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__assuming__such term does describe the effects of the negative and the positive charge. It enters into the equation like mass, yet quantum theory( a good one) should calculate such energies, wouldn't you think. The theory should at least give us a function with some constant that we can supply experimentally. That does not sound good for a "fundamental " theory which we have to be keep feeding it ansatz. I can understand external potentials applied but not potentials generated by the system itself.