September 17. 2013
(from The Weekly Standard) 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 something else.’
“Buffett insists that without changes to Obamacare average citizens will suffer.
“‘What we have now is untenable over time,’ said Buffett, an early supporter of President Obama. ‘That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body.’
“Buffett does not believe that providing insurance for everyone is the first step to take in correcting our nation’s healthcare system.
“‘Attack the costs first, and then worry about expanding coverage,’ he said. ‘I would much rather see another plan that really attacks costs. And I think that’s what the American public wants to see. I mean, the American public is not behind this bill.'”
(Update: More Infor: According to this just-released CNN/ORC International survey, support for the Affordable Care Act, better known as Obamacare, slipped from 51% in January to a current low of 39%)
Go to “HOME” (top of page) for the most current posts. GO TO +Follow at the top of this page to follow this blog. (Please respond to POLL Click Here) This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income. I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.