"The world's second-richest person called on Washington policymakers to adopt fundamental reforms on such costs to address what he called a "national emergency." He said health care 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. "It's like a tapeworm eating at our economic body," Buffett said on CNBC television. "If it was a choice today between Plan A, which is what we've got, or Plan B, which is the Senate bill, I would vote for the Senate bill," he said. "But I would much rather see a Plan C that really attacks costs, and I think that's what the American public wants to see." Rising costs, Buffett said, are holding back an economy that faced an "economic Pearl Harbor" in late 2008 when capital markets seized up."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Businesspeople from the United StatesPhilanthropists from the United StatesAgnostics from the United StatesPeople from OmahaCompany founders
Original Language: English
Available Languages (1)
Sources
Jonathan Stempel, in "Buffett: Health care "tapeworm" drags on economy" at Reuters (1 March 2010)
https://en.wikiquote.org/wiki/Warren_Buffett
Revision History
No revisions have been submitted for this quote.
Categories
Warren Buffett
US-amerikanischer Unternehmer
135 quotes on TrueQuotesView all quotes by Warren Buffett →
Related Quotes
"Buffett, one of the richest men in the world and a vocal supporter of higher taxes on the rich, also is making use of…"
"Buffett had invited me to Omaha to discuss tax policy. More specifically, he wanted to know why Washington continued …"
"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."
"Boy, if he doesn't give capitalism a good name, who does?"
"Buffett does not believe that it is wise to bequeath great wealth and plans to give most of his money to his charitab…"
"Buffett believes the most important quality for an investor is temperament, not intellect. A successful investor does…"
"There's no question that trade can be an act of war, and I think it's led to bad things like the attitudes it's broug…"
"Chains of habit are too light to be felt until they are too heavy to be broken."
"Buy stock in a business that's so good that an idiot can run it, because sooner or later one will."
"I asked Buffett how many of his fellow billionaires shared his views. He laughed. “I’ll tell you, not very many,” he …"