Transcripts For FBC The Willis Report 20140512 : comparemela

Transcripts For FBC The Willis Report 20140512

Like the new 1,000 per pill hepatitisc drugs. Everyday drugs to treat conditions like Blood Pressure more than doubled over past few years. Those prices are expected to go even higher. Despite the promise of generics to bring prices down. For more on this, lisa gill, prescription drugs editor at Consumer Reports joins me now. Lisa, welcome back to the show. Thanks. Gerri weve had 11 increase in drug prices since 2007 and that is despite the fact that generics comprise 86 of all pharma out there. So i thought prices were supposed to crater, not go up . It is true. A lot of blockbuster drug prices have dropped but meanwhile other prices on some of those key remaining branded drugs and specialty drugs are boeing way up. Gerri theyre driving overall Prices Higher . They are. A couple of other things. More people are taking medications first of all and you have a aging population. That is another issue. Gerri well that adds into the mix too. I was looking forward to some of these prices actually going down but i guess not. Look at prices. Human you lynn up 54 . Viagra up 159. That is little more than being driven by the price of a few more people taking this drug. What is going on here . It is true. Tell you what, first thing really obvious answer Companies Want to make more money and they have fewer products to do it by. A couple of examples, viagra is great one. There is no that jake of viagra. In the other class of drugs, in this class of drugs theyre all branded. Viagra will eventually lose patent, meanwhile it will climb and climb and climb. Gerri what i read about the companies in this sector, these great big pharmaceutical companies, basically they have got a problem of a lot of their drugs going off patent. Right. Gerri which means that they basically lose control over pricing. Right. Gerri so what they do with remaining drugs they can charge for, remaining branded name drugs they have in their group, they hike the prices up s that what youre seeing . Thats exactly right. In the case of viagra, manufactured by pfizer, pfizer lost their number one drug of all time, lipitor. Lipitor went generic two years ago. Weve seen other drug prices increase. That is exactly what youre saying. Other people wonder what do i do about it . Do you have any answers for them. Some of the prices are extraordinary. Specialty drugs can be 14,000, 12,000 at a time. One of the things we suggested that Companies Push back, insurance Companies Push back. Employers push back. That is the first line of defense. For consumers next thing you can do is try to shop around as much as possible. Gerri youve actually found big differences depending where you shop. Huge. Gerri you reported this on the show before. That is true. Gerri how big of a price difference can there be . It can be difference. Some pills 14. Same pills 130. Gerri wow. The main thing for the consumer is ask for the cheapest possible price because sometimes it wont be your insurance. It might be, that many pharmacies, discount hundreds of generic drugs in all kind of pricing discount programs. Gerri so what matters where you have your prescription refilled . Yes. Gerri is there any magic answer to that . Is there any pharmacy you go to one over the other that is typically less expensive. For the market mass drugs it was predominantly costco you do not need a membership to fill a prescription for. Walmart was a great deal. Target sometimes. They have good deals on occasion. Gerri last word though, do you recommend still going generic when you have to. Absolutely. You wont believe this, actually negotiating for a price negotiate . You can, independent pharmacists particularly will be willing to negotiate. They dont have a formalized program but if you walk in say, hey i can get this drug at walmart and vcs for a certain price, can you meet it . Gerri or beat it. The answer is often yes. Dont be afraid to ask. Gerri great news. Appreciate your help. Thanks so much. Gerri walmart we were mentioning, great deals on everything they sell, but everyday low prices but that is not the case if you bank there. The wall street journal publishing a story at practices of banks inside walmart. They found be shocking details. For more, the reporter who wrote the story. Mark, thanks for coming on the show. Great to have you here. So whats going on . I thought walmart was everyday low pricing but i guess it is not true when it cops to the banks in the store. Whats happening . Well, we should be clear that walmart itself has some Financial Services like Check Cashing and Money Transfer which actually are pretty good deals for consumers. Theyre often the best deals around. Gerri huh. These are independent banks that are inside of walmarts. The largest of which is a bank out of houston called wood forest. Another one called First Convenience bank and several others are leading banks inside of walmarts. So they rent space from walmart but as it turns out we ranked all 67, 6800 banks in the country by fee income they get as percentage of their deposits and the top five banks in walmarts were among the highest in the country. Gerri well look at that list because we have it right here. For the Still National bank. First convenience bank, academy bank. These are banks that most of our viewers have never even heard of but guess what, their fee income can be higher than their loan income which is very unusual for a bank. What is going on . Why are they charging, why are they getting so much money in the front door for overdraft income . Overdraft is 35 buck or so fee thaw pay if you try to take too much money out of the bank and you cant cover that. It is not the, in the federal reports they dont say exactly what percentage of their fees are from overdrafts but typically analysts say it is around 70 to 80 . So, its a very large percentage. This, the case of the banks inside of walmart a lot of people that come inside of walmart and bank there, it is convenient product, a lot are walmart employees, retail employees, people on low to moderate income gerri a lot of military families, right . Yeah. Theres a lot of military as well. In fact the other, number of the banks on the list of the top 10 are military banks as well. So they, they kind of have an overlapping clientele which are people often who are not welleducated about Banks Services and how to use them. Also living kind of paycheck to paycheck. A lot of these folks gerri i will challenge you a little bit on this because i think they are actually working the system f they actually went and got a payday loan. This is often money they use for the next week or some if they went to get a payday loan, they would be pay far more in payday loan than overdraft fees. Absolutely correct, gerri. There is mixture of people. Some are sort of unaware they will get overdrafts of the we talked to a few customers like that. They didnt realize it but a lot of them are as you say very caney. They real they need 300 as one woman we talked to, needed 300 to get her car fixed. She didnt have a 300. She could go to payday lender or Wood Forest Bank inside of walmart and pay 3 for 300dollar loan for 45 days as opposed to 500 from a payday lender. For her it is a great deal. Maybe not a great deal if you think of annual Percentage Rate interest which amounts to 300 . Still, these people are often quite sophisticated in the fact that they know that this is better deal than what is available to them in sort of nonbanking sector. Gerri got to tell you if youre using the nonbanking sector youre taking a risk. I dont think the banks you used wont break your knees if you dont pay it back. There are risks with other lenders. Total overdraft fees, before we go, 32 billion a year. It is very big business even outside of group of banks we were talking about. Mark, good to see you. Gerri, great to see you, thank you. Gerri a lot more to come this hour, including your voice. Your voice is important to us. Why during the show we want you to facebook me and tweet me gerriwillisfbn or send me an email at gerriwillis. Com. At the bottom of the hour i will read your tweets and emails. Coming up next a drone and jetliner nearly collide over florida. Is the faa doing enough to keep well have the details. Im randy and i quit smoking with chantix. As a police officer, ive helped many people in the last 23 years. But i needed help in quitting smoking. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix reduced the urge for me to smoke. It actually caught me by surprise. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. If you notice any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which could get worse while taking chantix. Dont take chantix if youve had a serious allergic or skin reaction to it. If you develop these, stop chantix and see your doctor right away as some could be life threatening. Tell your doctor if you have a history of heart or blood vessel problems, or if you develop new worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams. I did not know what it was like to be a nonsmoker. But i do now. Ask your doctor if chantix is right for you. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. Gerri well as if we didnt have enough to worry about when we head to the airport. Now we have may have to worry about drones. Story this weekend that the the faa warning about drones and risks they pose to commercial airliners. Joining me now from washington, christopher harmar, naval analyst from institute of study of war and former knave helicopter pilot. Welcome to the show. What is the real danger here . These little drones, lets define what were talking about. Were talking about little drones you can buy online right had this country, right. Gerri, thanks for having me. Yes, it is a very serious issue. Every commercial aircraft in designed to operate even after it incurs what we call a bird strike, just running into basic bird flying around the airfield. Commercial aircraft can handle that level of damage and keep flying. Virtually every pilot i know has incurred a bird strike. But one gerri one bird strike sent an airliner right into the hudson river. They can be very dangerous. Even if designed to save it they can take one down. Can one of these itty bitty drones were showing take down a commercial airlineer . What happened with the flight of hudson river he hit multiple birds. An aircraft is not designed to take multiple bird strikes at once. With these smaller mechanical aerial systems and drones, if those goes down the aircraft engine intake. It will probably ruin the engine. It will cause adverse yaw at low altitude and high power settings. That will be very difficult for a pilot to recover. There are certain flight areas they just wont be able to recover from. Gerri what is it about the drone itself is more damaging than hitting a bird . The fact it is made out of metal and substances and harder substance. Birds when you get down to it, it is feathers and bones, not that dense of a material. Gerri right. When you hit one in flight, exciting, very scary. After it happens, you freeze for a couple section, checking out the aircraft, does it work, how much damage do we have . You want to land as soon as possible. It happened to almost every military pilot. Gerri and a funny smell wafts through the plane. Get back to drowns. Is there a law about that. The faa says they have adequate regulation on books. What is most important to understand is difference between regulation and enforcement. Everywhere that a commercial aircraft flies in definition controlled airspace. Commercial aircraft can not operate inside the United States unless it has a twoway radio working, unless under radar control with air Traffic Control and everywhere it goes faa, they know where it is. You can not fly a drone legally in the airspace. Regular layings are already in place to make it quote, unquote for recreational drone users to affect aircraft but theyre violating regulations that exist. Gerri so do you worry that were going to have some kind after major problem, some kind of a major accident. The overwhelming probability is that we will. Just a matter of time with the amount of recreational drone use we have going on now. With the inability of local Law Enforcement and faa to get handle on it. It is no problem if you have a farmer out in north dakota who has a drone and wants to use that drone to look over his drops or livestock or whatever. If you have people on the beach in los angeles or San Francisco or someone out, you know, in queens or brooklyn, someplace, heavy traffic area that is flying a drone around for Recreational Use it is just a matter of time before those hit an aircraft. Every military pilot will tell you there are plenty of people out there like to shoot lasers, low power lasers at aircraft flying. Just a matter of time before somebody decides hey it would be a good idea if i take my go pro camera and fly form flight on military aircraft. They will screw it up. There will be a mishap and all likelihood people are going to die. Gerri among them what if terrorists use these little drones. That is something that the pentagon looked at a lot. Its a worstcase scenario. Really right now no defense. This goes to broader issue whether or not we defend against terrorism in defensive way or offensive way. There is no possible way that the department of defense, fbi, the faa can keep drones out of the hands of terrorists or terrorist sympathizers here in the United States. The way to combat this is to identify terrorists before they act through proactive Law Enforcement. Gerri yet, you can go online right now, buy a drone anywhere in the country . Thats a true case. Gerri chris, thanks for the heads up on that. Thank you so much. Have a good evening. You as well. Later in the show, the start of our userss guide to spring real estate. The Housing Market has yet to hit its stride but are there signs it is warming up . Well give you the lowdown on the Spring Market. Next we answer the question, how do you do that . How to protect your health and your wallet while traveling overseas this summer. So i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Is all ready the brand ofstate the year. D Berkshire Hathaway home services. Good to know. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. Gerri attention travelers, your Health Insurance could leave you high and dry overseas. Important information you need to know coming next. What is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future he has a phaser its not a phaser its my phone he can use his voice to control the tv. You can use your woice . My voice. Your woice. My voice. Vuh, voice. His voice. Your woice . Look. Watch scifi. [ female announcer ] the x1 entertainment operating system, only from xfinity. Gerri well time, for summer travel. If youre traveling overseas, you might want to consider an insurance policy, a Health Insurance policy, to cover you and your family once youre there. How do you insure your health overseas . Bring in travel expert mark murphy. Founder and ceo of travel pulse. Com. Welcome back. Thanks, gerri. Gerri so cant i, my employer based coverage cover me overseas . , wouldnt that be easiest thing. Only if it is obamacare. Im just kidding. Actually it doesnt for the most part cover you. Regardless what policy you have you should look into it, call your insurance company. But are to the most part they dont cover you in case of a medical emergency overseas. Only here in the u. S. So you are going to want to look at other coverage. Gerri you look at separate policies but how do you do that . Where do you go to get quotes . Well there are different websites. There is website, insure my trip. Com. Square mouth. Com and do comparison shopping. The problem you have to assess your needs. You have to look what needs you have. Active trip. Venture trip. Taking risks. More of a sedentary trip. What is your age, situation healthwise already. Look at different levels. Insurance coverage. Comprehensive coverage covers virtually anything that happens to you. Like Health Insurance at home. Gerri right. Emergency medical coverage could cov

© 2025 Vimarsana