💸💪🏾Moneda Moves (18): "Health, wealth and love"
In Spanish, there's a classic saying that goes "Salud, Dinero y Amor." ❤ In other words, that's "health, wealth and money" -- three essential pillars you need in order to lead a good life. These so-called keys to happiness have been on my mind lately, especially during open enrollment season for health insurance. 🔑
(Credit: AdWeek x Giphy)
For Americans, this is the time of year to choose a healthcare plan independently, through their company or otherwise apply for the Affordable Care Act with an approaching deadline of December 15.🏥 Though this year, some many not register or have heard much about ACA/Obamacare at all after President Trump cut the program's advertising budget by 90%, per Forbes. When you factor in a removed tax penalty for failing to have coverage, a big question in the balance now is: Will the administration changes influence registration rates?🤔
📰Per NPR, 2.4 million people have chosen a plan so far on HealthCare.gov. That's 400,000 fewer than last year at almost this time in the enrollment period. Meanwhile, certain states are relying on private donors, local funding or volunteer assistance to compensate for budgets cuts. The Latinx segment could end up being among the largest groups uninsured, especially in states like California as is projected by one UC Berkeley study. More on the matter in the notita within.
In the meantime, I'm linking you to the opening credits to a Mexican telenovela my parents watched a handful of times titled "Salud, Dinero y Amor"...just for your entertainment. For a show soap opera citing health, however, it seems these folks spent quite some time at the cantina.💁🏽♀️ Watch if you dare.
(Vicente Fernández, Credit: GIPHY)
I'd encourage you to forward this newsletter to anyone who is looking to sign up for health insurance. And if you are accessing this edition via a link please subscribe to la notita here.
Con poder✊🏽,
Lyanne
UC Berkeley study foresees increase in number of uninsured Californians and Latinx⚕: Should there be no state action to influence people to enroll in health insurance, this study sees the number of uninsured Californians increasing in years to come. To be clear, between 150,000 and 450,000 more Californians are projected to be uninsured in 2020, increasing to between 490,000 and 790,000 more uninsured — or 12.9 percent total — by 2023. Lead report author Miranda Diet attributed increasing un-enrolled numbers to the individual mandate penalty being "zeroed out starting in 2019.” By 2020, most of those uninsured would be poor and Latinx in California.
(Credit: The Daily Californian)
Language barriers hurt Latinx trying to get reproductive care👶: As if navigating the world of reproductive health care and finding a good doctor for your needs wasn't hard enough. Not only is the language a literal barrier for Spanish speakers, reproductive health tends to lack the cultural sensitivity to work with Latinx patients, explains writer for Bustle, Alexandra Svokos. Additionally, because Latinx are among the most uninsured groups, finding this kind of care can be increasingly difficult.
Alexandria Ocasio-Cortez calls out her future colleagues in Congress for failing to pay "living wage"💰: Moneda Moves is no stranger to AOC and she does frequently bring attention to money on her platform. This week, the newly elected US House representative noted her disapproval of hiring unpaid interns and paying staffers below "living wages." 🐦She tweeted "This week I went to dive spot in DC for some late night food. I chatted up the staff. SEVERAL bartenders, managers, & servers *currently worked in Senate + House offices,*" she wrote. "This is a disgrace." The full piece is from Eliza Relman and Business Insider.
Applying for healthcare first-hand through Dinero Diaries💸: Ever wondered if anyone has the same personal finance questions you do? You're not alone. Founders of Dinero Diaries, Antonia and Laura journal about their money stories and journeys covering everything from credit cards, loans to yes - you guessed it, health insurance. Read their latest piece here.
(Credit: Dinero Diaries)
Miami's first Afro-Cuban woman-owned cigar company 🇨🇺: Tres Lindas Cubanas Cigars is run by women who employ women that operate the company. They do it all from harvesting seeds, to rolling the final product. Christian Portilla wrote a lovely short feature on the business.
Find your Dolores Huerta and a finance podcast to listen to this week 📚: When Gloria Steinem was young, Huerta would use her as an “advance team” to arrange everything from press conferences to meetings with public figures. She saw potential in Steinem. 🎤 “If you’re anything like me and so many ambitious women, what you do in the face of that is you step into it. You become what people think you can be. Everyone needs at least one of those,” says Nathalie Molina Niño, who leads Brava Investments. It’s an anecdote from a new podcast I’ve been listening to, Latina To Latina —highly recommend.🎧 Follow the host, Alicia Menendez, here.
That's all for this week, mi gente! Hasta la proxima...keep making those moneda moves. 😉