Today, there are a lot of angry healthcare, health insurance and drug company executives.
They’re angry because America’s investment guru, Warren Buffet, the Oracle of Omaha himself, appeared on CNBC yesterday and eviscerated the current American healthcare system.
Without using any of the political rhetoric being thrown around Washington, Buffett noted that:
Out of control health care costs are like a tapeworm eating at our economic body
The current U.S. health care system eats up 17 percent of U.S. gross domestic product, at a time when many other countries pay only nine or 10 percent of GDP but have more doctors, nurses and hospital beds per capita.
While Mr. Buffett said he would support overhaul legislation proposed by the U.S. Senate, he would prefer existing proposals be scrapped in favour of a new one that attacks costs.
“If it was a choice today between Plan A, which is what we’ve got, or Plan B, which is […]
Original post by healthhabits
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