Melissa it is day one of the new health care law. From the looks of it, things havent been going so smoothly. The muchhyped government exchanges debuted with major glitches with people trying to sign in and find out how much the new system would really cost them. Here to tell us firsthand how it looks from the insurers point of view, pat garity, the largest insurer of the sunshine state. Pat, do you know how many people signed up with you today . I know we had tremendous volume across all of our portals. So i dont have the final numbers but there was a tremendous amount of interest out there. Our phone calls were up. Melissa yeah. We had foilings coming into our Retail Centers at about 30 higher rates than previously. Melissa anecdotally, that is what it seemed like from here. If you look across the wires and other reporting services it showed a lot of people logging on to try to get information but getting bogged down along the way and not getting to sign up. Do you know if anyone was able to sign up . We think some people actually were able to complete the signup but what weve been trying to do is make sure were doing the job of educating because no matter where you are on the political spectrum we need to educate people so theyre making the right choices, theyre making informed choices. Over this next six months we intend to have 3,000 educational seminars at florida blue. Many of them in our Retail Centers. Many of them with agent and broker partners but making sure were educating the people of florida so they can do the best thing for them and their families. Melissa okay. Lets take that opportunity now, pat. One thing i think is so interesting, that you sell insurance on both the public and private exchange in florida. So, where am i more likely to get a better deal . Say im a 35yearold woman with three kids and trying to sign up my family, im married, where would i find a better bargain, on the Public Exchange or the private one . Lets be clear, most people dont have a choice between a private exchange and a Public Exchange. The private exchange has largely been the domain of Large Businesses who are looking to give their employees choice across a number of different insurers. So for instance, in florida, darden offered the choice of many different insurers for their employees to pick between and florida blue, as a matter of fact, enrolled 90 of the floridabased darden memberships. So we were happy to participate in that exchange an learn but their employees didnt have an option necessarily of going into the Public Exchange. The Public Exchange melissa you dont on a have an option . I thought if you didnt like the health care you were on and go over to the Public Exchange mo matter what . You may not get a subsidy but certainly anyone can go there and buy. Are you saying i have private insurance and as a result i went on Public Exchange i wouldnt be allowed to buy a policy there . I think what you find is an individual is getting a deal through their employer that has subsidy from the employer. Employers typically are buying down their employees contribution rate in their plan. Melissa so you get better deal on the private, on the private exchange . Absolutely. Melissa okay. So that is not good news for the Public People that are out there getting stuck on the Public Exchange then. Well in the Public Exchange you certainly have the opportunity to qualify for a subsidy. So, really cant judge whether its right for all people. It is your particular circumstances that matter greatly. So it depend on how old you are, the kind of benefits you have today, whether youre eligible for a subsidy. All of those things go into play to determine whether this is a good choice for you. Melissa okay. I want to play for you something the president said before and ask you to react to it on the other side. It is about what is available for a 27yearold young woman. Lets play that. If youre say, a 27yearold young woman, dont have Health Insurance, you get on that exchange, youre going to be able to purchase highquality Health Insurance for less than the cost of your cell phone bill. Melissa okay. So jd power says the average cell phone bill is 77 a month. Can you buy your insurance on your exchange, and youre healthy and less than 77 lars a month . I think biel be in close numbers there because what most people under the age of 30 looking at are catastrophic benefits. Melissa okay. That is not available for people above 30. In those benefit plans you have a lesser benefit to encourage people who are younger to get coverage through the exchange. So, those plans are far cheaper than the plans above age 30. Melissa so what is the deductible look like on that . If you pay 77 and were that woman how big the deductible would it be and what is the maximum outofpocket . Ranges obviously in those kinds of plans but youre looking at something on the order of 2500 being the out of, the outofpocket will be a factor of the deductible and the coinsurance. So theres a range of prices there but it could be as much as 4 to 5,000 outofpocket if you had an extreme evvnt. Melissa okay. Paul, that was a, pat, sorry, that was a lot of great information. Thanks so much. I hope you come back to the show. Happy to do it. Thank you. Melissa so suffice it to say not everyone is so hot on obamacare right now. We likely have a long road ahead of us before the system is a welloil machine and people exactly gnat what options are out there for them including the allimportant cash component. I want to bring back the favorite money health care expert, paul howard from the manhattan institute. What do you think of what we heard there . At love Important Information there. The online exchanges, kind of like exchanges everywhere. Not a plan to buy. All the federal exchanges were down until at least midday today. So people will have a very hard time shopping online. They will have to dial 8800 numbers. They have to go through a more complex process. Melissa a Million People go to websites at the same time, that cost cause as lot of traffic. So you give them the benefit of the doubt. At the same time, you know the head of the massachusetts plan had said if things, in fairness, they have already been through it. They said if things are not up and running and smooth by november, that is a fair timeline to say this isnt working out. What do you think . The massachusetts connector was online running without serious glitches when they wouldnt up and running. They have had three years to plan this they touted they know, how many people will be estimated come online 4 million the first day. You can test your servers beforehand, can they bear that load. Melissa it was interesting what pat said, i thought the perspective was fascinating, he sells insurance on both the public and private and it kind of told us a lot what to explain out there. He has competition on the private exchange from all kind of other insurance companies. I think only maybe one or two others that are selling on the Public Exchange. He said you will get ate per deal on the private exchange. The private exchanges have the advantage being more flexible. Employer provided insurance can design a lot of options for employees to do some. You said his plan won out. That is the advantage, you get more choice. Federal regulations and state regulations will drive up the cost of plans on the Public Exchanges. Melissa we played the sound bite from the president where he talked about the 27yearold woman could go out there and get an exchange, get an Insurance Plan list than what she say pays for the cell phone. 77 bucks. That is the average. Do you think people will likely buy that . Is that woman likely to go get catastrophic insurance . Unlikely they will find that price. Median 27yearold might make 35, 40,000. That tips out at end. I doubt many people will face the 77 plan unless theyre making close to Medicaid Eligibility type levels. Close irto 150, 200 for the bronze plan. Melissa right. Even then there is tremendous disincentive to go out and do it. If there is no preexisting condition you could wait until you have a illness and diagnosed and go back and buy the plan. Thats right. Perfect point you make, first year penalty is only 95 versus 1 of income versus thousands of dollars on outofpocket costs. A lot of people will sit on sidelines wait and see how the exchanges go or wait to see if they get sick and buy a plan. Melissa youve been studying for the long time. What grade do you give on first day. C, minus d. Melissa how come . You had so much time to prepare for this. Contractors were working two a. M. Until sunday night, ordering in pizza. Seems you knew this was coming for a long time. With this amount of attention they should have melissa technology is tough. Why didnt you get apple to work it out for them . I dont know. Look at this way. Why wait so long to the let the state exchanges make a decision whether or not they were going to run it. Why only do three years . This could have been a five or sevenyear i. T. Project. A lot of companies would say we need to plan a lot of more time than congress did. Melissa thanks for coming on. We appreciate it. Next on a money, it is lights out for the federal government but it may be the best investing opportunity youll see in years. An allstar Investor Panel tells us where the money is. Is it all a scam . Israels Prime Minister shreds irans president calling him a wolf in sheep as clothing. What is the real cost of trusting iran . One of the middle easts top experts is here next. More money coming up. We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. To enjoy all of these years. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Melissa so by now youve heard the supposed bad news. The federal government has shut down. Do you really care . The political gridlock and dysfunction in washington continues to unfold. Fox newss chief washington correspondent james rosen is live in d. C. With the very latest. James, if you are a betting man, how long do you think this is going to last . Melissa, if i were a betting man i would stick to boxing and oscars, more easily handicapped stuff. One logical end point lawmakers would be eyeing right now would be the debt ceiling which expires in 16 days. Here in the nations capitol, american treasures like the National History museum, corcoran art gallery, smithsonian air and space me see up shut down along with the shatter taught of liberty in new york and departments of energy and agriculture. They reported to record voice and email messages to secure files and baton down the hatches. Vets far away from mississippi barged through a barricade were graciously admitted in. Leading vets and advocates to lament this sad day. Certainly, people being a real man about that and we have kind after hard time as you can witness here today, of our, all of us from world war ii veterans looking at our memorials and, understanding some things. This is personally upsetting because this is a decision i believe is made on politics, not on policy. This isnt about dollars and cents. The national zoo was closed and wit the nonpartisan panda cam, that welcomed the arrival of a neocon in august. Come especially for museums. I hear theyre so beautiful, big and you can see many stuff here but i heard this morning theyre closed. Theyre shut down. I heard that at the bus station. And now there is nothing to do here. We dont know what we can do. I dont think it is necessary at all for any reason. There is no reason to do this. So, especially over a bill. There is lot of other things going on in this country that, you know, separate to health care, that we need to have our government and, its, its very frustrating. The centers for Disease Control in atlanta said roughly onethird of the staff was being kept on the job. Among the effects of that would be to shift responsibility for flu monitoring to the states. Melissa. Melissa i dont know, we see a young person saying we need our government. No, no, no, we dont. Thanks, james rosen. They were saying we need your museums. Melissa i dont know. James, thanks so much. It is clear congress is trying to scare us all by the detrimental effects of the shutdown. But did you feel anything today . Me neither. Markets said they didnt feel for smart and savvy investors this could be a perfect opportunity to make some money. Here to tell you how is your allstar investing panel. Scott martin from united advisors. Leif videl and our own money making machine, charles payne. Hey, money making machine, nasdaq hit a 13year high today. Lo and behold the government shuts down and nasdaq rejoices. How is that possible . You know what . Seems to me maybe there is a little bit of a selloff leading into today the last few days. Melissa yeah. Every now and then wall street tries to nudge d. C. But there comes a point where wall street and stock market says forget about the knuckleheads. I was in cree research, up 10 bucks. It was absolute phenomenal day. People on wall street one thing they do know and get is history. These shutdowns have been moneymaking machine if there is a little bit of a blip at beginning. Melissa yeah. Scott, we want to point that out to our viewers because we dont want them to miss it. Last time the government shut down, because everybody is talking about all the damage done last time around. You have to go back and actually look at the numbers. Stocks were down about 4 on the shutdown. In the following month, after the government got back to work, they rallied more than 10 . Is there an opportunity in here . What do you think, scott . There is but to charless point, melissa, that opportunity might be slipping away here because we did have the kind of a selloff the last few days leading into this. You probably want to jump in here now. The only kind of caveat is going on the market today or going forward, melissa, is that federal reserve, the small Little Organization pumping tens of billions of dollars of equities at least into the bond market to keep rates low and money seeking stocks. If the shutdown continues for couple weeks and couple months, if it hits the economy, old uncle ben bernanke will come along and pump more money and therefore raising stock prices. At the same time we dont want to say our viewers have missed the boat because obviously stocks are back in rally mode here but we have the debt ceiling coming up. That is the next thing everyone is saying the sky is falling. If we lose the Credit Rating its a huge disaster. Arent stocks going to sell off again in anticipation of that fight . Doesnt that create another opportunity . Leif, what do you think . I dont think the government will make that mistake. I dont think that well default. I think that is not one battle well fall on the sword. Melissa well fight over the debt ceiling. Thats true but again i dont think well default. I dont think when push comes to shove, we get to the very last hour well pay our bills. Im not so worried about the market falling off, declining due to that at this point anyway. Melissa were not saying worried. Were saying opportunity as stocks go down and bounce back as we fix the problem. Chars, is there an opportunity in that one . I do and ai agree with leave. I think ultimate what happens well get the cr through, the debt ceiling through and sequestration as olive brand. They keep obamacare. Republicans particularly tea party say we fought the good fight. I caution viewers about being too cute with the market. In other words dont try to pick bottom and nuance every single news event. Tough be in the market. It is absolutely phenomenal. You talk about, melissa, 95, 96 shutdown initially the next few years the market was up 150 . Make sure you ride the trend and great companies, and own them. Melissa what is your best idea . Scott, ill start with you, what is your best idea right now . One, medical list sachs oil and gas and Energy Fracking state. All going on in dakotas and nebraska and wyoming. Fra, which is etf or mlpa. On individual stocks, we own those two by the way for our clients and portfolios. On the stock side, listen, visa, i keep talking about visa until blue in the face just like the visa cards are. I think its a great company. Cash is is so 2012. All cool people are using plastic. Vees is a company that keeps going up as the consumer bounces back. Our best idea . To charles point, we play the ball where it lies. Look at midcap and small cap stocks making new highs. Were investing in smallcap growth, midcap growth, foreign and developed markets and emerging markets. Full disclosure we own them inside the etf tactical advantage. Melissa if you recommend them i hope you own them. Charles. To scotts point, weatherford. Unconventional drilling. Breakout at 16. I think the stock will soar. Winnebago, so interesting were talking about the health care law. Old folks out there have the most money, most disposable income. Buying winnebagos. The stock broke out. Im looking for it to go north of 30. You have to love the chinese, gambling, las vegas