Warren Buffett to Obama: Rewrite Health Care Bill

Current Senate bill better than nothing, but oracle prefers 'Plan C'
By Kevin Spak,  Newser Staff
Posted Mar 1, 2010 1:21 PM CST

Warren Buffett came out against the health care bill today, essentially echoing the Republican position that the administration should scrap the current bill and start over. Buffett, a longtime Obama supporter, told CNBC the current health care system is “like a tapeworm eating at our economic body,” with costs that are “really out of control." He added, "Unfortunately, we came up with a bill that really doesn't attack the cost situation that much.”

“If I were President Obama, I would say that one way or another, we're going to attack costs, costs, costs,” he continued. “We're just going to focus on costs and we're not going to dream up 2,000 pages of other things.” Pressed, Buffett said that if push came to shove, he’d take the Senate bill over the status quo. “But I would much rather see a Plan C.” (Read more Warren Buffett stories.)

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