Down the profitmaking machine. Shy is a newlyelected socialist in seattle. She tells machinists her radical opinion after the union turned down a contract that would guaranty 20,000 jobs in the area. Now boeing just might fly those jobs elsewhere. Here is seattle radio show host david bose. What do you think about this and what is the reaction there. Like a Christmas Gift to every other state trying to get work out of boeing. Here you have a woman saying she wants workers to take over the private property of the business. The business that is right now actively considering moving significant work to other states. Provides tens of thousands of jobs to washingtons economy. She is basically saying, we would like to steal everything you have. This is in addition to the machinist vote that said, a big no, a very colorful no, to the companys offer for extended contract. Meantime boeing has to be looking at this and asking themselves, is this really how the people of seattle feel . Melissa i mean i have to wonder, if youre a city councilmember, dont you take a sort of pledge to uphold the law . If youre part of government, isnt that the idea behind it, youre supposed to be encouraging other people to follow the law . She is encouraging them to break it. She says the only response can have if boeing executives do not agree to keep the plant here, for machinists to say, machines are here, workers are here. Well do the job. We dont need executives. The executives dont do the work. The machinists do. I guess she is forgetting who owns the company. Yeah, she is also forgetting what her function would be as city councilmember. If the laws get to mean whatever she want them to mean, why should any law she voting on mean anything to anybody else . What she is advocating is marxist, not just socialist. She wants these folks to go in there and steal this property from boeing, which by the way one of the things she added to that, if they stop building planes here they can build buses here as though the market demand for really expensive, 60 milliondollar buses is so high well be able to keep those jobs afloat. That is just absurd. Melissa the battle of course is over a union contract. Boeing offered an eightyear contract with 1 wage increase every other year. That is on top of annual cost of living increases. They mainly wanted to switch over the pension over to a 401 k system, which the workers werent happy about. In exchange for that, boeing was increasing the multiplier on the pension, that would give basically, give workers an extra 2400 annually each new retiree. They would also get a 10,000 signing bonus on this new contract. They didnt want this. Were you surprised by that, that they werent able to come to a deal . I wasnt surprised because theres been a history of animosity between the machinists and boeing. And theres a militancy there but, boeings got to be looking not only at that vote but at the fact when the new socialist elect councilmember of seattle giving comments, saying we should take over boeings there were Machinist Union representatives cheering, cheering this. Melissa really . The people i have talked to who taken a look at this deal. , we hear the usual rhetoric from the union militants saying this is an attack on the middle class, people are looking at this saying, wait a second, this is roughly an 08,000dollar a year job with Health Benefits and cost of living increases. Right. And a 10,000dollar bonus and match to 401 k , who are you trying to kid . Melissa as always no one is being forced to stay in these jobs. At the moment, as this was happening, other governor, immediately lept into action. Governors of utah and alabama, immediately set up meetings with boeing officials and said, come to our state. We will treat you very differently. Do people in seattle realize what that would mean if the plant leaves as a result of all of this . Ive been asking myself the same question. I think, in a way Washington State has become complacent. The elected leadership here, you know, governor ends lee, he seemed to get a sense, hey it is important to keep boeing here. I will call a special session extend boeing tax breaks, when it came to push a political constituency, i think this plant is important and you should vote for it, but im not going too tell you what well do, he wasnt willing to put backbone into the longterm competitiveness for washington, the world is more competitive. Instead he was relatively silent and whimpered away. Melissa not only that, people in seattle need to know what that means for their money. The show is about money. Thats what we focus on. Moodys said they would downgrade Washington States Credit Rating and losing the boeing and the 777. It could cost hundreds of millions of dollars whatever it normally cost in order to do projects if the cost of borrowing goes higher as a result of this. If you care about your roads and you care about your city and care about your towns and how much it costs to maintain those things, that cost could go higher as a result of these guys leaving. Do people realize that, do you think. Im not sure that they do. In seattle it is tough to know if theyre concerned about the roads at least in seattle. We had a mayor recently unelected. He was putting roads on road diet. Diminishing Transportation Capacity on the city. Transpourtation planners create the narrowest portion of our major freeway system right through the most populated part of the state. There is a bit of insanity going on there the only excuse i can make for the city of seattle, people are numbed about dollars talked about on federal level basis and numbers dont mean anything anymore in terms of money. Melissa wow, david, thank you so much. Good luck. My pleasure. Thanks and im sure rick perry is looking forward to this candidate taking office. Melissa we will see. Up next, how does 40 bucks for a doctors visit sound pretty good, right . Unless youre the doctor. Well tell you how the new exchanges could be driving docs right out of business. What is more annoying than a stranger yapping loudly on their cell phone . How about being belted in right next to them at 30,000 feet . Everyones got an opinion about the big news that we may be able to use our cell phones on planes. Love it or hate it . Tweet me. It is todays money talk ir. More money coming up. Hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliabity of fedex. [ engine revs ] [ male announcer ] the mercedbenz winter event is back, with the perfect vehicle thats just ght r you, no matter which list youren. [ santa ] , ho, ho, ho [ male announcer ] get the allnew 2014 cla250 starting at ju 29,900. Get this. Now the white house is coming out with a way to bypass the obamacare website and buy policies directly from Insurance Companies. Part of the crazy new plan called, the way things used to be. Melissa Surprising New loser in the obamacare sweepstakes. This time your doctor is taking a hit in the wallet. Under the new health care exchanges, doctors will take home significantly less in reimbursements than private companies or even medicare. At 40 buck as visit, clearly this could have a impact on quality of your health care. Joining Us Cato InstituteHealth Care Expert mike cannon. We have economist peter morici. Mike, do these numbers surprise you . I mean i think that there was anticipation of a cut in costs but for Typical Office visit, private insurance would pay 60. If youre coming from the obama exchange, those doctors could get 40. What is the impact of that . I dont know what the prices to be charged for any of these services and neither does anyone else but youve heard about rate shock. This is where everyone sees, well, a lot of people see their premiums going up under obamacare. There will be this wave of outrage over quality shocks. One of those is doc shock. The way theyre trying to keep premiums from even higher is by squeezing payments to doctors and other providers, in these health plans, which is fine. I Want Health Care prices to fall. That should be, as a result of consumers putting downward pressure on prices and, freedom to pay higher prices, since that is what they need to do to get the care they w obamacare is go, give us basically medicaid for all where they try to keep prices down, where they push prices down through government price controls and other sorts of government tools. That is going to, restrict choice for a lot of patients. They are not going to get to keep their doctors as president promised. Well see another wave of outrage over the broken promises under this law. Melissa if a doctor is being paid one fee from, you know, one insurance plan, and then less than that from a patient coming from, you know the obamacare website, why would they see those patients . Wont they not see those patients . Of course some doctors melissa hang on. Lets let peter in here for a second. Peter go ahead. All right. Lets consider the doctor situation. If there are only few Health Insurance companies in this county because obamacare encouraged most to stay out the Insurance Company could get away with this, simply because you wont have enough patients by specializing in higherpaying insurance option. If are is only two or three companies, that is happening in lot of less populated areas. What obamacare has done is permitted Insurance Companies to monopolize some of these markets. You go 50 miles from den very, all of sudden prices triple. They turn around and cut fees they pay doctors by a third. What theyre doing creating for themselves a huge profit margin. What you have here is monopoly abuses which youve got of consumer and producer. The guy in between is getting all the cash. Where is the Justice Department with this kind of abuse . Theyre busy investigating texas and jpmorgan but not the Insurance Companies in all this because after all, they make hefty, healthy, contributions to Democratic Candidates that sit up on capitol hill. Melissa interesting. Mike, do you agree with that point of view . Well i definitely agree that obamacare is going to lead consolidation in the insurance markets, not competition in the insurance markets. And that the insurance industry, and Democratic Party have been very close to each other ever since 2009 when they got together and president cut this deal with the Insurance Companies, to force everyone to buy their products. Melissa peter what strikes me though, i look at place like new york city, for example. Unitedhealth group told physicians under contract there that, you know, if theyre coming from a private Insurance Group they will pay a different price versus, but they will cut the price for people that are many coulding from the exchange plans. Seems like new york city where there is lot of choice it, will become a twoclass medical system almost immediately, no . The selfemployed, have to buy policies for one or two or three employees that use the exchange, selfemployed and so forth, they will have trouble finding doctors. It is not just them. 25 of the population has private medicare. 25 of the population over 65. That is they have taken this private choice option. Now theyre cutting back reimbursements through those, those plans. Those plans, for example, through United Health care are cutting back their network of doctors. Theyre literally can you cutting them off. Throwing them out. Already many practices around the country only take medicare patients with them during their younger lifetime. They wont take new people who move in from out of town. Melissa right. So it will be very difficult to ffnd a doctor with obamacare. Melissa speaking of finding doctors, we found one. Lets bring in dr. Rob kolmarik. A concierge doctor i believe in the new york area. How is this impacting you . Are you seeing this and how is it impacting your business . Oh, you know, it does impact our business, quite frankly from the concierge model, were becoming busier and busier because patients are gearing up for these exchanges and they realize, hey, i want to have access to a physician. To have access to a physician in a concierge practice means theyre going to get better care. And they will have access to care on a regular basis. I used to have a traditional practice where i saw patients on a regular basis in the insurance system. One of the problems with that is because of the declining reimbursement which has become so incredibly drastic over the last couple years, it is almost impossible to run a traditional practice. You start having to make adjustments in your practice. Letting staff go. Decreasing salaries. Decreasing benefits. For the average Family Doctor in the United States that is selfemployed, running a practice right now is just almost impossible to do. And what is going to happen is, when these exchanges fire up, and theres decrease to, a ses to care because you will have doctors already just ballooning at the seems with patients theyre trying to care for, and you will cut reimbursement further, how will you deliver care it these people . Most doctors in the United States at this point are overburdened with trying to care for their existing parity the and trying to keep their practices afloat. Where im located, actually in ohio. Melissa sorry, yeah. Im sorry where you were coming from. Yeah. Melissa do you feel bad about that . Were creating a twotier medical system when we were supposed to create Health Insurance for everyone . You got into the business i would think to help people. Now youre only going to help wealthier people that can afford you. Are there good doctors who will stay in for less money, because they feel a moral obligation to do that . Im sure there will be plenty of doctors that want to stay in and help their clientele. I tried to keep my practice of 18 years in Family Medicine going as long as i could. uite frankly when i transitioned out of Traditional Health care, model insurance based it was painful because there were clients that i had to leave behind that i had substantial, longterm relationships with and it was like losing an arm. But the reality is, in order to stay afloat and to keep my business open, i had to make a decision. Was i going to go under and have to close my business, or transition to a model where i could keep it open and there were going to be clients that could follow me and some that wean going to be able to. Melissa yeah. I wish they all could follow me but that is just not the case. Health care is expensive. Melissa mike, is this what were going to see everywhere . I think getting back to a point you made before, i think its a mistake to focus on the tiers, whether there is one tier, or two tiers or threetiers, there will be inequality. The rich always in any sort of system. Total singlepayer system, rich, powerful, politicians will always do better than the average person. What is important to focus on not how many tiers there are in the Health Care Sector but what are the trends. Melissa what . What are the trends . Are prices falling in health care . Is access, health care becoming more widely available . Is quality improveing . Is access to care getting more secure . Under obamacare all these trend will be heading in the wrong direction. Melissa we have to go. Leave it there. Coming up on money, making calls in the air. Airlines may lift restrictions on cell phones in flight. Is a great idea or the worst plan ever . Tweet me and tell me what you think. Wait until you hear what comes out in our money talk ir. More money coming up. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . elissa the friendly skies may be no longer. The fcc is considering letting Airline Passengers chat away on their cell phone during flights because listening to a strangers loud phone conversation is exactly how i want to spend three hours on a plane. It had to be todays money talker. Our panel is all fired up. Here is susan sulivik, remi spencer, john jacoby. What do you think. Good idea, bad idea . Remi, what do you think . A bad idea. One place we can go where nobody is talking on their phones. If they allow phones and try to separate the plane, it will be reminiscent of the smoking days where they had smoking section and nonsmoking which was a joke because the whole plane was like smoke. Right. There was no quiet space on a plane. Melissa talking about the fact there is quiet car on many train not allowed to use cell phone. Maybe that is place for planes. What do you think . I disagree with that im a business traveler, where i have a two or threehour flight getting work done. I would be next to the chatting on cell phone than chat me up on the flight. I get really irritated. I pull open the i book and start reading. Other thing have you ever sat in front of crying screaming kids or one kicking you in the back of the seat. Melissa that is my kid doing that. I appreciate parents, what they go through. Melissa okay. Dont worry. I listen to the cell phone conversation rather than kicking kid, oh, horrible. Melissa but it is not practical. If you have somebody on the phone and theyre, forgive me, you have a nice, resonant voice, sitting next to you an conducting a business call, it is right in my space. I cant do my call and you do your call tame. Were at the same time were both shouting at the same time. It requires people to exercise come men sense and good judgment. Melissa we dont have that. When people are traveling theyre not at their before. Were already frustrated. Were crammed into the tiny little spaces. We spend hours in the security line. Peopll are on the phone, whinin