the matter is higher tacks or higher premium to disfund the system that we have. no free lunch. or would that be true? but i want you out there to understand that just because six and a half million people are short of getting those subsidies, and continue to get the health care, the cost that they were promised doesn't mean that someone else is going to pick up the cause for what they were promised. that has been argument republicans vn mag. but peter barnes this might be a welcomed development for a lot of these guys, right?
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>> give them more to run on particularly in the presidential race next year and we're getting reaction from different presidential candidates right now on the republican and democratic side let's start off with scott walker governor of wisconsin who says that the ruling today means that republicans in congress most, quote, redouble their efforts to repeal and replace the law. john kasich of joses this is a disappointing decision. obamacare is confusing, flawed driven up ohio's health insurance cost for individual and small businesses by approximately 80%. jeb bush form or government of joses, quote, that flawed law imposes job killing mandates, causes a spending in washington to skyrocket by 1.7 trillion raises taxes by 1 trillion an drives up health care costs instead of fixes our health care system. it made the problem worse. and rick santorum former senator from pennsylvania, saying in a tweet, quote, today supreme court ruling is another
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remindinger that if we want to get rid of obamacare, we must elect a conservative president. a republican conservative -- conservative president. i assume he means republican. for hearing from hillary clinton on democratic side who tweets, quote, yes, amples what we know is true in our hearts and under the law health insurance should be affordable and available to all. neil. >> all right peter thank you very, very much here. again much of what peter was talking about is based on this notion that -- well we'll fight another battle the fact of the matter, though, is in next 18 months this can get more entrenched and more entrenched and a lot easier said than done to start taking it apart. by that time remember we have three more referendum that come into play here, and deadline all of the more you have to extract under best case republican scenario where they get control of the white house, still hang
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on to the house and senate, and even then it is an up hill fight to take this apart so they probably welcome these developments but i got to stress, it is not necessarily a slam dunk even in that event. wergd also stress to hear a lot of back and forth on this keeps affordable in the affordable care act and there's a lot of confusion back and forth and maybe because on numbers here, i pounce on this. between a stable health care cost and i know you hear about how costs have been stabilizing over last couple of years. they are referring to things like doctors visits they're referring to things like mri and a cat scans. a lot of that was a result because these numbers tend to be delayed because of the recession and slowdown and the fact that we're not going gang busters hard to pass along big increase not so when you throw in health care and insurance premiums going up at a double digit clip. since this was first pondered keep this in mind, the average health care premium in this
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country has gone up about 32%. some with more generous plans in excess of 50%. they do not include that math or that feature when they talk about affordable. it goes the distance. more after this. two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night, it saves a little energy.
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tweet their responses. you know, yes. affirms what is in our hearts under the law health insurance should be affordable and available to all. available like during lincoln's day, yes. we won. [laughter] no i guess. but saying it trivializes nothing against twitter. but it is what it is. >> can't any money in this. >> see how much you like -- charlie gasparino here. here's why i think republicans are getting a little ahead of themselves and maybe cocky do you think that american hate this that they'll remember this unhappiness associated with this thinking that 16, 18 months from now they'll be bitter welcome angry and throw buns out. there's no guarantee of that. : i think their political calculus is the cost of obamacare particularly to a few
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people are pushed out. right -- like that. >> this is multiyear thing. >> i see some stuff in 18 moths that is what i've been reading today. maybe i'm wrong. >> next wave of guarantee and drug prices. >> premiums go up and how much they pay out of pocket. you're seeing their deductibles go up. you have in 2018 tax on health insurance plan, that is beginning to have a -- biggest -- >> jenners. >> but employer provided health insurance market that is biggest market in materials of how people get their health insurance, as that changes, year after year, you will have more of a negative feeling among people without it. >> tacky politically in 18 months will that be showing up in people's premiums to the degree that -- >> it is showing up now. >> well when people are told -- i don't doubt what you're saying guys but what i'm saying is that
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when people look at this issue now and are polled on it. some of the polls might be rigged or staged victor has gone down. >> well, it has gone down because the website is fixed because the costs are just starting. >> so you're to be clear -- their argument not mine. >> i understand. where you come -- but you're saying that this is an issue that will get more and more americans -- >> i think when you talk to people that talk to politicians in which is what i do, they think that this will be a resonating issue in about a year because all of the bad stuffer has been back loaded age and cost increase over next two years in time for hillary clinton. >> the battle -- and it has between those benefiting from this and those who were not. obviously, for those sick and a half billion folk who is don't have coverage an subsidies they love this. all going to love it. and then those who have coverage or didn't have it before,
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regardless of subsidy they love this. then you've got to address, you know, all of the millions of others who threw higher premium and paying for this or not happy with this. >> changes because of the new law their cost out of the pocket are going up, and your access to doctors is beginning to suffer. more and more, but i will say this about hillary clinton. this was a victory for the white house. it was a victory for democrats, but now if anything goes wrong, if people complain about it and don't like it there's nobody to blame but the democratic party. hillary clinton will feel any negative sentiment about the health care law in the next year and a half. >> you have to address it. >> if she'll feel it if two things happen. if what the reallies are predicting armageddon is accurate, and if a republican candidate can articulate what is wrong. >> can they kill this thing? >> articulate if people don't like higher fees, mitt romney, yeah. >> couldn't articulate anything.
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economy was lousy an you really need somebody to get in there to speak to this the right way. i don't -- >> tap distance around. >> affordable care act because he passed a thing in massachusetts. >> couldn't articulate it well jeb bush here to say. >> hater. realistic. >> do you think that republicans -- >> donald trump president elect -- nominees. smg stick to the subject. do you think republicans can -- succeed in unraveling this. i don't think they can. >> never happen. even when they do, nothing. thing is here to say. like social security. medicare, medicaid public library. >> my brother who is a doctor i make a lot more money than him. >> he's making a lot less. a lot -- >> he's saving for insurance. >> how this is beginning to go i think it is here to stay might tinker. >> you can't unravel is right now. stuff is built into the system.
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>> this is -- this is how americans will get health insurance for generations to come. >> your brother is right there. you're right, you're wrong. >> tinkle with medicare because it is a time bomb. >> tinker -- >> fix that. >> that is single payer. >> all right when we come back, can you imagine just what i said just now what they said just now with charlie's brother said just now to him or not just notice -- if you're a tea partyer and reaching for drugs that she hopes she could still afford after this. blj
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taking tanzeum with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects with tanzeum include diarrhea, nausea, injection site reactions, cough, back pain, and cold or flu symptoms. some serious side effects can lead to dehydration which may cause kidney failure. ask your doctor if adding once-a-week tanzeum is right for you. go to tanzeum.com to learn if you may be eligible to receive tanzeum free for 12 months. make every week a tanzeum week. >> all right real quickly looking at the house of representatives now conley has enough votes to pass i know you're getting tired of this
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hear latest taa trade assistance authority that will be the measure that provides some protections for workers supposedly displaced or hurt by the global trade deals. president obama is expected to sign both as soon as he gets it which could be by end of today. something else that developed that i think you can thank me america but it is just what i do and just what we're doing now in coast to coast if we see an injustice we pounce on it and notice that congressman mark medicine does of north carolina had voted against a key trade measure to get back to the trade issue. that house leadership was really, really pushing and wanted all of their captain to be on the same page. congressman was not he voted against them. voted against -- congressman and voted against speaker boehner, and quickly punished law to key committee assignment but here's a little bit of what needs to tell me
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exactly what happened and then when i talk to yesterday on fox news. take a look. >> did they warn you in advance that you knew this was going to happen? >> well they didn't warn me in advance. but yeah chairman said exactly that is reason for it. i voted against this rule. >> i did not push him out the door or away from this sub committee chairmanship based solely on that vote but there were a variety of factors and as chairman of that committee those are difficult decisions that i need to make. >> you're a good guy congressman. sounds phony -- >> we have enormous reaction on that despite congressman assistance that there was no soprano like fit for punishment going on here. we're just learning now that he has reversed his decision says he's reenstating representative mark as a sub committee chairman. you're welcome, america. [laughter]
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i just -- i'm interesting that is all. gina is thanking me now. but gina this is not about me. this is about a show that is about me. so what did you about this this? that making light of this i shouldn't but it is interesting how this drama now went back to hurt people trying to be dramatic. what do you think of the leadership change tale on this? >> well first of all congratulations and thank you, at least -- a day's work. at least we can say they got a little bit of good news in this ridiculous news today. but you know, yeah, the gop hello, they have got to start acting like the grand old party less like just old, old party who wants to do things the frank underwood this is behavior and i've seen this. >> argument for everyone being on same page is not scattering like ducks in a ponged but
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keeping to the message, and everyone wins they do. but you're saying certainly congressman saying i can't vote for something that goes against conscience and i think this is not a very good thing and i don't to be a part of it. the leadership rimmed a new one and put them in a broom closet. >> neil is what he was elected to do he doesn't go to elite in the republican party but to his voters. seems -- >> voters his job, it is not up to the gop elite to say you didn't do what we wanted to -- the gavel. >> something happened, what was it? >> pardon? >> something happened what i'm thinking happened is they misgauged their popularity or strength and leadership said you know you look like idiots. >> when you you act like a thug you risk rebellion. republican leadership started to see the rebellion, and i honestly, i really mean this. i'm not brownnoses with you i'll
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bring you a donut later. but you calling attention to this and other media calling attention to this and beginning to sort of get that whole thing. i think they wanted to do this quietly behind scenes and they didn't want anybody to talk about it. but people came out swinging. in media started talking about it and this wasn't going to go away they figured that out, whoops but bottom line is they shouldn't be pulling stuff like this we have a election to win as conservatives this is a really good way to look just like democrats that doesn't define you. that doesn't make you better. that doesn't motivate your base and that doesn't help you win presidential elections and we need this one in evidence of the jew did i recall activism with the supreme court today. >> quickly on this producer will kill me here. but this gets back to the court how republicans and that deal with this go to surprise. trying to kill obamacare or stick around with the edge. what do you think?
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>> they better try to kill it. i would say that that was probably the number one thing that if people do muster up the energy to go vote republicans they're going to be voting based on core values. core values national security neil this is an economic security issue. and a the republicans better meet this head on i don't know what will happen to the republican party and i'm not kidding. >> thank you very much again for those who studented in. for 24 hours and no man's land for congressman mark with the state of north carolina, reenstated as sub committee chairman opposed state laws because he opposed house republican leadership until we brought it to the nation's attention that said, i don't think we elected tony soprano, did we? it stopped. what other injustices will i wipe out? more after this. it's one of the most amazing
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>> now she's loving the guy. you know you learn a lot looking at this thing called the internet i told you how hitt was tweeting her satisfaction with supreme court ruling today that supported everything that they're doing with subsidies now taking to instagram with this embrace to say no, you know, she had been working with the president all along and welcomes this development and encouraged by it et cetera but first tile least in memory since i've become a candidate where she's started showing pictures with the president. but again i could be wrong. now it is a popular issue and one for tile being that benefits her and her campaign. not till republicans are concerned about all of this. but in the meantime it might be beneficial for them to keep the focus on this law that they say is out of the financial control. republican congress mike turner on the president and these big wins because he's got momentum
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behind him for congress, what do you think? >> supreme court their situation made what i call a too big to fail decision. they basically said that if the -- we rule that they can't implement obamacare and manner they're doing it will fail so we have to save it. it really is not how we would want the supreme court to interpret laws they should be reading lawing and then telling us what authority government has not rewriting the authority. [inaudible] >> i suspect congressman as you probably do reading in between lines was majority of the decision here that it was based as much on -- oh, the greece and associated with just disrupting this whole thing essentially saying it is too far gone to train and long left the station too late to call it back that worries me to that regard that they more or less gave green light keep going, keep going because it isn't worse fuss or sweat to stop it. >> yeah, too big to fail argument we have to save it that
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is not. and what we should be seeing and how laws are interpreted nevertheless this is a win for the president now we have to move forward on issue that obamacare is broken. it is a system that does not work and putting pressure on our hospitals and been on the entire health care system. we need to look and piepgd ways to amend this law and a major debate in the presidential election because it needs reformed and need to make certain that we have a health care system restored and maintains quality care for our patients. >> congressman thank you very, very much an up hill belittle on this supreme court once and twice ruled in favor of the key components of the large test piece domestic legislation we've seen in american history it is still around and still here. and the president is still very, very happy. all of that is the case. we'll have more.
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. neil: all right. you didn't hear it from me, but the supreme court upheld those subsidies for health care. i'm just thinking if you just tuned in, thinking and that's where we stand and for the next 18 months at a minimum, that is where this law stands. still the law of the land, still un. soable. un. so stoppable. and general wishes it would have been it a different way, but it did not. and so now i'm wondering what do you do now? >> well, what i've told everyone is that i'm a lawyer, i'm not a health care policy
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expert, like many members of congress who wrote this law. but, say, lawyer i was looking at this from the constitutional standpoint. and what this has done is it's going to allow future administrations to tax and spend without authority from congress. that's basically that's happening today. penalties that are being levied on people who don't have health care insurance or the employer mandates that are going to be passed out to employers. that is basically a tax by another name. the subsidies by themselves are spending by another name. so now "we" abexecutive branch that can tax and spend without direct authority from congress. and that's the dangerous precedence from my point of view for future generations going forward. neil: all right. specifically to address those 34 states that have not set up exchanges who wanted to join but didn't have the state exchanges that would give them the means to join. so the court effectively said, you know, you're being discriminate against; right? i guess what i'm trying to get
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is what's the next legal leap? i don't see one short of putting it in the hands of the legislative branch or branches to try to tear this up once and for all. and that i think and that is going to be an uphill task, a big uphill task. >> and i agree with you at this point in time. i don't see another legal argument because the supreme court is basically ruled in this case. and so i've always believed and still believe that it is up to congress to fix the health care law. this is going forward obamacare or scotus care what they're calling it now is going to raise the cost of health care, and it's going to raise a mass of problems for health care going forward. so i believe that the problem lied at the feet of congress. and the point i'm trying to make is that we have a president right now that this law was unconstitutionally written, and now it's being unconstitutionally implemented, and that was the argument we've made.
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neil: all right. you know, we were getting word chris christie had said that he doesn't know what version of english the justices are reading here. we've also got a word that he is going to announce for president, that is expected to come next tuesday. he will become the 287th republican. i can't keep track of this. but, general, i want to thank you very much. i know you put in a effort here, and you're quite right to say it's now in the hands of the legislative guys to deal with this once and for all. all right. i want to bring in charlie on this gop appeal push, we got into it earlier, easier said than done, and now one of the things that you always get from the market is that this was a big mistake, i'm beginning to wonder since only three voted against it, and it's just scolia that came up with that. it's scolia, clarence, thomas,
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those are the three and now you're dealing with six moderate to liberal court. >> yeah. because he will be prove to be the -- neil: it's the second time. >> second time he got it wrong. this is actually an opportunity for him to do the first time, and he's gotten it wrong again. so you're right. there are only three true consecutives on the court. neil: how does that change the dynamics? >> there are no potential legal challenges. the republicans -- these candidates are going to run on rereal and replace. but knowing the fact that these subsidies could get struck down, the republicans didn't -- on one single well formed. neil: see that's why -- >> i go back to john mccain's plan when he was having for president. he wanted to put the power into the hands of the individual. give everybody tax credits, get rid of the tax rank that
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businesses get and just make everybody -- make it a la carte, let everybody see what they're paying for their health care. david was talking about last hour, you get these bills from the hospital and they say don't worry about it. >> i mean, you know, it's like coming up with a plan to rewire the world. i mean that's what we're talking about. this is huge. i would say this. i would -- someone should ask president george w bush what he think so of justice roberts right now. i mean i saw john on the air saying that the first president bush was lied to when he appointed david souter. i wonder if george w bush right now how he feels of justice roberts, did he lie to him? is it just this one narrow issue that he's a liberal on? or is this -- you know, what's going on with him. >> bush -- let me finish. president bush oversaw huge
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expansion in medicare. single pair -- neil: i don't -- >> president bush, does he support obamacare? this is bigger than that. this is a huge change. neil: are we talking about president bush or jeb bush. >> second president bush. and we should and jeb. >> with policy the objective should be to get a republican a conservative republican in the white house to -- neil: take a huge leap. and i think what we would have to say is such frustration and overwhelming victory on the part of that republican. >> it's necessary. . neil: i'm telling you, my friend. i agree with the frustration, but this is going to be like social security, medicare. >> costs go up. how about the free your as well? . neil: i'll i'm tell you with this is here to stay. >> editorial people -- neil: then it might be a different matter. the longer this goes on, the more time you give it, the
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more entangled it's in our lives. >> and it's very hard, until people really dislike this health care law, and it impacts their own pocketbook in a serious way, you will not be able to run on it and win votes. medicare, old people, democrats and republicans like medicare. >> well, that's -- >> all you can do is make the connection between hurting job growth, hurting businesses. >> that's now. that's now. the expectancy is in 18 months or 15 months or 12 months that the costs are kicking in on this thing, and the economic impact -- neil: but does your brother the doctor say in 12 to 18 months to the degree that they change minds? >> well, my brother says that it's very hard to unravel this thing given. neil: your brother sounds very wise to me. >> but he also says the costs are back loaded. neil: i know what's coming in waves over the next five, ten, 15 years. but that won't be by 2016.
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>> you don't have enough providers because of the costs to the providers. these are small business peoples that are the doctors of america. the vast majority of them are small business people. wait until this impacts them more and more and more. they're going to leave the business. >> we don't know. there's a rosy scenario here and the doomsday scenario that my brotherments of. i'm just telling you if you believe the doomsday scenario -- neil: you know, a good spin on this is people always frustrated with medicare and bills. they never see real relief. so if you're telling millennium the cost of increase would be higher than what they're seeing now, it's, well, it's pretty much a pain in the ass now. >> right. neil: i think they're so shell-shocked that we're grateful for one, two percent growth these dates, we just got used to getting our head banged against the wall. >> there's something happening in health care that could change the way people feel about how it's being delivered. there's a lot more care being delivered as the out patient facilities where you go and see a practitioner.
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neil: this will encourage it. >> no. but it's easy, and it's not as expensive. and you have now with technology you can communicate with your doctor not go to a office, get him to write a script for you, call it in. neil: no, i agree. i want to bring heather in and include her in this mix. you're a very good lawyer, you've followed this around, a lot of people express about justice roberts. i wonder now if this court is a very different court, it's a 6-3 liberal to moderate court. what do you think. >> no doubt about it. we've seen justice roberts in the first obamacare decision he wrote the decision, which was a big surprise to a lot. here he also brought kennedy on with him. and we've seen inspect general through this session that i think 54% of the rulings have been liberal leaning. so without a doubt we have a more liberal court. the interesting thing about that, neil, is that so many of them are at the age of retirement. so if you look at the next election, one of the most important things in that election i think is the fact that this next president may very well appoint four supreme
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court justices. >> exactly. >> and this decision, they truly -- i mean when you read scolia's defense, it's right on. they rewrote the law, and if the supreme court now suddenly is able to do so, then it's even more important for the next president that we know what kind of justices that person will appoint. neil: but bottom line it's a mood point as far as this law is concerned; correct? >> that's correct. and the point that you guys just made about the facts that people are going to be looking to apps, you know, walgreens has this system going on where you can do tell medicine where you're being treated by a doctor through an app, which is to me very worrisome to the patient's point of view, but this is going to be the future because the availability of doctors is just not going to be the same, whether it's doctors leaving or just too many patients. neil: what do you think, guys? >> this is going to be -- now, because of this decision, this will be much more of an issue in this presidential campaign, and i think she's right.
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neil: you've got to have people annoyed and angry to the point that they're fed up about it. >> it's all about the economics; right? our economy is not going to be dramatically better in a year because the policies are going to be in place. this is just one more economic issue. neil: what if you can't? what if people aren't feeling that palpable rage that you are? >> well, they are peeling the rage. >> they have defined deviance down when it comes to economic growth. 1% economic growth is considered great by the new york times. it was never historically great until obama became into office. so, you know, we'll see if, you know, how they cover this thing when the premiums start rising. do they start pressing the outrage button? or are they going to be obsessed with donald trump's comments about mexico. i don't know. >> the critical thing to steal charlie's point is how these candidates articulate their ideas about fixing it and how they can tap into any potential rage. .
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neil: very good point. >> huge benefit to dr. ben carson. he's still third behind bush and trump at the moment. he -- i mean he is an incredibly famous pediatric neurosurgeon. what can he tell the american people? what is his solution? >> i think this plays into jeb bush's strings because jeb bush is the most policy of all of them. and he is articulate it well. neil: and final to you, any of these candidates and who is in a better position to make that argument. >> you know, i think today the responses you've heard from everyone, i agree with charlie. jeb bush's response has been more specific with regard to. neil: what did she i wish you didn't agree with charlie. >> i hate to do it myself, but every once in a while i have to do it. neil: all right. >> what he said was true policy and less esoteric. neil: i lev my world in esoteric, and we were saying throughout all the candidates that imposed this, and for
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those of you who just tuned i in, that this thing is shut down and reinstated on the subcommittee kicked off, he was in here, i thought it was a huge injustice to move someone into a broom closet because it had didn't agree with you. and then i had congressman chase, the guy that moved into that broom closet i said why did you move into a broom closet? and now that i'm hearing backtracked and reinstated and punished gop lawmaker out of the broom closet and the tony soprano tactics will not stand. >> that's the power of coast to coast right there. >> don't you have a valet at the end of your name like tony soprano? . neil: good-bye. you're welcome, america. we'll have more after this you total your brand new car.
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>> well, today is a victory for hard working americans all across this condition whose lives will continue to become more secure in a changing economy because of this law. neil: all right. a very happy barack obama today. he has another attempt to repeal or get rid of a key deponent or all of the signature act as president of the united states, the affordable care act that some simply call obamacare. but it is a huge federal initiative in real dollar terms the most initiative as far as domestic is concerned in american history. and it is in place and will be in place for the next 18 months. two very significant developments i want to pass along here today. i think the shift in the supreme court, the fact that justice roberts was able to -- i'm sorry justice kennedy and ensure that 6-3 majority decision to keep these
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subsidies in place, leaves a smaller conservative coalition. down to just three. so you think about it, i think it's a 6-3 moderate to liberal court. let's take a look at the corner of what's going on. if this was big government, the supreme court giving a green light to more of it, you might think that this would be an unwelcome development, especially when the consensus was it would go just the opposite. it is not. take a look at that. we are ultimately looking at now an up market. what's more health care related stocks from hospital chains to drug makers, they're all running up on this. and do you know why they're running up on this? because they're big beneficiaries of federal dollars. and do you know why they're big beneficiaries of federal dollars? the key component of this health care law is the oxygen that essentially keeps them going. the reason why the chairman said who am i to argue, and i
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invite a large like the federal government to offer me advice because they are such a big player in my business, and they will remain a big player. but think about that for just a moment before i get to my next guest. we have the market involved through the federal reverse, for which it has provided all of the defendant's liquidity through the years, and now these interest rates, even if up a little bit, will still be accommodated through a market that needs that oxygen, that needs that nicotine. so this is a market that over the years i've certainly been here at fox has shifted, and this has happened under republican and democratic administrations alike that depends on the government, depends on federal help, whether it's the federal reverse or in this case uncle sam providing money for health care issues. fascinating what's going on here. and ron johnson what he makes of this. senator, what now? what do you think happens now?
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>> well, neil, well, certainly it's not a -- it's certainly not a -- it's a victory for big government. no doubted about it. it's a victory for big government and i suppose for those fewer taxpayers that benefit from obamacare and it's a real loss for the rule of law. it's loss for hard working tax paying americans who are going to have to fund all these benefits and also a big victoria for the big benefits. so this is a very disappointing decision. it's going to make it that much more difficult for us to repeal and replace obamacare. neil: do you think you have akin? >> again, it's going to make it that much more difficult. . neil: i don't think it's ever going to happen. i'm just reading the math and the numbers, and it says you might be able to tinker with it, but i think that this is -- i'm not saying invested stone, but darn near drawn into it. >> goodnights put a lot of pressure on the republican
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presidential candidate to show you the american people just how damaging obamacare is an and then also show them what the path forward is. you know, how reforms and actually rely on the free market to limit the rate of growth and cost that actually improved levels of quality and customer service. that's what the free market does. that's what we need in our health care government. and, by the way, i think americans now do understand what a public run government run health care system is. it's called the va system that hasn't been working out sole. . neil: but you need more wrath on the part average americans; right? to support that argument, i don't doubt some of the things you're saying. but unless there's -- >> no. i agree. neil: collective rage, it's not evidence in itself; right? >> that was a problem in 2012 it was hard to run that election against obamacare because there was just conjecture and theory. americans actually relying on the president when he said if you like the health care plan, you can keep it. we now know that was lie of
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the year. so the americans do have more information going into the 2016 election and it's going to be on the nominee to make that case. . neil: thank you very, very much. senator johnson, you know, you hear back and forth and i want to clarify this without getting overly nerdy about what's real and what's not. there's a difference for health care cost, in other words, what it costs you for the coverage that you're getting when you go to the hospital and the doctor, and the premiums for the insurance that will pay for that. the overall health care cost to the president's credit has slowed, the increase has slowed. unfortunately, for the vast majority of americans who have private insurance, the premiums to support that coverage have gone through the roof. they are not calculated, though, into the overall health care cost picture. i thought you should know that because it would be sort of like talking about the solar system but leaving out jupiter.
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jupiter is a big plant. it's a huge plant. we'll have more after this the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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>> breaking news for you on cavuto coast to coast, an update on the rioting by taxi drivers in paris. some incredible pictures that we've seen all day. taxi drivers protesting an uber service. this uber service is called uber pop over there, it's lower tier, it matches passengers with nonprofessional drivers, amateur drivers, the taxi drivers were outraged, setting tires on fire, blocking the roads in and out of the airport, attacking cars, attacking uber drivers. uber finally responding with the following statement. uber firmly condemns the recent acts of violence against uber partners and their cars perpetrated today
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in paris and in other french cities. waver the anger, violence is never acceptable. they would like to underline the fact that no french court of justice has declared uber pop illegal. however you did have a french official come out and ask paris police to essentially ban uber positive. if you want more pictures of this, courtney love, the rockstar was caught in an uber out by the airport. there's one picture of her, but she was in a car. she said that her driver was attacked, held hostage. the window was beaten out on her car. so, again, rioting by taxi drivers and paris we will see if this continues. neil,. neil: incredible. thank you very, very much. all right now we've been talking to you about what the impact of today's decision will be, another status quo, subsidies remain on the six and a half millions americans benefit from the subsidies to keep health care will continue to get it. but you always want to know
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what things are like on the trenches, the front line of those providing emergency care, who better to ask than the emergency care children. in the emergency room itself and beyond that in just your first gateway to getting in a hospital is through that room. >> yeah. neil: what's changed, what will change? what do you suspect is going on. >> well, it won't change that these 6 million americans are going to continue to get their subsidies even if they live in a state that has a federally based exchange. so we're not going to see them lose their health insurance, this death spiral is not going to happen. but i think what we're missing out on and be a little shortsighted when we look at this situation is having health insurance doesn't necessarily translate to a better health outcome. it doesn't necessarily translate to accessibility to health care, for instance, i
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had patients come to me and said, hey, this isn't an emergency problem, but i have medicaid and i can't see my doctor. 45% of doctors don't accept medicaid, so i think that since people have health insurance, they assume they're going to get health care. neil: there are going to be more people in waiting rooms across the country as a result because more people would quantify to get the care. do you see that at all? it doesn't sound like you are. >> we are seeing our volumes increasing across the country. there was a study published recently showing this. and i think it really alludes tot fact that having health insurance doesn't translate into being able to find a primary care provider. it doesn't translate into more cost effective care, the er is not the most cost effectively . neil: wait a minute. what you're saying here is that the one thing you thought might end for people who had coverage could always get taken care of as they went to
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the emergency room. if you give them health coverage, coverage and now you're going to get the care. >> exactly. we have not seen that happen. the promises that were made even with the implementation of the affordable care act, they have not come to fruition, so we're seeing that this is not working and, unfortunately, today with this ruling, we won't have the opportunity to go and review that like we would have hoped . neil: thank you very, very much. >> thank you. neil: you know, the more we're piecing this together, the better we can understand what this all comes down to if i can be so simplistic about it. you have a system here, we want to make sure that they're taken care of. we are a country that is compassionate after tall awl. it is certainly good to cover preexisting conditioning and keep on policies longer. i think the reality that is hitting the road here is this notion that you can get all of that and not have to pay for that. six and a half million americans got insurances today from the highest court in the land that they will be able to get that and they, for example, will not be paying more for that. but the cost of all of that,
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about $2 billion, is going to be born by somebody. that would be you. we'll have more after this it's a highly thercontagious disease.here. it can be especially serious- even fatal to infants. unfortunately, many people who spread it may not know they have it. it's called whooping cough. . . understand the danger your new grandchild faces. talk to your doctor or pharmacist about you and your family getting a whooping cough vaccination today.
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they are not just the supreme court. that they are the supreme branch. and they are pretending to be the supreme being. neil: to a man and to a woman carly fiorina among them, all major republican candidates have ripped the supreme court decision, one that was not expected. a 6'3" vote keeps those -- 6-3 vote keeps subsidies in place for six 1/2 million americans getting them. support system that depends on them as well, health care companies, insurance companies. trish regan following them all. trish? trish: they're all up today, imagine that, neil, hitting all-time highs, highest they have ever sign for a number of stocks, cigna, hca, centene. they get a big win from all of us, us taxpayers who will be basically lining their pockets here. federal tax money going to support our health insurance companies. so they're happy. they have always been in support
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of this because it is almost like they become like a utility play, right? they're getting money on a very, very straightforward, annual monthly basis. getting it from all of us. so it is a big support. neil: i see all of them benefiting to your point, trish. we were raising it early in the broadcast, but the stock market in aggregate holding its own. down now. by and large doing okay in what is a massive federal initiative here. whether you're for health care or not the government is playing a key, huge role here. but i guess i shouldn't be too surprised of the come to think of it these markets come to depend on post. depending on federal reserve, with a meltdown, posting cash throughout the system, each and every month, month in, month out, now through lower rates, even if they go up a little bit are quite accommodative. trish: we're overly dependent on a lot of things. neil: that's my point. trish: carl icahn is telling me
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the other day he is really worried this market is dependent on the fed. you create other kinds of problems when you do stuff like this. obviously with entitlements. that is a concern. with us subsidizing health care. a effectively janet yellen is subsidizing the markets. we are in very much that kind of range, in that territory right now, where people ask themselves are we creating another kind of asset bubble, neil. neil: we don't know until we do know, trish. could explain why we're seeing a nonplussed reaction we are. trish: could be. neil: see you at top of the hour. trish: see you then. neil: we have senator mark warner. this notion whether you're on the right or the left there does seem inclination to recognize the obvious. the government has a very big seat at our capital table. it is evident with the supreme court support essentially for the health care law and what we've seen the fed do for many
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years, propping up these markets. what do you think? >> well, i think you're right, neil. it is why i think, as we see additional employment growth, the fed will have to ratchet back on easy money supply. it is why you and i talked a lot of times last year about ratcheting back the federal government's role in the housing market in restructuring fannie and freddie. i would point out on the 6-win on obamacare. after the bill was debated for years, after presidential election, after now two supreme court decisions. one point i would point out from one of the earlier commentators is, yes, there are subsidies now being given but there were still subsidies because when people didn't have insurance showed up at the emergency room, and received services those were still costs that were passed on through higher rates for those of us like myself who have private insurance. neil: no doubt. what i find surprising, e.r.
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practitioner just said hospital emergency rooms are still crowded. she was surprised about that. >> we'll have to look at utilization models. part of the whole promise on obamacare do a little more on prevention end so you don't end up sick back in the emergency rooms. we have to acknowledge, this is where i hope the debate moves now, we're not going to relitigate the premise. we say, how do we fix this? how do we make it better. i will give two or three quick ideas. obamacare is way to prescriptive. we ought to alter a cheaper alternative. we have platinum, gold, silver, bronze, i have a copper plan for particularly young people, cheaper notion. cut back on government reporting for smaller employees who have to employ their kids social security numbers on monthly basis. that makes no sense. why don't we allow statewide insurance commissioners to put multi-state pools together to sell insurance across state lines.
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neil: does the president support those initiatives? they found very come son sensual. i agree could think anyone will do this anytime soon. he said he is open to this but those are very specific ideas. what does he say? >> i think challenge is on both sides. neil: yeah. >> administration saying let's not have any discussion about changes until it is litigated. there is a awful lot of republicans that i work with on regular basis, mark, i more than willing to work with you but can't do anything until after the court case. time for both sides to say let's roll up our sleeves to get it better. one last point, neil, congress, i don't care which side of the aisle you're on, congress never gets it right 100% especially on big deal. you have to always come back to do a bipartisan fix. neil: again and again, i guess. thank you very much, senator warner, in washington in the heat of all of this. good seeing you again, sir. i do want up to date you as well we have not forgotten about
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greece. they still do not have a deal. normally that would rattle the markets but they have resigned themselves to something half assed. i don't know what that will be. protests in greece, they're not budging. lenders are not budging. they seat across the table from each other and stare each other out. we'll have former world bank president and defense secretary paul wolfowitz what happens next. after this.
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>> i'm dagen mcdowell this is your fox business brief. fox news chairman and ceo roger ailes has signed a new multiyear deal with 21st century fox. ails is also the chairman of fox testimony vision stations. ailes will report to executive co-chairman rupert murdoch as well as incoming team of twenty-first-century-fox including ceo james murdoch and executive co-chairman, lachlan murdoch. the announcement was made together by rupert murdoch. lachlan murdoch and james murdoch. rupert murdoch released a statement saying in part, lachlan, james and i are delighted roger will lead key business for us and our shareholders for years to come and he has our unwavering support. lachlan and james murdoch also saying quote, roger is an incredibly talented executive and we're pleased he accepted our offer to continue his extraordinary record of success
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as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business. neil: on busy news day, john kerry, secretary of state will go to vienna to iron rout details with iran on nuke deal. things have gotten frayed between the countries to put it mildly with hash language from
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the iranians we'll not let you inspect our stockpiles and death to america. it has been a mess. former deputy secretary of defense paul wolfowitz with the latest on that. where do you think this goes, paul, if you had to guess? do we get a deal? >> i hope we take the time to try to get a good deal because a bad deal is much worse than nothing. we have a powerful sanctions regime hurting iranians badly and severely limiting ability to do mischief. i think we shouldn't let up until we bring it home. neil: i'm sorry, paul. when i hear the 50 billion-dollar bonus they get for agreeing to this, that is lifting sanctions worth $50 billion, right? what is the trigger for that? signing on to this deal? agreeing to what? >> well of course that is one of the points disagreement.
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the iranians say immediately signing deal all sanctions should be lifted. u.s. is trying to say as they comply with the terms only those sanctions nuclear related should be lifted. neil: right. >> neil, one of the problems, some of these sanctions were imposed for example, because of the iranian attempt to assassinate the saudi ambassador here in washington. is that a terrorism sanction or is it a nuclear sanction? looks as though the administration will try to define everything as a nuclear sanction so they all could be lifted that would be terrible. neil: you're closer than this than i will ever be and certainly know the intricacies more than i ever will but i get an impression as an outsider they want this deal a hell of a lot more than we do and i don't know why. >> they need it much more than we do but we're acting like the party that needs it so desperately. i don't think we do. we have them on the ropes and ought to keep them there until we get what we need. you mentioned, it is indeed, the
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more you dig into it, the more complicated things become. i almost think that there has been some effort to make it deliberately complicated so that it is hard to debate and understand. but i think -- neil: one thing i understood, paul, this notion at least some iranian top officials said, you know, inspecting our stockpiles will not be a part of this deal. we don't want you to do that. that immediately trigger some republican unrest, wait we have a trust and verify. i don't know if it went so far to say, no, you can't follow whether we're keeping this at all but the take in the united states that's what they're saying, trust us and stay out of our business. is that right? >> we're not allowed to inspect anything on their military facilities. neil: right. how can you possibly know they're keeping to this agreement? >> you really can't and i think something else that is worth mentioning is more and more we see signs that what we've basically written a blueprint for any country that wants to develop nuclear capability while pretending it is for peaceful
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purposes can follow what the iranians can do. neil: we offered them reactors to help them along the way. >> russians have gone to saudi arabia to talk about nuclear cooperation? give me a break. neil: i did want to pick your brain very quickly on greece. the only reason i wanted to ask you this angle of a question is that the greek prime minister, over the course of three days met three times with vladmir putin. i'm beginning to think to myself, he worked that scary equation in to, i think strong-arm maybe european lenders, european central bank, european union in the aggregate to get a deal because he could then threaten or appear to threaten like a free agent, well, look who else i'm talking to? to the vladmir putin and russian angle on this greek mess, what do you think of that? >> i think putin has made it clear he doesn't like nato, he doesn't like the e.u. anything he can do to break up western unity is seems to be in his
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interests. that is why he is such a dangerous man with a lot of money to throw around. i think your speculation about greece makes a lot of sense to me. neil: paul wolfowitz, always a pleasure, sir. thank you very much. >> my pleasure, thank you. neil: not too far away from that deal paul alluded to and whether we can cobble something together, to his point, maybe my fear, does seem we want this a lot more than the iranians do which is kind of screwed up. we'll have a lot more after this. the real question that needs to be asked is
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see car insurance in a whole new light. liberty mutual insurance. neil: all right. this could be coincidence on the supreme court day but we're getting word that human ma, the big health care provider humana, has been halted, it was up 8%. on rumors aetna is sniffing around and might be interested in buying the company. if you heard this song before
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because a lot more are dancing to the same merger tune in this industry. this was happening before the supreme court decision today but aetna of course, its ceo was talking to reporters not too long ago about the role the government has in this undertaking. he takes no umbrage or offense how to do business. keep in mind these guys get a lot of federal dollars which is why the supreme court news was deemed so favorable. imagine if they ruled expense the subsidies it could have been damaging issues that benefit so much from uncle sam. look at some of them. they're racing in and out of all-time highs. health care stocks, hospital-related stocks, all doing very well. in fact this entire law has been the wind at their proverbial back. they are instant beneficiaries of all this largesse. depending what the views on health care law, whether it helps you or not, whether you pay more for it or not, the fact of the matter we need all these guys.
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they control the spigot that gets us the care we need or at least the approval to get the care we need. many of them have been charging folks through the nose for this but the fact of the matter is they are big beneficiaries of big government which is why this news today was not so damaging. that's what i find so remarkable in near ending of two hours of broadcasting fallout from the supreme court decision. the market's sanguine response to market response to big government allowed to stay big and this federal initiative. we so day crassly that we're at the government's teet. we give getting is from uncle sam. we're at time and age 47% of americans pay no income taxes. some for very good reason. they're veterans or retired. i remember in grad school that was in the 20s. that was only a few years ago. all right, maybe a lot more than a few years ago. so what has happened?
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i tell you what has happened, the government, it is everywhere. the government it is helping everyone. and today, the highest court in the land essentially said, that is the way it is and we can not even envision changing the way it is. this big decision that a lot of hotshot lawyers are examining and reexamining, you know what it really comes down to? six justice saying do you really want to make this a pain in the butt and do this all over again? do we really want that? six justice said no. we're down to three conservatives who said, what the heck. we'll have more after this.
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neil: all right. we got word a little earlier chris christie will maisch it official. the new jersey governor is dealing with problems back home and very low approval ratings because of a south-leaning economy there and problems with pensions and the rest. all of that notwithstanding he is ready to make a presidential announcement next tuesday.
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we have 13 officially in this race but we could not be too far away having a couple dozen in the race. how that figures out for him, a guy who was the prohibitive favorite a little more than a year ago anyone's guess but that field is getting very, very crowded. to trish regan right now. hey, trish. trish: one big party for the pubs. thanks, neil. the supreme court siding with obamacare despite how the law was written. it was a huge victory to president obama who reacted to the news a short time ago. watch this. >> after multiple challenges to this law before the supreme court, the affordable care act is here to stay. this was a good day for america. trish: the ruling was 6-3 with one big dissenter. peter barns joins me from the steps of the supreme court. peter, justice scalia was pretty scathing in his dissent but you had chief justice roberts out there saving the day for the president. >> that's right. writing for the
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