Showing posts with label affordable care act. Show all posts
Showing posts with label affordable care act. Show all posts

Thursday, August 27, 2020

A New Awakening to the Sad Realities of Today's America


The same story is repeated again and again.   I encourage everyone to watch the video by Doc Rivers above in reaction to the shooting of Jacob Blake.  It is quite powerful.  A white police officer suspects a black man of being a threat based on his image.  The man is held captive and shot. The white officer goes home and the black victim (Jacob Blake this week) is either seriously injured and rushed to the hospital or killed on the spot.  There are no immediate consequences for the shooter.  

Why does this keep happening?   I never truly understood the underlying roots of systematic racism until recent years and became much more aware of this since the rally in Charlottesville.  Living in a safety bubble it appeared that these incidents were isolated.  I now regretfully realize how naive I had been and that these are not isolated.  

The more I read and learn the more awakened I have become.  It becomes more apparent  that much of our history has been based on a biased foundation.  I just finished reading the book Caste by Isabel Wilkinson.  Her hypothesis discusses this in depth claiming that our country was built on a system of inequities.  At the bottom of the system are the exploited laborers who lay the foundation and served at the mercy of their superiors.  The upper castes controlled the land and the structural basis of this country.  

Although the titles of the lowest castes may change through the years,  there are laws and methods to keep exploited and economically disadvantaged groups in control of those above them.   Systems continue to manage those with lower economic power through gerrymandering, voter suppression, and unequal treatment in the eyes of many in authority positions.  

It extends to efforts to eliminate the Affordable Care Act and hurts minorities  most vulnerable to health disparities It extends to fair housing protections by the current administrations announcement of rolling back policies of the Fair Housing Act.  It extends to the postal service cutbacks that affect the poor, elderly and rural areas where residents depend on regular mail to get medications, important bills and payments via day to day delivery.  It extends to education where public schools in disadvantaged areas will not get funding to safely reopen during the pandemic or in general to better educate all Americans.

As the late Congressman John Lewis said:

If everyone was treated on an even playing field perhaps we could eliminate many of the problems facing our country today.  We can all do better. No one's life should never be considered a higher value than anothers.  

I am sad to be American these days.  America is in a crisis.  The current leadership is to blame for much of this.  Although inequities and divineness are cumulative the current administration is fully exploiting this to gain and retain power of their perceived dominant caste. You can witness this yourself by listening to the RNC speeches this week in contrast to the DNC speeches last week.  Clearly the current administration can not say they represent change given they have created the extreme discourse we have today. The Biden/Harris platform clearly states Enough and is much more representative of all Americans.  

I hope there will be a change in November.  We all need to stand up for what is right and vote.  We need to engage everyone we know to vote for this change.  I invite comments below.  

Wendy is a Realtor with Coldwell Banker Needham. This blogpost represents her personal views only and is not affiliated with her business.  


Thursday, September 13, 2018

The Importance of Insurance







insurance







NOUN

  • 1A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
    ‘many new borrowers take out insurance against unemployment or sickness’
As with the removal of the Affordable Care Act requirement-  Americans in many areas are no longer required to have flood insurance.  With the removal of the ACA mandate individual have the option of purchasing health insurance. Because the newer risk pool is smaller due to it being optional the premiums vary as do the coverage available for new policies.  Since the changes in the ACA , Insurance Providers may limit the product coverage one can purchase based on a history of preexisting conditions.   Therefore in the future,  if you have a preexisting condition you may find that you are unable to get an insurance policy, may have that condition excluded from coverage or may pay an extremely high premium.   

From my own experience in purchasing a new life insurance policy the proposed rates are somewhat higher than in the past, due to a blip on a medical record that has since been updated but had been reflected in my history. I am in process of contesting this but it is just one example of the increased vigilance on the insurance company end of pricing my policy.  (I am in good health).  For someone with a preexisting condition and with limited available options the costs can be very high if one does not have continuous coverage.  Some new policies can refuse coverage if you have a lapse in your health care insurance.  Keep this in mind, particularly millennials who think they are saving a few dollars.   

Likewise many American's are no longer required to have flood insurance.  Although the short term savings and that paying premiums may be a waste if there is a flood these people will have no protection and can be literally wiped out financially.  Since 2013 there has been a decline in the number of households choosing to have flood insurance.  In general we have been experiencing an increase in the number of major storms over the past few years and it looks like this will extend way in to the future.  

At the time one may feel like they are saving money by not purchasing insurance but in the long run, insurance may be the only way to help mitigate the risk associated with your financial needs.  This goes for Property & Casualty Insurance as well as Long Term Care options.  (as a reminder Flood insurance is separate from Home Owners Insurance and flood damage may not be coverage under a standard HO policy)

The unexpected happen in a second.  At that point if you don't have protection the loss is 100% yours to handle.  I do not claim to be an expert in the actuarial or insurance field but have always believed in protecting my risks.  One needs to look long term when making these decisions.  While you are healthy and don't need the insurance is the time to invest in it.  This is when the premiums are lowest for health, life and flood insurance.  

Wendy is a Realtor with Coldwell Banker Needham.  She is always looking out for the best interests of her clients and loves sharing her ideas to help improve the daily life of those she cares about.  For more information check out her website or like her on FB by clicking here.