Gerri first our top story. Failurtonch. The Pilot Program created for obamacare to reduce costs by moving away from the traditional feeforservice model. One of the major goals of the entire program is lower costs. With me now is a senior fellow from the manhattan institute. Would he make of this . It is a mixed result. There is some kind of hospital that saves money and some that cost more money. At the end of the day i think that the longterm result is higher cost. Gerri Accountable Care organizations. Yes. Gerri im not sure if this is a winwin for the obama administration. The goal was to save some 940 million and heres what we found. They lost three tenthsof a percent and the price is actually wt up. They rose overawethe institutions in this you would think, treating people early for conditions that could spiral into expensive conditions later would be a good thing. More market power. That is what many are talking about. They have jacked up prics at massachusetts general hospital, now they can save 0. 5 relative to what hey want to do. And they have raised prices over and over. So it is sort of the fox arding the henhouse. Its like, well, everythings is great, they havent released the full data. Gerri you were telling me that these press releases i look at this data and i think, what does this mean for obamacare . Once every bit of it in place. We have already seen premiums rise and outofpocket costs increase. What we looking at . Is holding the we are talking about today, that has been trumpeted by a lot of the proobamacare people. This is cost control, the thing thats going to bring costs down. 0. 8 versus 0. 3 growth. Insurance premiums are doubling for people in many cases if they are shopping for insurance. On the one hand increases are 100 , savings or 0. 5 in other cases. Gerri theres another reporter wanted to comment on. They debate the debate over obamacare and the money they give people who are very little to get health care. It will cause people to drop out of the job market. Some 900,000 pople will leave the workforce or reduce their hours. It is a threat . At the problem always when you do more to subsidize lowincome people. But some people are going to say, if my hours are going to get cut or my wages are going to get cut, i can get Health Insurance benefits and nt is a better deal for me. We have seen a singer of all the time. The thing we have to remember is that we already waste a lot of money subsidizing health care for the wealthy. So should we try to do more . Probably. But we do too much already. There are my that dothat. Thank you for coming on, its always great to have you. Youre welcome. Gerri coming up in 25 minutes, we continue to bring our users guide to health care. Find out when you should change doctors and how do you go about that. Also another big story today, this one caught my eye. Inflation, despite what the fed wants you to think, inflation is on the rise and its hitting your bottom line hard. Consumer prices posting a sharp increase in five months. In june not is up to have beating expectations. Ining me now is an economics professor at the university of maryland. Peter, its always good to have you. So you dont think that this report is that big of a deal . Well, core inflation remains rather docile. If hey dont worry about o prices. It doesnt do any good to worry abouit. Theres not much we can do about it. Gerri that is the dirty little game that the government planes. Meanwhi if you put in the cossack everyday, you have to pay it every day, gas, food, those prices are on fire. Letets put some numbers in frot of you. Because i know that its just common on wall street that prices dont matter, the prices that we are seeing rise, new vehicles are a pretense of a percent, closer of nine tenths of a percent, medical care is up four tenths of a perce, gas up 6. 3 , even food is going higher. Electricity, across the board, a lot of pressure on prices. You say dont worry i . There are things that we can worry about. Thin like clothg prices and medical prices and we should be doing something about it. The ethanol program, raising food prices they cant do much about oil markets international, they cant do much about mr. Obamas Energy Policy domestically. They cant do much about the ethanol program. So if you look at what Monetary Policy can do, it has to accept a lower price increases. Gerri yet i have to live with them. So unless we talk bout what the fed makes of it, i am more worried about how my paycheck goes. Okay, lumbers u 30 , and drywall up 18 , tiled roofing of 9 , concrete, these are the kinds of things that matter to people who are building house out there. That is the engine of economic growth. What exactly do you mean to our economy . One of the things we are seeing is that Consumer Spending is only increasing to the extent that it has to in order to accommodate higher prices. People have to get to work so they buy gasoline. They have to replace their older cars. The prices are up a lot. So what do they do . Expanding content unless money on other stuff. The economy we are seeing, slowing to about 1 . Half of what it was. People simy dont have any money to spend on other stuff. Gerri that is just so disappointing. Because that is not a real recovery. I have seen far better recovery than not. I remain concerned about inflation. I know what you need your bottom line. What are the indicators . Were the things that you would be watching to say, oh, to round around the corner, you need to be prepared. I think of the fed doesnt faze down quantitative easing, i think we are isome content for some very heavy inflation. Most of it has been in housing that has gone up much more than incomes can support, largely on the backs of very low interest rates. If the Federal Reserve keeps pumping money out, and it might do that because if the economy is slowing to 1 , it has to flop over into the goods and services. We wont see this. 2 , we will see it at much higher. At that point we are starting to get into the world that we fear the most, hh unemployment because of slow growth rates, its going to have to rise and high inflation. This economy is not being handled very well so im quite concerned that napster could be a battier in the ways that you fear. Gerri is handling even the word for it. So i want to get your commts from the kansas city fed. Esther george says that she favors tiberi and quantitative easing. She said that john fox business. Starting in september she wants it done by the first half of 2014. What you say that . Well, that is a big issue, but not a big deal in my mind. But if we face down quantitative easing, we are risking another sectton. To some extent the economy has become addicted to easy money policies. But we do need to get ou of this. Gerri peter, thank you for coming on the show. We appreciate it. Take your. Gerri now we want to know what you think. Heres your question tonight. Inflation a reality in your life . Blog on gerriwillis. Com and vote on the righthand side of the screen i will share the results at the end of the show. We have more this hour, including tips on keeping your pet from being tolen. And fitness wristbands see to be the rage. But when you p all of your medical data in your evice, where does it go . We will tell you coming up next there is a pursuit we all share. A better life for your family, a better opportunity for your business, a better legacy to leave the world. We have always believe in this pursuit, striving to brininsight to every investment, and integrity to every plan. We are Morgan Stanley. And were ready to work for you. Honey, we need to talk. We do . I took the trash out. I know. And thank you so much for that. I think we should get a Medicare Supplement insurance plan. Right now . [ male announcer ] whether youre new to medicare or not, you may know it only covers about 80 of your part b medical expenses. Its up to you to pay the difference. So think about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like all standardized Medicare Supplement insurance plans, they help cover some of what medicare doesnt pay. I did a little research. With a Medicare Supplement plan, youll be able to stay with your doctor. Oh, you know, i love that guy. Mmhmm. [ male announcer ] these types of plans let you visit any doctor or spital that accepts medicare patients. And there are no networks. Is this a onesizefitsall kind of thing . No. There are lots of plan options. It all depends on what we need and how much we want to spend. [ male announcer ] call now to request your free decision guide. It could help you find an aarp Medicare Supplement plan thats right for you. What happens when we travel . The plans go with us. Anywhere in the country. I like that. You know what else . Unitedhealthcare Insurance Company has years and years of experience. What do you say . Im in. [ male announcer ] join the millions already enrolled in the only Medicare Supplement insurance plans endorsed by aarp. Remember, all Medicare Supplement plans help cover some of what medicare doesnt pay and could really save you in outofpocket medical costs. Youll be able to choose your own doctor or hospital as long as they accept medicare patients. And with these plans, there could be low or no copays. You do your pushups today . Prepare to be amazed. [ male announcer ] dont wait. Call today to request your free decision guide and find the aarp Medicare Supplement plan to go the distance with you. Go long. Gerri a warning tonight for those of you that use medical applications and gadgets. You are signing away the rights to your private information. In just a moment, founder and chairman of this program jointly. But i want to show you why i have oneof these exercise bands that actually tracked how you exercise. So this is my band on my hand right here. This is the information get from it every single day. It tracks and monitors my every step. Yesterday on july 15, i walked over 12,000 steps were 6. 2 miles. It is over 100 of what my goal was in all of this information track things everyday. You can actually tracked what time you get all this exercise as well. I think its a great thing. But as a warning, tell us what is the problem with this information . Why do we lose control over . Well, when we sign up for that gadget or nike fuel bands or any of these fitness devices, there is the fine print that tells you that these vendors have complete control over your data. They can sell the data or use the data any which way that they please. Gerri so my mydata an be sold with my name on a . They may not have your name on it. But the data can be sold to a marketer and advertiser. Ttere are plenty of employers and Insurance Companies today that are paying for their employees to have these devices. You can bet on the fact that they know exactly do you have walked 6. 2 miles or that you had a pizza and a cocacola yesterday, but they have all of this data and a lot ofconsumers are not reading the fine print. Gerri sorry to interrupt you, but yahoo just said that presumably if they want to track their every move, if they want to promote and move along, they could easily do that. Heres what the company says. We may share your information with third parties. On and on, it sounds to me what you have lost total control of all this data. Nike and others want to be data companies. So the devices, this is the emphasis with explosive market around digital devices, that they want to get access to consumer data. Heres the catch, you and i talk about this and i know that you are very amazing. Suppose next month either side, you know what . I am tired of this and im going to try to nike fuel bands. Well, you are going to start with a clean slate all over again. Now you are going to get Something Else and it is going to have all of that data and its impossible. I know from a technology standpoint it is not lik open access here. We just ran a graphic beside you while you were talking. Showing what actually gets sold. Actually you lose control of it and it is shocking. My name, age, my serial number, obviously. This is a long list. Tell me what the company is that you are involved with. In order to solve this problem, i work for ge. They give me insurance through united. So i use a band to track my fitness and i shop at walgreens or whole foods. This could be anyone of us. But the things that we track on a daily basis, it isso complex that it is impossible to bring that together. What we have done is to bring together a platform that integrates all of these devices and applications. All ofthese vendors so that you are not throwing the baby out with the bathwater in order to really help consumers get engaged. Because the market is not helping consumers get engaged. Gerri wait, who is going to buy that information . Well, we are not selling that information. The consumer has complete control over that information. If they dont want anything to be done with that information, it is up to the consumer because the consumer owns that information on i love that. That is the right answer. Thank you for coming on tonight. And thank you for helping us learn. I had no idea. Thank you. Thank you. Gerri later in the show, our guide to health care continues with Important Information on how patients should change doctors. And then we answer the question, how do you do that. Tips to keeping your pet safe. We have a very special guests cong up next at a dry cleaner, we replaced people with a machine. What . Customers didnt like it. So why do banks do it . Hello . Hello . if your bank doesnt let you talk to a real person 24 7, you need an ally. Hello . Ally bank. Your money needs an ally. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. [ villain ] well mr. Baldwin. It appears our journey has come to a delightful end. Then i better use the capital one purchase eraser to redeem my venture miles for this trip. Purcse eraser . Its the easy way to erase any recent travel expense. I just pick a charge, like my flight with a few taps, its taken care of. Impressive baldwin. Does it work for hotels . Absolutely thank goodness. Mrs. Villain and i are planning our. You scare me. And i like it. Lets go whats in your wallet . Gerri welcome back. We are continuing our weeklong users guide to your health care. Tonight as you change an agent and Health Insurance agents consolidate, you will have to change your doctor and the likelihood of it is growing. My next guest says have a little Due Diligence picking out your doctor. Who explain is the ceo of the American Institute for Preventive Medicine and the author of help here at home, your guide to health care. Glad to have you here. Tell us why do people pay so little attention to the doctors that they choose . Well, i think as you say, as consumers we tend to spend more on consumable items. An hour and half on shopping for shoes and only 45 minutes on average when it comes to selecting a provider and unfortunately, that is not enough time particularly when we are talking about someone that determines your health and wellbeing and how long you may live. Gerri what are the critical things we can do to pick a doctor to do a great job . Well, you want to make sure that the doctor accepts your insurance and is part of your inrance not work because i can be very expensive if they are not. You want to find ut about their office hours and the convenience in terms of their location and who will be able to see you on the doctor is not there. Have there been many lawsuits that have been brought against the provider and if so, how many, what will be the outcome of those and that is a matter of Public Record for many people to access. And how train ride a commodity boardcertified or simply board eligible. Boardcertified means they have passed the exam after the residency. Even deciding whether you want an m. D. Or the dl. Gerri what is a dl . Doctor abbas hoppe ought to be. Gerri of never heard of that the doctor has to be a network. Otherwise you can see doctors that will charge as much a 6219 coming up at . Yes, theres a lot of variation based upon what physicians charge and we recommend that consumers before they select a doctor find out what the various these are for various types of procedures. That gives you more ammunition to negotiate with our doctor regarding the fees. We teach patients to become wiser consumers so that they dont simply accept everything whether its that these are what the doctor tells them to do and Research Shows that an empowered conssmer ends up Getting Better care and is more satisfied with their care and has better outcomes. So by being forewarned and forearmed as a consumer, we can go a long way in terms of improving mass. Gerri i feel that the industry does not make it easy o find out about doctors. Theres no annual grade of doctors, you really have to do your homework if you want to find something other than just the bassics. Where did they go to school and stuff like that. You can read the wall in the office. Otherwise finding some of this data is not easy. I would like to know what sort of grades my doctor got a medical school. I would want them to have high honors when they took their surgery classes as opposed to merely pass to get. So yes, there are websites that you can go to but they are biased in nature. One is that they may not have a lot of reviews about that doctor so its a very small sampling and the doctor may have family or friends writing the reviews emselves so they are biased in nature andhen you also have patients that may be completed and then complain about a doctor not because of thcompetency but they didnt like the bill that they received or they didnt like waiting in the