By Josh Funk
Billionaire Warren Buffett says health care costs are a major drain on U.S. businesses and act like an “economic tape worm.”
The head of the holding company Berkshire Hathaway Inc. said Monday on CNBC that America’s health care system needs fundamental reform to attack costs because it’s not practical to continue devoting roughly 17 percent of the nation’s gross domestic product to health care.
Buffett says much of the rest of the world is paying about 9 percent of their GDP on health care and have more doctors and nurses per person
Continue reading Warren Buffett On CNBC: Health Care Is Like An ‘Economic Tape Worm’