Warren Buffett Weighs In On Health Insurance

“Buffett calls Obamacare replacement ‘a huge tax cut for guys like me'” – http://www.reuters.com/article/us-berkshire-buffett-healthcare-idUSKBN1820RI

Yep, tax cuts are for the super-rich.  Buffett knows the ropes and isn’t afraid to call the fattest of the fat cats out on their plans to eat the poorest of the poor.

If I could get a word with Mr. Buffett I’d ask him, “How come, when it’s clear as day that the source of the problem is corporate health insurance, do we hear exactly nobody talk about regulating that industry?”

Oh!  Regulation.  Bad for business, saith Mr. Cruz.  Nope, can’t throw a noose around an industry that, in its 40 year trajectory, has become a millstone around the neck of employers and working people alike.

It’s instructive to see what Mr. Buffett says, because he is a man who literally has nothing to fear from speaking out.  He’s outlandishly wealthy, at 74+ billion, and yet, unlike some who claim to admire him, he’s not shy about telling the truth, when it comes to the real purpose of tax cuts to programs that help the not-so-rich.  Do read the article.

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4 Comments

  1. You are absolutely right. I’m hoping the Senate will stop it.

    Reply
    • I hope so too. I’m concerned that the exchanges have already been so damaged in some states that they might no longer be viable. The current mess in Washington has sown seeds of panic among the flimsy flock of fly-by-night insurers who dove into the exchange market hoping for easy pickings. It reminds me of the medical malpractice market of 20 years ago. All it took was a change in administration and a few executive orders, and the insurers bailed out, leaving thousands of docs high and dry. This will be much worse.

      Reply
  2. My co pays for meds are already outrageous. I can’t imagine how the new laws are going to help. It’s going to be like when I was in my early 20’s and had to go off of everything because I couldn’t afford it. Bad times 😦

    Reply

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