tv Forbes on Fox FOX Business July 16, 2017 3:00am-3:30am EDT
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undervalued. >> ben. >> spdrs as usual. not bitten. >> i want you all to be millionaires. see you then. >> the one thing republicans ab democrats agreeing on this week, fix obamacare by spending more of your tax dollars on it, but is that the right fix? i'm elizabeth macdonald in for david asman. forbes on fox. a and, steve forbes, is this the right fix? >> absolutely not. we've seen time and time again, throwing money at these things don't work. between 2012 and 2015. veterans died in the waiting rooms. ethanol.
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no improvement in the environment, despite tens of millions there. the worst one medicaid over half a trillion dollars and the more money they spend the worst outcomes for the patients. >> if you take a look at the revised view. they say this was a spending bill. you have democrats with their own way to fix obamacare. more want to throw more money at insurers on the like. the deal, if they're throwing more money at it. i'm not oppose today spending more money, but it has to be upfront, people are getting the right care at the right place at the right time and value-based approach, based on getting people well, which is some of the opioid money is going to do. it's not going to address the problem. >> to rich's point on obamacare, some doctors are overprescribing, if you toss more money the problem, is that
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the right fix? >> boy, it's not for two reasons. let's throw some of the doctors doing that in jail and throw away the key. they've helped create this problem, but number two, this idea that, you know, moderate senators like rob portman of ohio and lisa from alaska, holding it hostage, before they get more money to their state, i hate that. >> to rich's point, ohio i think 800,000 more people went on medicaid -- medicare, and more went on medicaid. what do you think of throwing money at obamacare reform? >> i think it's terrible. i think the republicans and the democrats have both abandoned capitalism and the free market. both have horrendous proposals.
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medicaid, why would you want to tie your health care system to an entitlement program where spending is completely out of control. >> what do you think? >> i'm a mom and studies say stop throwing more money at your kids, and spend time with them. and i think the same thing, let the market allow for competition. this is what drives innovation and drives down prices and i think republicans have sort of forgotten that. except senator cruz who did suggest we move away from the minimum essential benefits, that part of obamacare. and consumer choice, and that's one upside of the bill. >> medicaid and medicare, something like half of the health market, rather, maybe even higher. what is the fallout of having so much government intrusion like that into the health care space? >> you have less innovation, because they just stay with what's there. and you still can see that in europe and other parts of the world.
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and the other thing is the quality of care goes down, because they tried to control these costs by denying doctors more money, and so, as a result. they prescribed more tests, more hospital stays, more outpatient and so, the patient ends up worse on medicare and medicaid. >> john, john, come in. what do you think? >> oh, i think mike is right. both sides on this subject are hopeless, you don't create markets by government spending more money. markets, quite simply, are. and so if the idea is we want health care markets, you get government out of the way and markets will form, and by competition, markets and priced for health care services will go down. the problem is republicans and democrats. health care is easy. >> so, you hear all of these arguments, do you agree that you're spending more money is the right way to go? >> listen, in the affordable care act, there's a thing called medicare shared savings plan, which is save money. if you give a group of doctors, let's say this group of seven of us, $100,000 and say give
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everybody, including bruce an anti-depressant so get through the election, and if those costs go down from $100,000 to 80,000, the doctors get to keep half of the $20,000 saved and the other $10,000 goes back to the government. they're not going to get rid of it. >> that sounds like a plan that bill would love. what do you think, rich? >> what i think, steve forbes brings up this all the time and it's a novel idea, that once you hear makes sense. in another part of the world you have a growing market and growing demand, is this a problem? the free market would love to serve the rising demands of people want better health, more health, more sophisticated health care. >> we've never had a free market delivery in health care? >> you're absolutely right. the problem, where does it go? it goes to what's happening to that family in england where
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told by the government of england their child must die. they can't bring their child out of the country to the united states for perhaps a miraculous cure. that's where government control takes you. >> sabrina come in on that. >> and to rich's point of government. the less in the private sector to solve the problem. it seems easy to throw money at the opioid ep dem, which is real and scary, but what is ignored in this are the ways that some of the drug companies are trying to come up with new drugs that are not addictive, opioi opioids. that's lost and the resources are taken out of the economy for something where the government is trying to play catchup in a silly, foolish way. >> john, come in, we haven't had a free market in health care delivery? >> yeah, if we'd had a free market in health care delivery, it's cheaper. let's look at cabs, dirty and things like that. suddenly uber breaks that
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cartel up nationally and internationally altogether. they're rapidly trying to push cab fares down, want to $2 for very long trips and driverless cars. why wouldn't that happen with health care? no one has been able to explain that with health care. speaking the cartel industry, the insurance industry has a lock on state capitalism. no free market, selling across state lines. obamacare didn't do it, only five states tried it. you don't have the posting of doctor prices, and in hospitals. you don't see the free market and tort reform and still what we're seeing through congress, right? >> and these were republican bills and i'm glad to see at least ted cruz is going to allow insurers to offer policies you might like instead of what washington says you must have and get a real individual market with real competition, have interstate commerce, national shopping for it. medicare should mandate prices posted. and by golly, the system would
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start to change. >> the system would start to change and happen. who would have thought. >> up next, huge news on the war on terror. u.s. and iraqi forces kicking isis out this week and someone here says more victories over there help us secure our safety and economy here. now, are they write? we debate next.
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foxnews.com. liz: a major victory against isis this week. iraq's u.s.-backed military forces taking ban mosul, the capital of isis' so-called caliphate. and you're saying that we need victories like this, will this work? >> this is a very, very important first step. not just from a military perspective, but symbolically because of mosul's importance historically in that region.
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and it may, if done right, be a blueprint for what is being done in syria. liz: what do you think, john, will these victories make us safer? >> i reject the premise. if he haven't been in the regime change, isis wouldn't exist. why do we think that vanquishing isis will lead to a peaceful new group and make us safer in the u.s. liz: and we've made progress more in isis more in the pass six months than a year. >> perimeter defense. better having them there rather than fighting and terrorizing us here. the biggest mistake in iraq, we won there, and president obama withdrew our troops in 2011 and let the country fall apart and isis rise up. there were six blogooy years as a result of president obama's mistake. he threw away with what
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american soldiers had won. liz: and who do you agree with, john or steve? >> i think there's a bigger issue here, too, this is with the symbolism of this. you know, iran is watching this and iran is wondering whether we're going to be the passive player that we were in the a administration, or we're going to be newly aggressive or at least attentive to the problems. we're sending a message not just to syria, but to iran and iran is the chief instivictotorf bad things in the middle east. liz: and sabrina. lormer fbi director james comey did warn about a terror, once the isis territory in syria and iraq is crushed. and we sthr this week a usaf. soldier in hawaii, arrested on terrorism charges. so we're still seeing lone wolf ahorests here. do you think that comey is right? >> well, that's a foyer-- worry. i want to be on the side of
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steve and sympathize with what john is saying we don't know what is coming next. beyond isis, and the egregious human rights violations thisser' committing, there are those loosely associated with them and commissiveing acts of tehoror if their name. i don't know that fighting them over there could necessarily make us sa grr, but we can't turn a blind eye and leave it on its own. liz: do you agree increasing military spending? will that help wipe out terror like isis? >> i think whatdloohn alluded to, followers of isis become less fanatic when they're attached to a bunch of losers, so that does make a difference. liz: that's interesting what bill just said, mike. the president went to france, and the g20. it seems he has a more robust
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aassertive position rather than president obama's lead from behind. >> he's made his point clear and has been consistent on it. as he continues to have the victories, more countries outside of them will realilaz tru s is right, and sort of align themselves with them he's made some progress with that and his speech in poland the other week was s bebulous, veswish more people would read t speech. that's part and parcel to de grating isis and helping thi vescountry and our allies. liz: western values, liberty, democracy. vesanddlolike n f. kennedy woul vessaid the same thing, his watchman on the walls of . phow do you stop lone wolf attacks, knifings and the like . pcars. i mean, how would you stop that? >> we can't stop them here. . pgo? >> wait a second we were talking in the previous sisis,ment of t vessheer incompetence of
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republicans and democrats on . pwe think those same groups c vessomehow transform the backwa part somewhere on the other side . pbad things are going to happ. . phas been foiling terror plot vesaround the world, right? . pone of the big dif grrences have trained military around the . pthat's dif grrent than our veslawmakers who may have great ideas, but the path paved with vesgogoo intentions. ves>> you don't have to try to remake countries. . pafter world war in h, you ma sure that the bad guys aren't going to get away with it, that veswe're going to hold them to vesaccount and iran is very muc . piran. isis was supported by isis defeat, defeat for iran.
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liz: rich, we'll get to you in . pbill, final world. >> we have to be realistic. we're going to fight isis or a vessuccessor for ten years. liz: i was told i can go to . p>> i agree with bill. vesliz: thank you so much. the cashin' in gang ready to . peric, what have you got. eric: hey, e-mack, president ã . pthe va and amazon all over t world, are products now saving . pleli: thank yo ã more than one in three americans saying that college is not a vesgogoo investment as almost h of americans with student loan . pand now some on forbes say vescollege is a waste of money. . pw
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♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> welcome back. the class of 2018, well, they may not like this next one. a new report finding more than one in three americans think colleges and universities are having a negative impact on the country. that, as another recent survey finds almost half of americans want the president to forgive student loan debt. rich, are these proof that colleges are a bad investment? >> colleges aren't the automatic good investment they used to be. college costs have gone up three
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times the national income or the last 40 years, you've ranted appropriately about that yourself, elizabeth, and you have to be crafty how you're going to spend your money and spending a lot of money to overland to learn hate for western civilization is probably not a good return on investment. liz: and the reserve bank found because of rising tuition in student loan debt there's been a double digit decline for home ownership for memorials. isn't it a sign that colleges are hurting us more than they're helping us? >> i don't know if that's a sign. the problem is, there might not be enough options within higher education. we have retraining workers in this country and maybe we don't have enough options at the community colleges and trade school level. >> john, what do you think? >> college used to be a good investment precisely because it was so difficult to get into and complete. it was never about what you learned. so long as everyone can go to college, of course, it's a lousy
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investment and credit tensions. >> shouldn't it be what you can learn and use in the work force. student loan debt, sabrina, is more than a billion bucks. >> and our financial system is taking over on the right. i think we have a lot of problems to solve, tuition is one of them and the government is to blame for that. i don't think that learning is a bad thing. liz: do we still need rounded-out liberal arts agree? >> i don't agree, it's fraudulent. although grads do make a lot more money, it's only because they're smart and persistent and going to college doesn't improve those traits. liz: that's interesting, steve. what do you think, colleges and universities are a good investment. >> depends on where you go and what you get and taking a hard look. one of the reason is the cost is
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expensive is the bloat of government subsidies. no reason for a kid to take six years to complete school when you could do it in three. and you never know what's going to happen in life, you better have a good tool kit. liz: are college getting better at courses, rather than the cultural impact of soap operas? >> if they don't they're going out of business. we need to mention the obama administration declared war on for-profit trade schools at the time we need more trade schools and adult education. we've got to remove that barrier. liz: coming up, that was great by the way, gang. more than 40 million americans say they're working side jobs for extra cash. we've got informers here and they've got the stock picks they say will work for you so you can
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>> we're back with the stocks that work for you. >> i like am-dot. it's had some bumpy earnings. it's balance sheet is debt-free. liz: do you like that? >> it sells bss virtualization. if you have any idea what it is. buy that stock. liz: bill, what do you like? >> angie's list. although it has had troubles and needs remodeling, it's a great platform for moonlighters like carp percent. liz: do you like angie's list? >> no, i think they will be replaced by facebook posts with local plumbers. liz: do you think there's a chance it goes up. >> if the fed reverses the policy and raising interest rates. liz: what do you think, bill. >> well, i think that mike is essentially right for the near-term.
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watch out, there's going to be a big correction in february. liz: that does it for forbes on fox. thanks for watching. keep is right herement the number one business block continues with eric bolling cashin' in. >> if it were up to me and somebody were speaking to the media or leaking information which could be potentially detrimental to the administration, i would fire him on the spot and president trump would do the same thing. eric: the former campaign manager says the president will waste no time in doing that, the same way his administration has already canned more than 500 federal workers at the massive and inefficient va. is saying your fired the best way to drain the swamp and plug the leaks and save taxpayers money at the same time? welcome to cashin' in, i'm eric bolling. welcome, everybody.
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