Letters to the Business section
By Mitchell Schnurman
Readers sound off about business issues.
Re: “Doctors, you may feel a pinch” by Scott Burns, June 16 Business section
Scott Burns is rightfully concerned about the future of Medicare because every year there is a threat that physician reimbursement could be cut anywhere from 20 percent to 25 percent. So far, on the brink each year, Congress has saved Medicare patients and physicians.
Every other developed nation has affordable universal health care at a fraction of America’s cost with longer life expectancy and lower maternal mortality. They also manage without the end-of-the-year political and emotional drama we go through. Congress needs to establish a stable, long-term financial plan for Medicare so that the entire nation knows that Medicare is safe and secure. Medicare needs reform, and careful thought needs to be given to price controls on medications, the only area of medical care that is not under price control.
Salute to Rusty
Re: Obituary for Rusty Fenton, president of the Rusty Taco chain, by Karen Robinson-Jacobs, June 25 Metro section
I met Rusty Fenton by chance as we sat waiting for medicine at Baylor, where Rusty and my husband were being treated. We struck up a conversation, and he would never have told me what he had accomplished had I not asked about his Rusty Taco shirt. He was a precious, hopeful, brave gentleman.
Re: “Be wary of scams, dry holes” by Pamela Yip, June 24 Business section
You are spot on concerning risky investments! About eight years ago, every two weeks I would get a phone call from a company wanting me to participate in a limited partnership in oil drilling. No matter what I said, they kept calling back. I told him three times that this was above my risk tolerance level.
Finally, to get this guy off my back, I said send me the paperwork and I would review it. The very next day it arrived from Denver! Wow. I would give up all rights that I had and stack all the cards in the deck in their favor. He called a few days later, and again I told him it was way above my risk tolerance, yet he kept on.
Finally I said, “If I fill out these forms, you’ll know everything about me, so to level the playing field, please send me a list of all your officers and directors, their home addresses, their wives’ names and addresses, their firstborn’s names and their addresses.” He asked, “What are you saying?” I told him that I took losing money very seriously! The conversation ended, and from that point on I have not received another phone call from anyone in the industry.