Obama Supporter Warren Buffett Would Scrap Health Care Bill
Posted by Jim Hoft on Monday, March 1, 2010, 12:05 PM
Scrap it.
Obama supporter Warren Buffet told CNBC today that the current democratic health care bill does not focus on controlling costs and he would scrap it.
The Politico reported:
Billionaire investor Warren Buffett advised President Barack Obama on Monday to scrap the health care bill and start over.
In an interview with CNBC, Buffett said the current bill does not focus on controlling costs, which he sees as the central problem that must be addressed to reform the system. He added that while he does not like the Senate bill, he’d vote for it in preference to doing nothing.
“What we have now is untenable over time,” said Buffett, an early supporter of Obama’s candidacy. “That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body.”
“We have a health system that, in terms of costs, is really out of control,” he added. “And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else.”
But while Buffett, the chairman and CEO of Berkshire Hathaway, applauded Obama for taking up the reform effort, he said that “unfortunately, we came up with a bill that really doesn’t attack the cost situation that much.”
Asked if he would be in favor of scrapping the Senate health care bill, Buffett responded: “I would be.”
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Published February 22, 2012 at 4:19 pm - 32 Comments
Opus #6 commented:
The current health care bill is “dog food”.
That is why Pelosi, Reid and the other legislators continue to exempt themselves from it.
Americans just don’t want to eat it.
Mary Jay commented:
First WB says ‘he does not like the Senate bill but he’d vote for it in preference to doing nothing’ and then ‘asked if he would be in favor of scrapping the Senate health care bill, Buffett responded: “I would be.” ‘. So which is it Mr. Buffett?
kay commented:
buffett is an idiot.
first he says scrap it.
then he says vote for the senate version instead of doing nothing.
can i sue him for whiplash in one paragraph?
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Joanne commented:
America is a sick nation, and the costs of socialist health care would be far higher than I believe anyone could ever fathom. I’m thinking if Americans could buy coverage in any State of America, competition amongst insurance providers itself would lower the costs of insurance greatly. Why not start small and see how it goes?
sandy commented:
Thank you Buffet. Its clear your mother didn’t raise any stupid children. As far as Healthcare being dog food. I resent the comparison. At least dogs like dog food — no one wants this garbage.
sandy commented:
This is not just a Healthcare Bill its a guarantee of third world nation status. Republicans, however must be prepared to roll this back.
sandy commented:
Joanne — I read the other day about the state of Healthcare in Britain where there is no incentive to do anything for patients. In British hospitals these poor people end up sitting in their own waste because no one cares to clean it. They sob for food while nurses ignore them. Their families have to bring food from home so their loved ones don’t starve.
If you live in a more expensive area you will get better treatment — otherwise you are cast aside like just so much garbage.
Rationed care must not take place in this country — and left in the hands of the monsters who have written this bill — can we trust this not to happen to our loved ones?
Militant Conservative commented:
Joanne
March 1st, 2010 | 2:18 pm | #5
The American ideals on this are simple.
The states were supposed to try different things within thier boarders. If it work then other states or the Fed could duplicate the successful model. What is happening now is totally backwards. Fed telling states what MUST be done. Not in the constitution.
bill-tb commented:
Didn’t this whole thing start with the premise that it would improve health-care and reduce costs, neither of which has been done, or will be even remotely done with the trillions it will cost. And how exactly do death panels improve health care?
Typical of liberals, start strong then bring out the real dog food.
Maybe the liberals would like to try and governing closer to the consent of the governed than trying to put in place another Hugo Chavez Venezuela.
Finncrisp commented:
Passing a bill on the premise is it is better than nothing has got to stop. We need legislators who are capable of cognitive thought; This is crap and change..
Seansie commented:
Buffett sold his soul over a year ago. Once a palace guard, there’s no going back. It’s over you old bastard, you’ve been teabagged.
myna commented:
Did Warren Buffet paid back the TARP money he received?
Espresso Logic - The 6th Sense commented:
There is no fool like an old fool.
Thank you Warren for that “WTF” moment.
Militant Conservative commented:
I was for it before I was against it. WB.
Get a life We are smarter than you think. Your crones on the left however are sycophants.
You got yours now go away.
P.S. how did you make all that money?
in an evil capitolistic society. hypocrite.
bg commented:
++
Militant Conservative @ 2:59 pm #10
re: [The states were supposed to try
different things within thier boarders.]
MA..
Back to the ObamaCare Future
[Mr. Patrick ad-libbed that he had "a whole bunch of pals here who are in the health-care field, and I saw the color drain out of their faces." Little wonder. The administered prices of Medicare and Medicaid already shift costs to private patients while below-cost reimbursement creates balance-sheet havoc among providers. Now the governor wants to import these distortions to save the state's heavily subsidized insurance program as costs explode.
[..]
This is the true target of Mr. Patrick’s price controls: The goal is to engineer a cheaper system through brute force so government can pay
for health care for all. What inevitably suffers is the quality of care for individual patients. Thirty states imposed hospital rate setting in the 1970s and 1980s. Except for Maryland, every one of them eventually eliminated it—including Massachusetts, in 1991—partly because it didn’t control costs.
And partly because it killed people. A 1988 study in the Journal of
New England Medicine found that the states with the most stringent rate-setting had mortality rates 6% to 10% higher than those that didn’t.
All of this is merely a preview of what the entire country will face if Democrats succeed with their plan to pound ObamaCare into law in anything like its current form. Massachusetts is teaching the country a valuable lesson in how not to reform health care, if only anyone would
pay attention.]
RTWT..
go here, click on Review & Outlook: Back to the ObamaCare
Future with Massachusetts … to view entire article..
bottom line..
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