Category Archives: Readings and other resources

Finance Prompt Two

In reading “The Public Interest Research Group’s Tutorial on John Oliver’s Retirement Income Episode and the Fiduciary Rule” I understood it more compared to that of the “Investment Advising Company’s Debunking of the Arguments Against the Fiduciary Rule.” According to The Public Interest Research Group’s Tutorial on John Oliver’s Retirement Income Episode and the Fiduciary Rule, “fiduciaries is the legal term for a broad group of professionals who are required to put customer’s interest’s first” (The Public Interest Research Group’s Tutorial on John Oliver’s Retirement Income Episode and the Fiduciary Rule, 2016, para. 1). As a consumer I believe that it does help explain what the positive and the negative aspects of the fiduciary rule. In reading the article I found that if brokers were to act solely in the interests of the client without compensation of any sort they will not work as hard to assist the consumer in reaching his or her financial goals. In this case according to the article The Public Interest Research Group’s Tutorial on John Oliver’s Retirement Income Episode and the Fiduciary Rule, “advisors aren’t currently bound to act in your best interest, they can steer you to make investments that benefit them but might not be the best choice for your retirement savings” (The Public Interest Research Group’s Tutorial on John Oliver’s Retirement Income Episode and the Fiduciary Rule, 2016, para. 2).  Do to the conflicted interests that advisors have with their consumers they make little profit without regard for their clients interest. The Department of Labor attempted to come up with a rule requiring that all advisors handling consumers accounts be bound by the fiduciary rule to act in the consumers best interest. In this case this article provided useful information in regards to the fiduciary rule and how it could potentially have beneficial benefits to consumers but the catch is that the advisors will no longer be able to collect compensation from these accounts which will in turn change the amount of effort they apply to these accounts.

References

4 Arguments Against the Fiduciary Rule Debunked. (n.d.). Retrieved July 16, 2017, from http://www.truemeasure.com/blog/2016/4/14/5-argument-against-the-fiduciary-rule-debunked

Blog. (2016, June 14). Retrieved July 16, 2017, from http://www.uspirg.org/blogs/blog/usp/last-week-tonight-john-oliver-retirement-industry-minefield-here%E2%80%99s-answer

Glossary Post: Two

Market:

According to Coleman (2017) “A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market. The market may be a physical entity, or may be virtual. It may be local or global, perfect and imperfect.

Description: What are the different types of markets?

A market can be called the ‘available market’ – that of all the people in the area. Within the available market, there is the ‘market minimum’- or the market size, which will buy goods without any marketing effort. This is the lowest sale that a company could get without any action on its part. In today’s world, this level is sinking ever lower” (Coleman, 2017, para 1-3).

In this case market can also be related to the stock market, supermarkets, and other such services. In the developing years market has been developing its own definitions and many individuals relate to it in different ways.

Market Justice:

According to Budetti (2008) “Individual resources and choices determine the distribution of health care, with little sense of collective obligation or a role for government. Known as market justice, this approach derives from principles of individualism, self-interest, personal effort, and voluntary behavior” (Budetti, 2008, para. 1).

Social Justice:

According to the Article The Market as Part of the Consumer Health Context by Consumer Health it states that “social justice is a basis for most public health efferts, in contrast to market justice, social justice suggests that societies have a responsibility to help ensure fair outcomes for all. In this view, fair outcomes are not based solely on what a person or group earns by choosing healthy behaviors” Consumer health, 2017, para. 17).

References

Budetti, P. P. (2008, January 2). Market justice and moral compass. Retrieved July 20, 2017, from http://www.pnhp.org/news/2008/january/market_justice_and_m.php

Coleman, B. (2017). Definition of ‘Markets’. Retrieved July 20, 2017, from http://economictimes.indiatimes.com/definition/markets

Consumer Health (2017). The Market as Part of the Consumer Health Context. Retrieved July 20, 2017.

 

Thinking and Discourse: Prompt Two

In reading the article about the market as part of the consumer health context I found that market, market justice, and social justice have equal the importance when it comes to consumer health. They also have their own definitions and meaning. According to the article, market has many different meanings in regards to peoples views and opinions. In the article it brings up the fact that when people hear market they think of the stock market. In the article it goes on to talk about how there are many other types such as what I mentioned above (market justice & social justice). Market justice and social justice are two different ideas and they help understand different views about consumer health.

Market justice is found to be related to people who are financially comfortable and have  earned their comfort in the world of consumer health and the people who are less comfortable have earned that situation in life. A persons own lifestyle and choices are responsible for the negative and positive effects. In this case regulations play an important role but some corporations find it difficult to sell their products. In conclusion market justice can be seen as dominant over social justice.

Social justice in the other hand also has its own meaning in the consumer health realm. Social justice defers form market justice because social justice seeks to make all outcomes fair for everyone. In this case policies and procedures it what helps make this happen. According to the article The Market as Part of the Consumer Health Context, “in this view, fair outcomes are not based solely on what a person or group earns by choosing healthy behaviors, rather, they are actively fair, based in policies or processes that allow for or provide equitable benefits and risk of harm to all.”

In my response to this if I had to choose among market justice and social justice I would be right in the middle. In many cases I believe in self-determination, self-discipline, benefits based solely on personal effort, and I have a strong obligation to the collective good. In understanding the types of markets and where you stand can better help you make a positive decision when it comes to consumer health.

References

Consumer health matters (2017) “The Market as Part of the Consumer Health Context”

End of Week Four – Happy Friday, but let’s talk about death and dying a bit….

As you’ll hear if you head over to Canvas and listen to the recording of today’s conference/chat session, today I attended a memorial for the brother of close friends. It made me think about the individual choices we have – and CAN make – as consumers, and how difficult that decisionmaking and choosing IS for many of us.

As I noted in the recording, you have access to a Content Page on Illness and Mortality Matters, but I want to call out a couple of the resources included there.

First, take a look at the FAQ page of the Honoring Choices website. It’s a really good place to start for folks wanting to learn more about this important aspect of life and how best to make sure their own wishes are known and respected. Here comes a challenge….

CHALLENGE: After reviewing Honoring Choices information, have a conversation with someone you love (OR have an imaginary conversation with that person). How do you start the conversation? What do they say? What does it feel like to take this step as a consumer?

Post your reply by PW deadline of NEXT Friday July 21, or LC deadline of Sunday July 23. Use your username and Challenge as tags, and choose the Challenge category!

NOTE: If thinking about death and dying is hard for you, I understand. It’s hard for all of us, and in my family we tend NOT to discuss it (or our options) at all. It’s simply TOO difficult for some of my family members. I really wish it wasn’t that way, because I know there’s going to be a time when I will simply have to deal with the dying and deaths of my parents. And I know that would be just a little easier if we’d shared our thinking and wishes in advance. Btw, I intend to take myself up on this challenge. I think I’ll be doing the imaginary version. But that will help prepare me to push again to hold a REAL conversation and become an active, healthy consumer in this area of life….

 

The Monday July 3 Summary/Digest. Read here!

Hello and happy odd holiday weekend, right?

Rather than posting two separate posts leading you to responsibilities and opportunities, here’s a single post with information you should have right now.

First, if you have NOT yet been using the slides, please start. Although I haven’t specifically required you to include info from them as part of your posts, you’ll learn a great deal from them about consumer health as an area of public health. AND – bonus! – there’s a “Challenge” in one of them. Scavenger hunt!!!!! You know you want to…..

You’ll also find a third “Thinking and Discourse Prompt” up, and it specifically does invite you to make use of slides information. I look forward to seeing some of you posting to that prompt. Visit it here!

Glossary Building Posts – here’s how!

A total of five* Glossary Building posts are due by the end of the quarter. Try to post GBs every week, when new terms are hitting you, rather than rushing to post all five and having to search for terms to include. (*Note: Because I’m just getting the guidelines to you and there are only four weeks left officially, you may opt to replace one with a “challenge” or other “extra learning” post.)

Click here to see the GB guidelines at the Guidelines and Deadlines page, or keep reading.

A glossary is a specialized list of terms and definitions. You may find regular words, just like in a dictionary, but with an additional meaning or a “twist” for the context. You may find some acronyms or even concocted terms or phrases very specific to a given field, industry, or organization.

Each of your GB posts should include at least three terms that you believe are important for a glossary in consumer health, particularly if consumer health content is a chance to empower others to make the healthiest choices they want to make.

Posting on time, with attention to detail, correct citing of sources, and a readable, user-friendly approach – AND using your username as a tag and glossary as the category – will earn you the possibility of a High Pass (5/A) for your GB post.

Health Care Prompt Two

In reading this resource I learned that by passing the H.R. 1628, Better Care Reconciliation Act of 2017 was going to save approximately $321 billion through the years 2017-2026. The only negative impact that it would have on the people is that the individuals that cannot afford insurance will not have it. The Better Care Reconciliation Act would remove the penalties and make it more expensive for individuals to pay for medical attention. According to the H.R. 1628, Better Care Reconciliation Act of 2017 states that “by 2026, an estimated 49 million people would be uninsured, compared with 28 million who would lack insurance that year under current law” (H.R. 1628, Better Care Reconciliation Act of 2017, 2017). This information provided by the Congressional Budget Office and the staff of the Joint Committee on Taxation have estimated the effects of the Better Care Reconciliation Act of 2017.

In this case Obamacare provided all a means to be insured and if you were not insured you had to pay a penalty. This in my opinion was beneficial for both the insured and the individuals that do not have it. One of the main things that I would like to know is how much of an impact will it has to those that cannot afford health insurance. The increase of premiums will also negatively impact those that cannot afford it. In conducting further research I found that the affordable care act website had very informational sources to help those looking into becoming more informed in the types of insurances available. The current site that I found is the http://www.medicaid.gov/affordable-care-act/index.html.

Great to see you posting! Now for the details….

Hi everyone –

I’m seeing several of you posting now, and that’s terrific. Let me remind you all that it’s REALLY important – to ME – that you protect your identity online: See my note about that here, on the PUBH 209 page where I point you to the syllabus and other important stuff. So… again, please guard yourself, by choosing a username that does not identify you, and avoid sharing personal info such as where you work, etc.

Next order of business – let’s go out and find those readings and slide sets! Because now that you’re getting the lay of the land, you should start reading about consumer health. Then you’ll be able to start in with other posts.

Let’s start with a quickie. Here’s a brief page considering what it means to be informed, educated, and empowered – and how those definitions may differ depending on whether you’re the ordinary consumer or the folks selling us stuff. Thinking about these ideas should form part of your first work in learning about consumer health. Now, notice that this page is actually a sub-page under the PUBH 209 sub-page of “4 Other Course Resources.” See how this works?

Here’s a quick video (well, about 20 minutes long) showing you around the content areas of Consuming Health Matters. I show you around the PUBH 209 pages and sub-pages, and point you to how your reading will be connected to assignments, and where you’ll find everything.

Please note – at about minute 10 or so in the video, you’ll see I click on a link to a piece I wrote – and it doesn’t work! (Epic fail, right?) But I have fixed it now, so be sure to go to that page and read the piece. To make it easy, I’ve linked the page right here. Just click on “This is a piece…”

As noted, I’ll be rearranging the Content Pages a bit, and I’ll be posting a Slide Sets page! Look for that to happen soon, and to see your first post prompts popping up soon too. (For now, go ahead and get started reading and learning about the context of consumer health.

Happy Friday afternoon, everybody – make it a healthy and fun one!

–Dr. P