Letter: Health insurance should be funded by premiums
To the Editor:
The political cartoon on the Opinion page of your Aug. 13 edition made the point that Congress is exempted from the Affordable Care Act, now known as “Obamacare.” The political cartoon on the Opinion page of your Oct. 8 edition pointed out that the beneficiaries of lucrative “Congresscare” want to defund “Obamacare,” but properly implemented, why would the Affordable Care Act need federal taxpayer funding?
A public health insurance option beneficial to America’s working poor would be funded by the policy holders’ premiums, in the same manner as Social Security and Workmen’s Compensation, which are neither entitlements nor welfare; the payments are collected via payroll deduction. However, the premiums would be based on policy holders’ incomes, rather than corporate profitability. Because all of the policy holders would not need medical care at the same time, the collective premiums would be enough to cover the treatment of those who do, as long as corporate CEOs are not paid tremendous salaries plus bonuses, and stockholders are not paid dividends. If yearly evaluations reveal a surplus, premiums could be lowered; if a deficit occurs, premiums could be raised accordingly. People who can afford for-profit health insurance would be unaffected.
So how and why did such a simple way to offer health care coverage for America’s working poor become the federally funded conglomeration now known as “Obamacare?” When and if our economy recovers, and workers again or for the first time make adequate wages to support a reasonable quality of life, who among them would willingly give up an affordable non-profit public option, and voluntarily purchase high-dollar for-profit policies? Does our nation’s insurance industry want competition from a non-profit public option the working poor can easily afford? And who provides tremendous campaign contributions to the politicians who polluted a possible self-supporting public option into a federally funded “Obamacare,” if not the for-profit insurance industry?
Think about it, please.
Robert C. Currie Jr.
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