Re “What Obamacare funding cuts could mean in Merced” (Front page, Oct. 17): According to this article, “It will cost about $7 billion this year and help more than 6 million people.” If my understanding of this statement and my arithmetic is correct, it costs approximately $11.6 million per beneficiary for this program.
If such is the case, Obamacare is an Insurance Industry fraud program enabled by the politicians which includes the elected Insurance Commissioners of every state. If we the people truly want to help the middle and lower classes with healthcare, we should scrap Obamacare and make health care costs (deductibles and co-pays) reimbursable to qualified income brackets. Keep the insurance industry out of the government coffers.
At the same time, for all insurance coverage, limit the medical industry to charges which Medicare currently authorizes for specific services and limit the services authorized to those which Medicare currently covers. Obamacare has a worthy intent, however its enactment is full of pork for the insurance and medical industries. It’s like a charity which consumes 90 percent of its assets in administrative costs applying only 10 percent to its stated purpose – a for-profit institution masquerading as a charity.
Melvin Ladousier, Merced