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Warren Buffett: Scrap Obamacare and Start Over
Weekly Standard, by Jeffrey H. Anderson

Original Article

Posted By:tisHimself, 9/17/2013 11:14:54 AM

You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that "we need something else." Money Morning writes: "Healthcare costs in the United States are like a tapeworm eating at our economic body. "Those words come from famed investor Warren Buffett, who said he would scrap Obamacare and start all over. "´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

Comments:
And yet, the Cruz and Palin hatin Rove luvin go along to get alongs continue to call for holding hands and singing kumbya.

      


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Reply 1 - Posted by: Safari Man, 9/17/2013 11:21:27 AM     (No. 9524513)

Every billionaire who supported Obama should have 100% of their wealth confiscated to help pay for his damage and they should be required to live in the barrio from here on out.


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Reply 2 - Posted by: Northcross, 9/17/2013 11:23:54 AM     (No. 9524519)

Let us see if this anti-endorsement gets any coverage in the major media, not that anyone should give a rat´s behind what Mr. Buffet thinks.

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Reply 3 - Posted by: dragonlearner, 9/17/2013 11:28:22 AM     (No. 9524527)

This shows Buffet´s naivete. Obamacare is not about reducing costs. It´s about growing government and obtaining greater control over people´s lives.

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Reply 4 - Posted by: faldo, 9/17/2013 11:37:40 AM     (No. 9524539)

Now that Warren "has his" he´s ready to scrap everything and start over...what a mench of a man!

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Reply 5 - Posted by: hot coffee, 9/17/2013 11:37:53 AM     (No. 9524540)

Buffett is the king of Obama crony capitalism.

BTW, the GOP isn´t the problem in this mess. Obama, the MSM and the rest of the Democrats (including people like Buffett) are the problem.

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Reply 6 - Posted by: WAN2, 9/17/2013 11:46:55 AM     (No. 9524556)

Silly Warren. You control costs via government edict! The voting public--now utterly opposed to free market capitalism--would eat up a health care price freeze. No one should make a profit from providing health care!!! Done.


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Reply 7 - Posted by: jimmyfoxhound, 9/17/2013 11:57:57 AM     (No. 9524576)

No, scrap obamacare and leave me along. The government doesn´t need to start over on anything related to healthcare!!!!

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Reply 8 - Posted by: antiquegolf, 9/17/2013 12:04:55 PM     (No. 9524584)

Translation, the self serving, phony buffett must be getting hit by obamacare where it hurts the most --- in the pocketbook.

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Reply 9 - Posted by: stablemoney, 9/17/2013 12:21:52 PM     (No. 9524608)

Obama is a socialist and intends to nationalize the economy. Obama doesn´t care a whit about costs.

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Reply 10 - Posted by: zephyrgirl, 9/17/2013 12:32:40 PM     (No. 9524629)

You know the situation is bad when crony capitalist Buffet wants Obamacare repealed.

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Reply 11 - Posted by: bob913, 9/17/2013 12:34:11 PM     (No. 9524631)

Warren Buffett probably did not get a slice of obamacare like he did hauling oil by train instead of a far more efficient pipeline.

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Reply 12 - Posted by: Bevan, 9/17/2013 12:49:31 PM     (No. 9524657)

Obamacare is about bankrupting the insurance industry to force single payer gubbermint-run deathcare.

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Reply 13 - Posted by: bighambone, 9/17/2013 1:05:56 PM     (No. 9524690)

Since Warren Buffett is big in the insurance industry and Barack Obama is out to bankrupt the insurance industry, you can see why Buffett might have a problem with that.

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Reply 14 - Posted by: maggie2u, 9/17/2013 1:36:34 PM     (No. 9524734)

Or poster #8, he hasn´t found a way to score millions from it yet.

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Reply 15 - Posted by: mickturn, 9/17/2013 1:52:55 PM     (No. 9524763)

Dude, did you clear this statement with the WHouse? I seriously doubt it.

If you mean it say it louder and on all the Media outlets (live) so they can´t censor you...if you have the cahones, which I doubt.

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Reply 16 - Posted by: whyyeseyec, 9/17/2013 4:22:58 PM     (No. 9525007)

I`m sure Warren has a plan that would benefit - well - Buffett.

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Reply 17 - Posted by: saguni, 9/17/2013 7:40:29 PM     (No. 9525274)

Personally, I would like to see Congress pass a law that the government can not pay directly for any health care. They can have the VA for veterans and on-base care for service members and their dependents, but the doctors are direct employees of the government, not "providers" presenting a bill for services.

Today, many--probably a vast majority--of Medicare beneficiaries already deal with an insurance company...either a Medigap Supplemental policy or Medicare Advantage...that sends each bill through their fraud department to check for duplicate or excessive billing. If every Medicare beneficiary had a few insurance policies to choose from, the insurance companies would crack down on fraud, and they are much more efficient at fraud detection than government pencil pushers who don´t care how much tax money is wasted. The insurance companies are already experienced at determining which "treatments" are "experimental" or not effective, and have a department in place for denying coverage for questionable practices, with a review method in place. No need for new "death panels!"

State governments could look to Medicare Advantage to convert their Medicaid departments for streamlining and fraud prevention. Instead of walking into an Emergency Room and being immediately awarded a medicaid "policy," there could be 3 or 4 insurance companies offering minimal coverage on the spot.

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