Warren Buffett, Chairman and CEO of Berkshire Hathaway, said today that he would scrap the Senate health care bill because it doesn’t effectively attack costs.
From Politico [emphasis mine]: Asked if he would be in favor of scrapping the Senate health care bill, Buffett responded: “I would be.”
If the president were to start over, Buffett would advise him to “just show this chart of what's been happening and say this is the tapeworm that's eating at American competitiveness. And I would say that one way or another, we're going to attack costs, costs, costs, just like they talk about jobs, jobs, jobs.”
Buffett urged Obama to say that “we're going to cut off all the kinds of things like the 800,000 special people in Florida or the Cornhusker kickback, as they called it, or the Louisiana Purchase, and we're going to — we're going to get rid of the nonsense. We're just going to focus on costs and we're not going to dream up 2,000 pages of other things. And I would say, as president, `I'm going to come back to you with something that's going to do something about this, because we have to do it.’”
Doesn’t this sound like the perfect thing to say for the introduction of ObamaCare 3.0? Is Buffett the trial balloon for scrapping ObamaCare versions 1 & 2? Could be, this administration loves trial balloons.
Buffett also said that if the choice were between what we have now and passing what he considers flawed Senate Bill, he would pass the flawed bill. In other words, ineffective legislation is better than no legislation. With an attitude like that, I do have to wonder how this man became so rich.