hi, everyone. welcome to "on the money." i'm becky quick. obamacare is still the law of the land, but changes could be ahead for your health care. we'll speak to a man trying to revolutionize his piece of the system. keeping children safe, how smart socks for infants could be a lifesaver. common mistakes most anyone can make with theirem, avoid th and what to do if you've made them. from directing to dog f retirement and why boomers aren't ready to call it quits. >> i get bored. >> "on the money" starts right now. >> announcer: this is "on the money." r future. now, becky quick. we begin with your health care. president trump and the reblrepeal and replace the affordable care act failed, but what could it mean?

and with alls, will it bring ou that's our cover story. >> we're going to benfter theirs attempt to repeal and replace obame floor amid squabbling. in the seven years since obamacare, or thew, the house has voted at least 62 times to al symbolic gestures with a democratic president in place. pudualandate in the aca, a requirement that all americans buy health penalties, and say policies are reduced the number of americans without health insurance to less than that's down from more than 17% in 2013. the aca failed to control hea insurance prices on the exchanges went up an average of govnment

provides are extremely expensive. this week, republicans say the fighto over yet. >> obamacare is doing too much damage to families.so, we're go right. >> jonathan bush is the ceo of oubased service that provides recordkeeping and medical billing for 88ee you. thanks for being here beck of right now.onathan, the plac is t >> obviously, in general, if you're in shsiks from the politl are always a direction, evead shocks. so, anything t our work is good little more competitive andfolk- you bad there's a lot price can do. there's a lot we can do, as

work. e> by price, you mean in the regulations? >> tsnten of the wer in new competition at the low lots of t like tur would rather not have it t their salary as they want. lthobama distribution infrastructure to give the s fines if they didn't play. obviously, what would betes tha afford and that they ere the like, that they buy. think should happen next. happen next? >> in health care, if you buy a cheaper product, you can't keep the money. $450 dollars. mammogram is

,ame image comes out, but if you you don't keep $1,000. blue cross blue shield. >> have a way of knowing hat as a consumer. want to be wasting money and going to the most expensive place, but you're right, if i don't have any skin in the game, it comes down to a matter of convenience. >> and you make a very good point, which is there are lots of things you can do without the market being all the way fixed. deductibles are going up anyway. >> right. >> deductibles were not illegal during obamacare and are continuing to march means therf care where people can keep place. that's starting to happen. at he, we're taking these 88,000 doctors and a anoth thei up on the retail your favorite, and pick easily, like openab obamacare is essentially going

>> well, aspects of obamacare that are definitely have death programming in th insurance mar where you don't have to buy car insurance until aft and that phenomena is happening, and that's wha in the individua on thema% price increases a . mentned that you have 88,000 doctors who use you, use yournt what's the number one complai t that we offer to doctors admini to submit and codes you've got to teot to write. we take about half of that away, buthe there. doctors choose us to get half of that crap removed from their lives,o a t get the other half out of their lives. so, the majority of our reductif

that nonclinical, administrative, drag that is sort of malaising the practice ofed and patient. >> the always colorful jonathan bush. you. >> thanks for being back, becky. another item on w border adjustment tax, which would place a tax on items that ar th. it would raise a lot of money, controversy, as kate rogers reports. just not the right fit for them. >> reporter: as the continues i washington, some small virginia-based ledbury, are focused on a key proposal house republican tax plan, the . the , meanwhile, exports are not le.

could be detrimental. hi-end 2% is manufactured in therope u.s. >> for us, poland will have an additional 20% tax on top of it we bring into the country. i think some people may sa deat what everybody doesn't realize, we're already paying a huge amount of duties to bring the shirts into the repter: he thi production into the u.s. would be too costly and cosoaise pric hours for workers. the national retail federation has warned, this will become the norm for small retailers if the b.a.t. goes through, adding the tax will crush small retailers, causing them to lay off workers or even close their doors. while concerns over the b.a.t. have cropped up on main street, advocates point out the benefits in the gop plan, including a reduction in the corporate tax rate, would not be possible without it. >> the blueprint from the house republicans contains a border

adjustment. you have lots of other reallypa in it. it has lower tax rates, elimination of the estate tax. that's the other element of this. you can't look at a border adjustment all on "i" own. >> at ledbury, he is hopeful lawmakers will listen to the concerns from retailers big and small before implementing such a major change. >> the thayer is relatively new, it's untested, and i think it's something that we really need to think about before dramatically changing sort of the supply chains of the businesses in this country. >> reporter: with health care reform now stalled and the white house forging ahead with tax reform, you can bet small companies like ledbury will be watching closely to see if the b.a.t. makes the cut. >> if the b.a.t. goes through, does ledbury have a plan? >> their first phase would be to cut workers, which they don't want to do. second is to put it on consumers, because we're already selling shirts retailing around $140 or so, so that will go up. >> price will have to go up. >> exactly, but they're

higher-end men's shirts, so their consumer might be able to weather that. but he says bringing the operations back to the u.s. is a big challenge because they don't have people here that understand even the tailoring that they do. they're using european-style tailoring. it's not a skill necessarily taught here anymore and it's not something people want to do, he said. you know, people can get a job down the road at an amazon fulfillment center and i'm paying $14 and they're paying $16 or $17, so it's not real attractive. >> we're "on the money" with the smart science promising babies' peace of mind while their baby sleeps. and later, it is april. if you're rushing to get your taxes down, slow down for a minute. the steps to take to avoid costly mistakes. take a look at how the stock market ended the week. ♪

here's a look at what's making news as we head into a new week "on the money." u.s. consumer confidence hit a 16-year high this week. the index measures how consumers feel about current economic conditions and how they feel about the future. this is a closely watched indicator, because consumers' moods affect their spending, and spending accounts for more than two-thirds of the u.s. economy. that positive number helped the dow break an eight-day losing streak on tuesday with a 150-point gain. the nasdaq hit an all-time high on thursday, and the s&p following suit with a strong gain as well. so, stocks fell on friday. america's economy is growing slightly faster that be thought. the final read of the fourth-quarter gdp was slightly ahead of the previous measure of 1.9%. the gross domestic product is the broadest measure of the size and scope of the u.s. economy. corporate profits and consumer spending were both up. and mcdonald's is going from frozen to fresh. the burger chain will be using fresh beef for its quarter pounders by mid-2018. it's a move that appears to be in response to rivals like

wendy's, which advertise their fresh beef. mcdonald's says that this is just a first step and more products will follow. it's a silent killer. the cdc says about 3,500 infants die each year in sleep-related incidents in the united states, but there's a device that might give parents a little peace of mind when they put their baby to bed. it's called owlet and joining us now is kurt workman, the company's ceo and co-founder. and kurt, as i understand it, this little sock goes on the baby's foot. it measures the oxygen, it measures the heart rate, it sends a signal back little device that you monitor by your bedside. if something happens that it falls below normal levels, it sends out an alarm to the parents? >> that's right, and you can also view your baby's vital signs on your smartphone. >> what kind of reaction are you getting? >> it's been overwhelmingly positive. parents love the product. it gives a lot of peace of mind. and you can imagine as a new parent -- >> i can. i have a 5-month-old at home, so i get this. >> that's right. and often you go into the room and you pull outouu'reind of ch if they're breathing.

>> i do this all the time. it's a freakish thing, but you just want to make sure. they're lying so still. are they okay? >> that's right, and i have two children, a 3-year-old and a 1-year-old, and you want that extra peace of mind, and owlet gives that to you in the home. >> is it because of your experience as a parent that you came up with the idea? >> like i said, i have two kids, and it was that anticipation before we had our first child of, you know, what's this going to be like? and my wife has congenital heart defect. and we were worried that our son would have the same thing, so we were maybe a little more anxious than most parents, but we came up with the idea and made a little video and just had overwhelming response from parents that ty fs t like woulda big difference. >> i mean, is it the same as the device they put on you in the hospital where they're measuring these things? >> that's right, it's pulse oximetry, so it's the little red light they put on your finger in the hospital and it shines a light to the skin and measures the heart rate and oxygen. >> critics say it creates a false sense of security. what do you say to that? >> that really hasn't been our

experience yet. it gives peace of mind, but it doesn't replace good parenting. it's kind of that moment right before you go to bed, you've done what you can do, your head's hit the pillow and most parents are still worried, they wonder is it okay. and owlet gives you that extra sense of reassurance that there's something there that will be up all night so you don't have to be. >> is this something you put on the baby in the room, out of room? how does it work? >> whether the baby's in the room or out of the room, at least for me when i sleep, i'm out, you know, i'm unconscious. so for me, i want something that can be up and watching over them, whether they're in the room or out of the room. >> do you get any false alarms with it? how often does it go off? >> on average, it sounds a low oxygen notification once every two months. and if you compare that to hospital monitors, you know, there's three or four times a night you get false alarms. >> i was going to say, that's what i remember from the hospital. >> yeah, so it's very different. it was designed for the home in mind and very false alarm rate. >> and just in terms of what you hope to do next with it, just get the word out? >> yeah, get the word out.

and we're collecting the largest database of infant health that's ever existed. >> wow. >> and so, we believe that that database will help us solve some of the biggest challenges with infant health. and this summer we're coming out with an app called connected care that gives parents more access to that information and actually allows them to track their baby's sleep so they can get more rest. >> kurt, thank you. we could all use a few extra winks, anybody at home with babies, at least. >> thank you. >> thank you, appreciate it. up next, we're "on the money." with that tax deadline ahead, we'll have some mistakes you don't want to make, errors to watch out for, and how to avoid them. and later, it is not your father's retirement. the growing trend that's

♪

♪ if you've been putting off getting your taxes done, that irs deadline is rapidly approaching, but if you're rushing, you can make mistakes. joining us now with some tips to make sure your return is as

error-free as humanly possible is jill gonzalez, wallet senior analy analyst. it's tuesday, april 18th, but with the extended deadline, what happens if you fail to file on time? >> there's still a penalty if you fail to file on time, but you should still file, because the irs actually has two different types of fines, one for not paying your taxes, two for not filing a return. >> what are some of the common mistakes people make with their personal information, things that could actually sabotage your tax return? >> well, one is that simply mixing up numbers. you know, have everything in front of you, all requisitety card, of course, your health care statements, your bank account information, of course, and finally, your personal income stem 1099s. make sure that you're matching up all of the correct accounts, the correct banks, et cetera. >> a lot of us rely on tax software to make sure we do the

ma any other way to make sure the numbers are actually correct? >> you should be looking back at last year's tax return just for comparison sake, even if you're filing online. if there's a huge differential in numbers, that's when you might see something off, you can go back, start over, at least double-check, even if you're using software. >> part of the new economy, part of the new reality is that a lot of people are working in what's called the sharing economy. maybe you're getting income from airbnb or driver an uber car. how are you making sure you report any income earned that way correctly? >> you want to make sure you're gathering up all 1099s you have from any type of side business that you're doing. now, businesses are not required to report anything less than $600. many of them still do. they're not goingough different 1099s and saying this one's $500, this is $1,000, let's send it in. they'll probably send most of what they have, so you should take it upon yourself to report anything less than $600, too. you don't want that to have you get audited later on. >> sure. i've been stunned reading about

how many people actually itemize deductions. it's not much. it's less than a third of the population. if you just take the standard deduction instead of itemizing, what does that mean? could that be a mistake? >> it's not a mistake that you will get audited for it. it is a mistake that is losing you possibly thousands of dollars from year to year. so, a lot of these things are kind of what we think might be standard but are not. everyone talks about charitable contributions. you're only eligible to deduct if you're eligible to itemize those. there are other things people don't take advantage of, especially coming off of march madness now. even legal gambling. >> what? >> you can deduct that, yeah. you can deduct that -- >> not my office bracket, right? >> not your office bracket. we'll keep that on the down low, but you can actually deduct legal gambling losses to the expense of your winnings. so, if you have $3,000 in winnings, $4,000 in losses, you can actually deduct that $3,000. >> all right, jill, thank you very much. >> any time. up next "on the money," a look at the news for the week

ahead. and forget golf and hanging what you need to know about the new retirement. >> i plan to do this as long as i can. i love it.

♪ here arehat may impact your this week. on monday, we'e o the economy w birthday ipad! auto sales appy

hard to believe, but this 7 yea on wednesday, the federal reserve wilre from its last meeting when they raised a key interest rate. thursday is the first day of the meeting between president trump and china's president xi in florida. by the way, on this day, make sure you raise your glass to national beer day. rs we'll see how many jobs were gained and lost last month with the release of the government's employment report. from a full day at the office to a full day at the beach, just the thought of retirement could bring a smile to your face, right? well, for many, the def iochang as jane wells found out, it can be a lot of work. >> i may bring in the camera close right here. >> reporter: veteran assistant director jason roberts is giving a class with aspiring background actors at burbank's legendary central casting. one of his students is a 67-year-old. he used to own a logistics company, but that went south

during the recession. now he's pursuing a job of acting full time, partly because he says he needs the money, and he's not the only one who does. >> a lot of them have cashed out their i.r.a.s already. a lot of them, they have to pay the rent. social security's not making it. >> reporter: it's found 47% of people working for pay after retirement need the money to get by, but at the same time, almost all of them also do it for fun. >> i get bored. >> reporter: 77-year-old walt retired at age 60 from a career in food services management at universal studios. now he picks up odd jobs as a background actor, not for money, but to keep busy. he even did a scene with cameron diaz for "bad teacher" where she washed his cadillac. >> yeah, she washed my car. i didn't wash my car for about two months after that. >> reporter: the fact is, we're living longer, healthier, more active lives. that's why the myzell senior center in palm springs is a hive of activity. the evri survey says at least

half americans expect to live to at least age 65 and more of us are retiring earlier than expected, but we're not sitting around, people like sherry goodloe. >> i had breast cancer six years ago, and i looked at between 62 and 65, and i thought, do i really want to stay there another few years or do i want to start really living? >> reporter: goodloe ran the numbers, realized that with a little downsizing, she had enough retirement to "start living." now, through a website called trusted housesitters, she housesits and petsits around the world for free. >> i plan to do thi i can. i love it. >> reporter: retiring is a lot less re-tiring than it used to be. for "on the money," jane wells, palm springs. >> our thanks to jane wells with a goal to live for. that's the show for today. i'm becky quick. thank you so much for joining us. next week, the 100th year girl scouts have been selling cookies. find out new ways that they're training the next generation of leaders.

each week, keep it right here. we're "on the money." have a great one and we'll see you next weekend. . fios is not cable. we're wired differently. maybe that's why we've been ranked highest in customer satisfaction by jd power 4 years in a row. and now you can love fios too. get 150 meg internet, tv and phone. all for $79.99 per month, for the first year with a two-year agreement. it's the only internet with equal upload and download speeds. cable only offers upload speeds that are a fraction of the download speeds. plus get hbo for a year and free multi-room dvr service for two years.

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right now on "nbc10 news today," looking for answers after a goalie collapses in the middle of the game at the wells fargo center. what we know later today. a five-car filup on a busy philadelphia highway sends two people to the hospital, and we'll hear from two victims coming up. and the sun will return just in time for an important run at the museum of art, and details coming up morning. this is "0