Tag Archives: kelseycwu

Understanding Fiduciaries

The fiduciary rule, something I personally have never heard of until today, seems like a no brainer. Apparently, financial advisors are allowed to give advice that is not in the best interest of their clients. Their advice will, in turn, benefit the advisors instead. All of this is 100% legal unless you are, what is called, a fiduciary. This is a term for a group of professionals that are legitimately required to put the clients’ interests and benefits before their own. This “fiduciary rule” seems like it should be an obligation for everyone in the financial advising world however, it sadly is not.

Both the articles, one written by Kathryn Lee and the other by Patrick Tucker, came down to the same conclusion. The fiduciary rule is, in fact, a good one. Tucker and Lee are in favor of fiduciaries and think that financial advisors, who do not work under this rule, are scammers and con-artists. I, myself, happen to agree with them. The article written by Lee was much easier for me to understand. She got right to the point and explained exactly what a fiduciary is and how the rule works. Lee also explained that it is legal for financial advisors to give one-sided advice to clients, which I was not aware of. Reading her article, I was able to pinpoint exactly which side she stood on as well as gain information I was uninformed of. The tone in Tucker’s article was too far over my head. I have very little knowledge in the legal world as well as the financial world, so it was difficult to comprehend much of the vocabulary he chose to use. It was also a challenge to identify which side Tucker took because of the lack of familiarity I had with his writing. I think that it is very important to understand that many clients go to financial advisors and fiduciaries because they are unaware of laws and legal terms. Which is why, regarding the readings, Lee’s article is more consumer friendly. If I was seeking financial help, I would now know to look for a fiduciary or be weary of all financial advice I was receiving.

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Glossary Building 1

Just a little bit ago I went into Dr. Pearson’s office to get some help with my blog. I may be a millennial and all, but I am not tech savvy in any way. I was having a very difficult time navigating Consuming Health Matters. Once I entered her office I felt a sense of ease and confidence. She showed me everything I kept questioning and lead me to where I needed to be. How do I get to this page, where do I find that? I was no longer stressing about posting on the blog. Once I saw how she laid it out, everything made so much more sense. It really wasn’t as complicated as I had made it for myself.

During my meeting with Dr. Pearson, she landed on a few pages I had not been to before. They intrigued me slightly so I decided to revisit them when I got home. “A Page to Start With” had two red links that I ended up clicking on. The first link took me to ideology, which I had heard of before but never really understood. I was directed to a Wikipedia page that explained to me exact what this meant, which I thought was refreshing. I felt like this was something I needed to be comfortable with during this course. I concluded that ideology is the beliefs and thoughts that a certain group has. After acquiring wisdom on the definition of ideology I looked at the second link, which was written by Dr. Pearson herself. She had discussed social justice and market justice, two terms I was very unfamiliar with. Market justice is vastly different from social justice; their definitions are almost exact opposites. The idea that fairness is not ideal nor possible is what Market Justice covers. Social justice, on the other hand, is the idea that fair outcomes should be ensured to all. Now, with all that knowledge in my head, I am excited to see how these terms continue to be used throughout this course.

 

Definitions:

Ideology: a comprehensive set of normative beliefs, conscious and unconscious ideas, that an individual, group or society has

Market Justice: self-determination and self- discipline; rugged individualism and self-interest; benefits based solely on personal effort; limited obligation to collective good; limited government intervention; voluntary and moral nature of behavior

Social Justice: shared responsibility; interconnection and cooperation; basic benefits should be assured; strong obligation to the collective good; government involvement is necessary; community wellbeing often comes before individual wellbeing

The Consumers Black Hole

Parents, especially new ones, often get caught up in all the excitement of welcoming a new tiny person into this world. They are a perfect victim for what I like to call, The Consumers Black Hole. This is something that not only expecting parents fall into, but likely everyone can say, at some point, they too were sucked in to what seemed like a screaming deal at the time. There are many different sub-populations that certain businesses and corporations sink their claws into. Their goal is to persuade people to consume, new parents happen to be one of them.

We are exposed to thousands of commercials and other propaganda out there that makes planning parents vulnerable to all sorts of items, services and other sorts of “stuff.” These companies advertising their merchandise are becoming more creative by the second.  Businesses and corporations are selling anything from the necessary diapers to the unimportant pacifier wipes, what? Johnson’s, a company all of us likely know and love, even sells a baby cologne. Isn’t that insane? It is more shocking to me that parents fall into these marketing traps.

New Zealand and The United States are the only two nations that allow direct-to-consumer drug advertising. These ads tend to overemphasize the benefits of the drugs so that the risks are lost in the crossfire. The over advertisement and information provided causes the consumers to be misled and confusing into purchasing products. It is easy to get caught up in something when the ads say it’s the next best thing and claims to fix all your problems. This can hit new parents especially hard. Babies are so delicate and fragile that a brand-new mom and dad would do anything they are told to make the perfect life for their precious baby. For example, they can easily be manipulated into believing that all babies need to have Johnson’s baby cologne, when this is very untrue.

Parents should be doing their research. It would be extremely beneficial to gain information from websites that are unbiased. Even moms and dads who have raised children before are good sources to figure out what things are necessities and what are not. This makes me nervous to have a child of my own. I know I often easily fall into the Consumers Black Hole, but with the right education beforehand I could easily pull myself out, and others can too.

A Morning Routine Challenge

Wednesday: Good morning! I woke up bright and early for my 6 am class. Gave myself some extra time to make a coffee at home, black and not how I like it at all. Yuck! I drank water and washed my face like normal. My breakfast was some warm oatmeal and now I can go brush my teeth before I head out for school.

Thursday: It’s almost Friday, woohoo! I continued the routine this morning as well. I feel great and the water is really helping me stay alert. I even packed a water bottled for my early morning shift today.

Friday: TGIF! Clean teeth and a washed face really set my day off to a good start. I am currently sitting at the table with my glass of water right now. Today I feel good so there is no need for coffee and no need to drink anything sugary, thank goodness for that.

Saturday: I woke up a little earlier than I would have liked to today. Oh my! I slept great. I almost forgot that I was partaking in a challenge this week. A lightbulb went on in my head and I quickly remembered to continue my routine. The day started off swell thanks to a nice glass of water, a fresh face, clean teeth and nicely combed hair. Now, off to work and persistent to stay away from sugary drinks.

Sunday: I am so tired and my house is cold. This morning I switched it up and drank hot water with some lemon instead. My face feels fresh and my pearly whites feel sparkling. Hey, coffee isn’t so bad with just a dash of almond milk. Now I must go brush this nest I call hair.

Well, that was fun. I hope I continue this tomorrow morning before school. I feel great starting my morning off this way so I don’t think there will be a problem. Cheers to a lovely week.

C P & R: Prompt One

As a consumer of sodium, it is hard to say whether I feel protected or not. I will admit that, as a college student, I find myself eating fast food more than I’d like to admit. On Friday nights when it has been a long week and I can’t quite seem to find the energy to cook, it’s always easiest to grab a bite to eat somewhere outside of my home. Even though I am a nutrition major and care deeply about remaining healthy, I do have my slip ups. This is what causes me to be so unsure of how protected I am when it comes to being a consumer of sodium. I feel as if when I eat my own food at home my sodium intake is extremely low and when the weekend hits and I eat out most the days, my sodium intake must be at an all-time high. These two put me in the extremes of low sodium and very high sodium, which is what makes me wonder about my protection, is that healthy?

There is a large chunk of information that I do know about sodium and the impact large quantities of it have on your health however, there is also a lot for me to learn. I know that salt can increase your blood pressure which causes the heart to have to work harder. An unhealthy heart can lead to a multitude of negative health problems. I am also aware that adults should not consume more than 2,300 mg of sodium daily. For me, what I need to understand and learn about, is how to track my daily intake in milligrams so I can keep from going over 2,300 during the weekends.

Another way to help those keep track of how much sodium they consume would to remain comfortable and up to date on the laws regarding food labels. There is a specific spot on nutrition fact labels that show exactly how much sodium is in certain food items base on serving size. There is also a small place located beneath the nutrition facts that remind you how much should be consumed daily: 2,300 mg. With that being said, I think it is very important to be your own protector when it comes to sodium and excess consumption. In our world today, it is very easily hidden in so many different foods we eat. To remain healthy and protected as a consumer, education should be the number one priority.

Link

Health Care: Prompt One

In my opinion, the Affordable Car Act is extremely important for a large majority of people. There were three goals that the law put its primary focus into. Those goals were:

  1. Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level. (ACA, 2017)
  2. Expand the Medicaid program to cover all adults with income below 138% of the federal poverty level. (Not all states have expanded their Medicaid programs.) (ACA, 2017)
  3. Support innovative medical care delivery methods designed to lower the costs of health care generally. (ACA, 2017)

Health care in the United States has been less than perfect for many years. The ACA was very controversial because many people do not accept change well and the policy is extremely complicated. It can be very difficult to understand all the different aspects of the law. I think the very most important thing for people to understand when discussing the Affordable Care Act is that the main goal was to “move closer to the one objective almost everyone agrees upon: making health care more affordable and more accessible to all people” (Wanamaker, 2017).

Because of the ACA, millions of Americans are given the ability to receive health care. This policy, “eliminates the ability for insurance companies to reject a patient due to pre-existing conditions, allowing children to remain on their parents’ health insurance until age 26 and expanding the eligibility of Medicaid for millions of Americans” (Goldberg, 2012). There is a lot more that the health care act entails. It is extremely detailed and very complicated for most to understand. One of the most difficult things to understand is how or who is paying for the ACA. There are many resources online that explain in detail what the law is about and all it entails. USA Today and CNN have plenty of articles regarding the subject and are very useful tools to use wen educating yourself on our nation’s current health care bill.

The very best aspect of this law is that it was helped a huge majority of Americans. Before we implemented the Affordable Car Act, “about 16 percent of Americans had no health insurance of any kind. Now, that’s down to less than 9 percent — a record low” (Haynes, 2016). Millions of Americans have been helped drastically in the recent years that this law became effective. There were rapid and tremendous improvements since Obamacare. Of course, the law is not perfect and there is much that could be changed. If I had one recommendation, I would suggest that the qualifications of subsidies be decreased. If a family does not qualify, then purchasing insurance through exchanges can be extremely expensive (Cassidy, 2017). “Until policy-holders have covered their deductibles, they have to pay for the full cost of most of the medical services” which are often highly expensive (Cassidy, 2017). The fact of the matter is that this law was created because prices are an issue. The best way to help people afford health care would be to spend more money so that it would bring down the costs that many people face. Nothing will be a quick fix, but my belief is that the ACA was a step in the right direction for the United States.

 

 

Works Cited

 

Affordable Care Act (ACA) – HealthCare.gov Glossary. (n.d.). Retrieved October 07, 2017, from https://www.healthcare.gov/glossary/affordable-care-act/

 

Cassidy, J. (2017, June 19). Three Ways to Fix Obamacare. Retrieved October 07, 2017, from https://www.newyorker.com/news/john-cassidy/three-ways-to-fix-obamacare

 

Goldberg, L. (2012, March 19). Discuss: Share in Our Policy Ideas. Retrieved October 07, 2017, from https://www.nasi.org/discuss/2012/03/affordable-care-act-turns-two?gclid=Cj0KCQjw9uHOBRDtARIsALtCa95bg0snF_S0QNQQL91fanr_o3ujnA-msmHbfGawvKW3_VMT26sUeTUaAscOEALw_wcB

 

Haynes, C. T. (2016, November 04). Even With Its Faults, Obamacare Has Helped Millions. Retrieved October 07, 2017, from http://www.nationalmemo.com/obamacare-helped-millions/

 

Wanamaker, B. (2017, February). Seize the ACA: The innovator’s guide to the Affordable Care Act. Retrieved October 07, 2017, from https://www.christenseninstitute.org/publications/aca/?gclid=Cj0KCQjw9uHOBRDtARIsALtCa96Lkw4RnTSg0BIZwlDs7pWUEkC2sSMrpN-4nhuFjvcgIiL-0rNm0dcaAiuCEALw_wcB

Wording Matters

After looking at these two questions, it is clear to me that they are stating the same idea. When looking closer, you can tell that the wording of both are extremely strategic. In the first question, which is: “Do you favor or oppose expanding Medicare to provide health insurance to every American?” 60% favored this strongly or somewhat while 23% opposed this strongly or somewhat. The second question states: “Do you favor or oppose creating a single-payer health care system, in which all Americans would get their health insurance from one government plan that is financed by taxes?” 44% favored this strongly or somewhat while 31% opposed this strongly or somewhat.

The first question provides very little information. In theory, it would be brilliant to expand Medicare to where health insurance would be provided to all Americans. However, there is much more to it than that. Health care costs a lot of money and a lot of Americans are high risk customers. The question states nothing about how Medicare would be expanded or where the money would come from. This lack of information could create a response bias in some. The idea is perfect but the evidence and data is limited.

In the second poll, a far less amount of people favored the question strongly or somewhat. The question is much longer and contains a greater amount of information. In this one it states exactly how the health care would be paid for so that each person would be provided with it. Money is very important to many Americans. When they are told that they may have to pay taxes to provide something important for someone else, their approval suddenly declines. Not many people willingly pay to help one another, a lot of American’s are extremely selfish with their cash. The wording of this questions clearly demonstrates that.

The language in these polls is particularly important. That is easy to see based on the results. Both questions are regarding the same topic however, extremely different. The polls demonstrate that you can get exceptionally different results with simply the words placed into the question. I think this is important to acknowledge and take note of. Giving a good amount of information away in the question will likely give you a more accurate result in the poll. If you are looking for certain answers of yes and no or favor and oppose, it may be very pertinent to be meticulous in the wording of your questions.

Getting To Know Me

Hi guys!

My name is Kelsey and I am a senior at CWU. I have attended here all four years of my undergrad and I am majoring in Nutrition. I will finish this winter and hopefully find work over on the west side of the mountains. In high school I had no idea what I wanted to do with my life, I just knew the right thing to do was to get an education. After coming here, I fell in love with nutrition. I now plan to work for the National School Lunch Program in the near future and hope to regulate and change some poor decisions that have been made regarding school lunches.

As a consumer, I am not doing my best. Like many other college students, I have a significantly small bank account. I wish it was probably for me to purchase locally grown fresh produce weekly or to grow my own. However, I unfortunately have no garden space to work with in my tiny home that I am renting and opt to buy the cheaper frozen fruits and vegetables that last me much longer than fresh ones. I also have to say that I consume a lot of frozen and farmed meats. I know, as a nutrition major you all probably think I am crazy. But, I’m telling you guys I do the best that I can with the funds I have.

As a learner, it is extremely important to me that I get every ounce out of my knowledge that I can. I am very excited to take this class because I know that I really do need to work on my consumer health. I would really like to gain the knowledge I need to be the best consumer I can be and to improve the health and sustainability of the world I live in.

When It comes to values, I find it extremely hard to pick just a few of the most important ones to me. Narrowing it down is challenging although, I know for certain that two of the most important ones to me are, devotion and forgiveness. When it comes to devotion I think it is important to consistently stay devoted to the things that are important to you. For example, school is extremely important to me. Some days are good and some days are bad but my devotion to my school work never changes or decreases because I know the outcomes is great. This can also go along with friends and relationships as well. When people are important to us, our devotion to them I’m extremely important regardless of the good and the bad. Which brings me into forgiveness. I think that is a part of devotion. On our bad days we may need someone to forgive us, and on their bad days we may need to forgive them. It ties back into treat others how you would like to be treated.

When it comes to our rights there are a few that I think of right away. That is the freedom of speech and the freedom of religion. Both of these are extremely prominent in the United States and we see them daily. Two rights I wish we did have are the right to healthcare, so many people would benefit from this. I also think it would be beneficial to have the right to free public transportation. A large number of people would benefit from this is numerous ways.