Healthcare is the tapeworm of the American economy. When u get up to 17-18 percent and other countries have 10%, You've got 7 or 8 cents out of the dollar that we are at a disadvantage – I mean we think we are at a disadvantage and we are because we talked about the $500 billion spent on foreign oil but $500 billion is 3% of GDP. We're talking about a huge cost disadvantage versus rest of world, and we need to address it.
Saturday, October 19, 2013
Buffett on GOP: This particular hole belongs to them; likens healthcare to tapeworm of American economy
Posted by Enzo Labels: Warren Buffett