Warren Buffett: Health Care Is A Tapeworm On The Economic System | CNBC
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- Опубликовано: 25 фев 2018
- Warren Buffett, Berkshire Hathaway chairman and CEO, discusses how the health-care industry is a drain on the American economy.
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Warren Buffett: Health Care Is A Tapeworm On The Economic System | CNBC
1 year later, doesn't seem like a lot of movement on the effort.
No need for urgency in their mind is what I imagine. These healthcare issues not going away anytime soon
Warren Buffet is waiting to do promised at his 100 birthday
2 years later. Still nothing...
@@tomcat8662 they actually officially cancelled this plan a few days ago lol. So I guess it failed.
It is impossible for a few private investors to overhaul the entire broken system, with all the built in hurdles and perverse incentives. It needs government action the likes of which we have not seen in recent times.
Can we all just agree that this was way better without Joe’s pointless randomness?
Omg joe is a total cringefest... all the other hosts and contributors are fantastic but joe drives me insane...
Joe who?
@@tomcat8662 yeah Joe who? 🤣🤣🤣
@@stephenbermingham6554 Joe Mahundren.
13:12 wow, did you see $TEVA stock beginning to plummet as soon as he said, "I have no idea why I bought it." :)
I always laugh when I hear pundits state that most people want to keep their wonderful private health insurance coverage. Do they mean the ones that cost the average family of four $25K to $30K per year and cut you off if you ever use it? Or deny coverage on many treatments? Or the ones that cost $15K per year with a $10K deductible. Private health insurance companies are multi-billion dollar BUSINESSES with profit as the bottom line who provide absolutely NO healthcare related treatments. They are not medical care givers. Why do we allow for parasite businesses to profit off our citizens miseries and misfortune?. Folks, private health insurance businesses are NOT necessary to healthcare at all. Private insurance companies are to healthcare as a tapeworm is to the digestive system. Anyone who defends the benefits and necessity of private health insurance to our healthcare, name ONE medical diagnosis, treatment or procedure they provide. The answer is NONE.
Have upfront pricing for health care! Push others to do the same.
+Chris Baker - how can a doctor give you an upfront price before you are treated or diagnosed? If the doctor is operating and sees an unexpected tumor that he would like to remove, should he wake you up from the anesthesia, run your credit card, and then put you under again?
Person "@@thanksforbeingausefulidiot9016 ", i think all of us would agree with you, of course not. What we're talking about is having up-front prices when you sign up for health insurance yearly and that you can look at any time. Each healthcare provider network can have the thousands of different possible charges listed on their website. For an example going along with what you're saying, the costs of removing tumor type A, removing tumor type B, or removing tumor type C and so on can all be listed on their website. The "medical coding" group already has all of the prices in their system. They just have to publish them. A free market is not actually free when information is hidden that affects consumer/patient choice. Imagine going to any sort of other marketplace like food markets or auto repair places and having them say sorry we can't tell you the price until after we charge you. Up-front prices on all the possibilities before you sign up yearly or go into surgery have to be provided.
I can't imagine living in a country where I could die just because I can't afford medical bills... I thought that's basic human rights. And the fact that so many people are opposed to free medicare absoultey appalls me.
You are under a great misconception. There is no country in the world where you couldn't die just because you can't afford medical bills. In the UK, they pay for some care, but won't pay for things that cost too much. So you could die. In Australia, they tell you straight up they won't pay for some things. For instance, they wouldn't pay for the Hepatitis C cure for 18 months after it was available in the US. So you could die.
Other countries pay less by denying care. That is the long and the short of it.
"What are you, a communist?" - average American
+Kanjani 8 - but according to Sean Hannity and Rush Limbaugh the best healthcare system in the world is right here in the good 'ol US of A.
No, that's not a basic human right. You have the right to buy insurance but you also have the right to pay for it. Quit asking others to pull you up. Get a better job that covers insurance. Give up things not as important as insurance.
@@christianlibertarian5488 Nope. In Europe healthcare is funded by taxpayers. As long as you have a job, you get cured. Even as a non-citizen. If you happen to need to go the hospital as a tourist, it's all free. You only mentioned english-speaking countries
What I can not understand is our healthcare system? When people bring up the cost its always the poor people that are causing the problem. How about the CEO of an insurance or drug company making well over 100 million a year. The CEO of a non-profit hospital making millions. My wife and I both are paying for our insurance out of pocket and over the last three years we have spent 43,000, that money could have gone into the economy but instead it went into some CEO's inflated salary. We are now on the exchange or if you want Obama care and we will save 6,500 a year, granted the coverage is terrible but at a point you just can not afford good insurance. Please people this is not a left or right thing, the insurance industry does not care about you and they are raping this county, that is the Tapeworm. I have many friends who live in Europe and they can not believe how expensive our healthcare is and why we put up with it. When I tell them the reasons they just can't believe it. Please America stop drinking the insurance cool aid, the insurance industry owns are government and they do not care about you. Do not believe there lies.
Then don't buy insurance. No one is ripping you off. You MADE the decision to get insurance, and you have ALL THE INFORMATION on how they operates. The only insurance I have ever gotten is car insurance for what is now a beater 2007 Tacoma. I don't need health insurance, because I INSURED MYSELF!
If the CEO of any insurance company becomes an angel you wish them to be, and they spread their salary to the insurer and the employee. Guess what? All of the people insured by geico will have their monthly premium decreased by $3, and employee would see an increase of $47 on their yearly income. It's America, CEOs can only become rich and stay rich if THE MAJORITY OF THE AMERICAN CONTINUES TO SUPPORT THEM BY DOING BUSINESS WITH THEM. That's a capitalist democracy my friend. People chose to live in this country, and they have the freedom to access all resources needed to live a good life. But they choose to spend over 1K on a phone, 37K electric car that doesn't save them any money, and go into massive debt to go to school and to live "fake" wealthy life.
@@tiendoan1333 to me it's just crazy how us insurance works. You can go to the doctor..they run a few test and they dont fix anything and you leave owing 50,000 dollars...come back a couple days later for the same issue and owe another 40 to 70k.
And you don't anything about the fees
@@marengoczar5035 bro that every insurance 😂😂 it was the same thing in Jamaica
Don't buy insurance!They have to treat you,and you don't have to pay!
Buffet know how to answer without answering
he has been doing that all his life. Do as I say not...
Buffett point of views are always illuminating. His perspective is on another level.
Great data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🏾🙏🏾🙏🏾🙏🏾💯👑
this is also about values in the sense that a doctor comes to help people and not to "make" millions.
Not any more. Far too many doctors are more concerned about making a lot of money than they are about helping sick people.
Step number one is vote every career politician out of office. EVERY SINGLE ONE.
And vote in people with no experience?
@@yugiohpokemon5285 Vote in people who can help make healthcare cheaper and manageable rather than pander to outrage and emotions.
@@slipdiscdiscslip5908 The only way to make healthcare significantly cheaper is to completely overwork the health insurance and drug industries.
For example, insurance companies are not needed. Getting rid of all that overhead would eliminate 100s of billions of waste. Getting rid of pharmacy benefit managers and controlling outrageous drug pricing would eliminate 100s of billions more.
@@slipdiscdiscslip5908 Making health care cheap is easy and still everyone can get profit but still people are greedy
So happy to be a Canadian!
So happy you're not American!
Still wont have the leverage of a nationalized healthcare insurance. Meaning it won't reach the efficiency of us here in Europe per capita spending.
I presume I am a fair way left of this guy in general outlook but his reference-grade outlook WRT investing I have always found instructive. The US medical system is too expensive.
Housing&healthcare are the two most expensive things because they are the two most regulated things.
Deregulate to lower the barrier of entry for low cost competitors. Simple economics.
Based
Are you going to use formfire for medical applications ?
As a Healthcare professional, we have a unique opportunity to change the script on Healthcare in America! If only these brilliant investors understood what's wide open now opportunity wise in America. They have an opportunity to change Healthcare dramatically for the better without reducing the financial incentives for the Healthcare practitioners and the investors! ❤❤❤❤
How to drive down the cost of medical care. Stop the pharmaceutical industry from being an oligopoly. Open up the American pharmaceutical industry to competition from abroad.
I figured it out. My Heath care starts with healthy eating and exercise.
I finally made it out of the ACA and my premium went from just under $20,000 per year and an $11,000 deductible to $402 per month with a $2,500 deductible. Same coverage on everything we want.
The moral and the ethic. That require the change. In businesses that manage by men and as well as securities manage by men.
And veteran health. That we do not need to go over sea for treatment. Or distance land for low health care cost. While we can help at home.
Perhaps the fact that the USA is one of only two countries that allow pharmaceutical companies to advertise has something to do with it.
Not only that, but the US government does not allow Medicare/Medicaid to negotiate drug prices. They have to pay whatever the drug company leaches demand - even though those prices are far higher than just about anywhere else in the world.
Do we have recession market.
Insurance companies should be somehow eliminated from the healthcare system, but the incentives to brilliant medical minds should be supported and increased.
@Scott Gibson, I so much agree. For-profit insurance companies and for-profit healthcare providers are 1 of the biggest problems. And for-profit healthcare providers calling themselves "non-profit" is sad and wrong. I wish we could instead have the mutual aid societies that existed in the first part of the twentieth century.
2nd (this one and the rest are in no particular order)
2nd, not having all the medical procedures prices up front before you sign up for a healthcare network. How can you have a free market if you don't have up-front information? Before you sign up yearly for a healthcare provider you should be able to see the thousands of different medical procedure charges. And not charging everybody the same is crap. The for-profit healthcare providers at least partially gouge if not sometimes completely gouge either the government payers like Medicaid or the insurance companies. Without the prices of all medical procedures up front it so misses the spirit of the word "marketplace".
3rd, not having consumers pay for things themselves up front (and then get reimbursed) is removing our consumer instincts. We don't raise a fuss most of the time because we know, well, my insurance will pay for it. Too few of us are pushing back on the overly expensive yet not outrageous prices.
NOTE: Check out this more fair video by CNBC (instead of Warren Buffet) on why medical bills are so high (the points above) @ ruclips.net/video/3NvnOUcG-ZI/видео.html
P.S. While i can't judge the man Warren Buffett over-all and though I do agree you can't spend more than what you earn, i do not believe that business people by themselves will solve this problem. This is primarily a humanitarian issue. We need charitable healthcare givers(nurses, doctors, etc.) and patients being the majority of the people on any problem-solving team. And of course we need a few business people in there to keep us absolutely cognizant of costs and include business minded philanthropists in that. Because we're going to have start funds and endowments to help each other. And how much you get will depend on well you've done with lifestyle choices(exercise, smoking, etc.) but also have plenty of room for mercy for those of us that want to repent/change into good health habits. Together the most knowledgeable and charitable people can help solve this even if the solution is slow and takes years. It took us decades to get into this mess and it will take at least a few years to get out of it.
P.S. So what's my part; what can I as a single citizen do? A. I can speak up every time i get a large medical bill even if my insurance pays most of it. B. I can email charitable medical leaders (that aren't making millions) or trustworthy-enough civic leaders that can make a difference. or C. (insert whatever good idea you have) or D....
health care is unaffordable because - there are at least 2 middlemen - the government and insurance, all of our health care facilities are now owned by for profit corporations (it was NEVER like that until a few years ago,) and you have a huge segment of the population who think they should be able to use the services without having to pay for them. if you could solve these 4 issues, health care would be more affordable for everyone.
There are stuff simple basic in health exam. We do need to pay the huge cost. Or basic treatment and routine treatment. We do not need the huge cost in spending.
US ought to create health care companies owned and controlled by the insured. It should be mandated by law that an employee may choose his/her health care provider. If commercial health care is better, people will choose commercial health care. If user-owned health care is better, people will choose user-owned.
Someone needs to do something,
I’m blessed by this man!
Good morning world 🌍😊
Do we have to deal with confusion.
to cut costs you have to remove government involvement.. Give the market guidelines and get out of the way.. Allow inter state competition for coverage and prices will drop..
@Rackets, If a true free market then I mostly agree. And only non-profit healthcare providers in spirit, and not just as a label while they're still paying their execs millions, can do this well. Only real non-profits.
Each player in the market should publish their prices for all the thousands of medical procedures up-front available to look at any time on their website. When you sign up yearly or before you go into surgery you can look at their current rates. Just like you can make a will that tells your executors what to do at the time of your death, you can make a surgery plan that says hey i will pay for this but i won't pay for that before you go into surgery. Hiding key information (prices) -- instead of having it be known and open so that both sides can make a knowledgeable choice -- is not a free market.
Kaiser Permanente already exists. Nothing wrong with a better Kaiser.
A prescription of strength training mixed with active lifestyle would cut out 70% of healthcare needs. Diet would do another 15%
Very true! But your fat, smoking, alcohol obsessed and fast food with cheetos is only concerned with the now.
Let’s see he says in the 60s it cost $170/person. Nixon introduced his health care act in 1973 and now it’s $10,000/person. 🤔
Costs will always outpace inflation when someone else is paying the bills i.e. insurance companies, governments and employers. If food or gasoline were paid for by government they would rise as well.
So why is European public healthcare cheaper?
@@960john having three government run healthcare systems is very different then the government paying hospitals and insurance companies on behalf of their citizens.
@@andrepoghosyan8269 How different? elaborate
@@960john when the government pays private healthcare groups on behalf of citizens, the groups realize they can raise prices because the government has deep pockets, kind of like how hospitals in the US raise prices because insurance companies have the money. But when governments control the healthcare system entirely, this doesn’t happen because there are no private groups involved.
@@andrepoghosyan8269 Ok. Except for pills. European governments still buy medicines from private companies.. but i guess they get a discount. Anyway, it's one of the few things i prefer the EU model. In general, i'm more in favor of free market
Return of the Berkshire. Well done.
Why is it always health care and never defense spending?
Just because a guy can balance a car tire and you can't don't mean he should charge you ten times what the average guy makes. Try telling that to the pharmacy some time.
Please read Ellen Langer's work ....
An executive of a biotech company told me that a lot of their "R&D" money gets spent these days on buying up potential competitors (start-ups), research and patents to prevent the undermining of their miracle drug profits. In some cases, they can acquire patents that would improve their drug and thereby extend the patent to prevent generics coming in. Like everything these days, genius patent attorneys get paid millions to help companies preserve this system of dominance; they go up against relatively poorly paid government paid attorneys who help write legislation (this happens in the tax arena as well) and run circles around them. We the People pay!
How about expanding an existing program, Medicare for All, done.
Stahsha Kay whose gonna pay for it? Certainly not elitist multi millionaire democrats who killed single payer under Obama because they all took big corporate money lmfao
@@Frost517 The Democrats could not get enough support to push single payer care through.
We already pay for health care for everyone - with our taxes. The indigent get their care for free, the rest of us pay far higher premiums than necessary due to all the highly profitable insurance companies and price gouging drug companies.
@@buggsy5 The poor don't get health care all the time, and what they get is inferior.
The problem is the employer based insurance system. If the government banned these and forced everyone to pay for medical care with cash, prices would drop dramatically. The insurance creates huge pools of cash which support high medical prices and practices.
Not quite. It is for profit insurance systems that promote high costs. Those insurance companies have zero interest in controlling costs - as it is the insured that pays through their premiums. They even have an incentive to see the costs increase, as then premiums rise and produce more profits for their investors - even if the percentage profit remains the same.
Thank u Mr W. Buffett & J.P. Morgan & Amazon
why did berkshire buy teva... i don't know 😂
Ain't it funny? The guy who owns an insurance company believes the private sector can do it better than the government.
Basic health care is free to the average American!
And investment manage by men. But end up market fail buy and sale that lead victims.
Let me
Especial the elderly did not have teeth. Those cost can be adjust at well. Or the surgery in simple way. But abundant involve.
Theranos Moment
Before i watch these interviews i check for “fire joe” comments to see if the video will get totally ruined at some point.
Do less and charge overwhelm and thank you and thank you among themselves.
Funny how in one sense he’s trying to change this problem of increasing health care costs and there seems to be no end in sight and there’s only 100 cents in a dollar etc. etc. but when asked if private sector can do a better job than government he says “usually that’s the case”. I call BS on that.
The giant corporate monopoly on health care products and prescription medications could use a big dose of that praziquantel first. Then a little Healthcare reform brought to you by President Mark Frisby. Frisby for 47.
The successful Countries pay Dr’s according to how well they heal you ! Very Successful and gives them the inclination to do their jobs to their full potential. For the Doctors, ‘Money is the incentive’.
why dont you have a for profit police force or army if you think the private sector does better than government . The truth is some things do better run for profit other things dont work better . Id prefer my NHS than the American system it costs less and covers more people .
What exactly is he saying?
... every time I hear him speak, that's my question.
He plans to earn money
I wonder if they even know about social security and what it was about look at all of our relatives and family members that paid into it and never collected it does that mean it just goes to them that's our emergency medical and where everybody can survive
Is that a single sentence?
Either they are going to screw us good or are honestly doing a good thing. The good thing they could do is become the major supplier in medical supplies. They could price out middle men and smaller less efficient people. They would be the Walmart of medical supplies. Yeah the local places would go out of business but overall. The average consumer would pay less overall. They would also make money fyi. That's their insentive too.
It’s simple. When one person can cost the system $2 million it’s hard to make that back if they only paid in $100/mo. Or if a person needs $700/mo in drugs and doesn’t pay in $700. It’s simple math. Also it shouldn’t cost $650 just to walk into an ER or $2000 to get 5 stitches. Why is it I can buy an Aircast on amazon for $48 and a hospital will charge $189 for the same thing? The population is also getting older meaning they’ll cost us more. Healthcare funds have historically been some of the best returns out there. This is why. Buy a bandaid for 2 cents sell it for $2. It’s magical. It’s sterile. It’s healthcare. Insurance is paying for it so who cares.
What I don’t get is why we don’t do simple things like restrict what you can buy with food stamps so that as these people age we aren’t spending money down the road as a result of their horrible eating habits. No more frozen pizzas, Mountain Dew, etc.
Google Name well said
Why? Because the system is designed to slowly destroy us.
It's intentional.
This is an insanely complex topic, but the blame for the prices, if I had to summarize it in one single word, is GOVERNMENT
Google Name it doesn’t matter if those people eat healthy or not you’re still going to get old and have the same health issues it just may occur at a slightly different age. Those costs will still have to be paid for.
i do not know if that is true, but if it is yes I agree. I am getting to a crossroads, gave up smoking and gained weight. Let go the fact I gained weight, for the better good. Now i need to lose weight and I am a few years older and finding it a much bigger challange.
It's why the Mafia is not cost conscious. "Geez, ya got chest pains...that's a shame....it'd be a shame if you kick over....how about $700K for that heart surgery....take your time, I got all day."
I wonder if going to Mexico is an option? Obama care was 5000 pages written by medical for medical using medical attorneys . It was to replace medicare. Medicare had a thing called DRG's designed to reduce prices. That was removed by Obama care. I spent two days in a small country hospital The bill just for the room was $6000. That is a lot of money for someone on Social Security.. That's 5 months of my income for 2 days in basically a motel room with three meals a day. Idea: What if hospitals sold their own insurance? Each hospital could have a "specialty" to increase efficiency. Prices should be disclosed before admission. DRG's had the right idea. A specific condition had a specific charge. Hospitals need to be in lower cost areas, single story, having multiple sections for different conditions. Nurses could specialize. Doc's could be on call for needed changes, but one md assigned to the whole set of units AND ON SITE!. I'm also of the opinion that MD's need to sit in on the nurses reports. That would reduce MD's not addressing problems and actually make their jobs easier. Some physicians never learn how to work with the nursing staff, and some see the nurses as a threat or at the minimum, an aggrivation. RN's see that a patient gets the care they need. LVN's are task oriented. Most hospitals run short staffed, which is dangerous. I'm a retired RN, and if people knew how dangerous hospitals were, they would not get sick.
So profit from sickness is a good thing. Anyone else thinks this is a load of bovine scatology?
In Norway we have universal healthcare. Not only do we use much less of GDP on healthcare, but a part
of the money is also spent on health (prevent people from being sick). Our government also make
laws to prevent people from being sick/hurt. We want our people to be as healthy as possible in order to
be able to produse as mush as possible. The capitalist US system makes sickness profittable - and thereby increase the number of sick people (like the opium-problem).
Warren, if you really want to change the healthcare system you have to do something different. What I recommend is that you invest and distribute regenerative and gene therapies that stops the greatest cost of healthcare which is people getting into chronic diseases. Treat the underlying causes of diseases and not just the symptoms. We are all thinking too small and totally focused on individual diseases. We need a preventative holistic approach.
Warren there was a young woman on Jim Cramers Mad Money a few years back that tried to get testing machines like a soda pop vending machines in Walgreens but Forbes and others shut her down very early will you look into aspects like this to revolutionize how health care is executed?
Everybody complains about the middlemen in healthcare but mention nothing about the growing role of government and medical associations in the explosion of healthcare costs. The medical field is a wasteland of bureaucratic red tape, oversight, committees, regulations, supply restrictions etc.
MrGiggity890 an obstacle course economy sees little growth
You do realize that countries which have universal healthcare (socialized or single payer) have better outcomes for less money per capita, and less money as a % of GDP? And yeah btw, everyone is covered + no one gets bankrupted by medical bills.
vuk911 wrong
MrGiggity890
Facts aren't wrong just because you dislike them.
Yeah, that's why people come to the US from all over the world for medical procedures. Also, you're assuming that America has a free market, which is does not. It's about as socialized as your wet-dream socialist/universal healthcare systems of which you speak. By the way, how are things looking in North Korea and Venezuela?
Stock exchanges are the tapeworm on the economy.
Isn't it interesting? After all that talk about choosing the right CEO, they chose the wrong CEO.
I guess even the smartest people in business don't get it right all of the time in human resources.
He certainly looks good for 88 but the voice gives him away. Its sad that his age may be catching up soon.
Upper teeth and low teeth charge 40 thousand dollars.
The GOP has zero interest in reforming healthcare. Step one is voting them out of office. Then move to Medicare for all. That would be the most cost effective thing to do.
1 year in and null.
The sick care costs are not the economic problem. The fact those people are sick is the economic problem. If people stop with consuming crap, like fizzy drinks, it is an economic problem for Buffett, but good for the economy, in the sense of health for the people.
Sauna, veganism, fitness, meditation, healthy soils, turn away from agricultural poisons ... we have an economy build on dangerous solutions, so they have to be centrally controlled (hint). A good economy avoids dangers, and goes for healthy life. Maybe bad for Buffett economy, good for healthy life economy.
The same is true for nucleair power, agriculturally applied poisons (... spraying every year thousands of tons of pesticides, and now wondering why the majority of insects are gone ... however, the numbers economy is growing, because of the selling of thousands of tons poison ...), petroleum, and so on.
Somehow this system prefers dangerous solutions, and companies that produce them avoid the responsibilities for the consequence with semantic and juridical games. Like Shell and Exxon do in Groningen, The Netherlands.
The number economy was never there, economy is about health of life as prosperity. Not about numbers, that mimic prosperity, right now. Numbers is only a tool, you need many more tools in economy, than only a hammer. We need a lot more tools that are applied by a network of people that have life in mind, not numbers in mind, like Buffett has, to avoid the total collapse of life itself.
I trust Jamie dimon but don't trust buffet or bezos. Buffet's interest lie only in economics and not rather than humanities. If you want to start a company for economic incentive that's one thing but don't put on a charade that thats not your only interest
Especial people reach old ages. Most with the same Illness.
Yep, lets give another industry away to these leaches. It's great to have three guys own the entire economy and the rest of the population earning the minimum wage. Break these mobsters up and nationalize health care!!!
Do you intend to become a doctor or a nurse in the healthcare system in the near future? No? Will you go into an allied field and work for scrap to keep the healthcare costs low so that the government could give more to everyone? No? Will you encourage your children to go into such fields and work for scraps? I guess that's a no too.
But you do expect others to keep you healthy while you give back nothing in return. That is the very definition of a leach and you should realise that you aren't owed healthcare just because you are here and breathing.
@Christopher Smith Actually, it is the health care insurance industry and drug companies that have driven medical costs out of sight. Their responsibility is not to provide affordable health care - it is to bleed as much as possible out of people to maximize profits for their investors.
trash ass comment
How can buffett be so wrong to exclude any mention of personal responsibility? every individuals habits diet exercise responsibility for their own health!
what about breaking a bone, or cancer? why should you pay so much for it?
A 100 year old person wants total care. And is ready to sue . Good luck with that.
Supply and Demand. We have an aging population that demands ever higher sophisticated health care. This drives demand through the current BUSINESS of health care. Until we reduce the BUSINESS/ PROFIT focus of health care, price will continue to increase with demand. Prices are high enough now that even an inefficient government funded basic health service can now compete and keep private health care prices in check.
Gyms and Spinach. Also, demand needs to be curbed. Focus on getting healthy instead of getting health care. Punish/Tax unhealthy life styles. Healthy life styles get cheap health care. Government should spent equal amount of money on gyms and spinach as it does on hospitals and drugs.
Follow - Up for Manifest.
நான் முறைப்படி பணி நியமன உத்தரவு பெறப்பட்ட பின்பு எனது மாதாந்திர ஊதியத்தில் இருந்து ஒவ்வொரு மாதமும்
200 டாலர்
அரசாங்கத்திடம்
அளிக்க உறுதி பூண்டுள்ளேன்.
இந்த தொகை
மருத்துவ சேவைக்கு
நான் தருவது.
நன்றி
Buffett is genetically blessed to be maybe one in a hundred people who will enjoy relatively good health while at the same time eating an atrocious crap diet ! He is doing wrong by proudly bragging about his crap diet of cherry cokes mcdonald's hamburgers and other crapshoot that he shoves down his young handsome face
Healthcare is over regulated. The market is smothered and completely dysfunctional.
His voice is so disturbing
the world is full of working models for a national heath care system pick the best of the best and move forward . for profit heath care is the worst care in the world that's why most other countries have a national heath care system .
@Christopher Smith Actually, there are a number of other countries that provide better care at far less cost than in the US. That includes all major treatments.
Easy for a guy worth BILLIONS to refer to the rest of us as 'a tapeworm' because at the end of the day 'Health Care' really means 'all the people requiring medical attention'. So what's your plan? - signed the Tapeworm.
He called the system not the people in it tapeworm. expense of the system costs everyone. If the system cost 100% everyone would starve even the rich.
Just lower the age for Medicare, problem solved
That costs money.
That would mean people would pay into Medicare for less years and cash in on Medicare for more years. Horrible idea.
Of course it costs money, but it would be way cheaper than what we pay now
Yeah, but that would mean that instead of minimum wage being $9 an hour, it would be $5 an hour (when all taxes are taken out). It's certainly doable, but most Americans probably won't want to see a shrinking of the economic market and a shrinking of their buying power. This has to be paid for. In all countries that have universal health care, they all pay a lot more taxes than Americans do. Proponents of universal health care are just being dishonest about the cost of this huge program, which is why I don't see it happening any time soon in America. Why can't Democrats just say, hey we're all going to see a 30% increase in all of our taxes... that would actually be more honest and perhaps make it possible. The issue is, do Americans want to part with all of their money collectively, or do they prefer insurance system they have now?
Karlton est or stop wasting it on the military
Democratic 2020 presidential runners are talking about
Health Care for all. I like the idea, I think it is right. I like Sanders idea
that all medical care should be covered except cosmetic, however I would make
very clear rules about what is cosmetic, and have a way for a person to
challenge the rule based on circumstance. I think medical services should be a
basic human right, and indeed many medical professionals offer service for free
or deeply discounted when they feel the need to.
The nation would benefit greatly from a free and simple
medical system that is inclusive of alternative medicine, sports medicine,
veterinary medicine et all, because all these things are done by the population
and are deeply important to most people.
I do not care about the national debt. I do not care because
I know how the monetary system works and I know that human life, and the life
of all animals and plants for that matter, is more important than any social
construct. Money is useless if we are all dead, and in real terms we are at a
natural ecological and environmental and perhaps social edge right now. We need
to make the right moves to hold everything together or it all will continue to
unravel at an exponential speed. We need to respect life at all cost, and
remake our social experience.
Some people may feel that private markets can fix all social
issues, but this is not true. Still, people may want to have private insurance
and balk at government supported health care because they don't trust the
government or don't want to be "just a number or face in the crowd"
and while that is understandable we still need to offer and make available
comprehensive government supported health care. Doctors and medical offices
need to be payed quickly, if the system is based on money, and most all medical
offices would have to participate and take the federal insurance. Medical
offices could offer service for free or not accept dollars but if they do
accept dollars, and until the federal government accepts or uses something
other than dollars, the medical offices mostly would have to take the federal
insurance.
People should be able to go to any medical office and get
help, simple.
Personally, I have family who work in the medical industry
in different ways and one complaint I heard was that the ACA complicated small
practice and so it is a financial burden. Many social things most often go back
to money in some way, it is a horrible thing, money. So, we should have a
simple way for medical businesses to submit claims and get payed. If this is
done right than everyone will be very happy with it. The individual cost of
medical service will go down, while the level of care will go up, and most
importantly the general health of the nation will go way up!
Also, there will be an increasing number of elderly persons
in the US and they will not have money to pay for health care. We need more
health care workers, and I'm even thinking about entering the health workforce
to address this issue. It is important and it is needed right now.
Going back to cost for a moment. People do argue what the
cost of a national system would be, but the cost is spent directly into
society. Government is not a for-profit business. The money given should
directly benefit the population. The national debt, again not my concern, but
when people think about it they seem to think in personal terms, and that is
the wrong way to think of this. If
someone personally thinks that $23 trillion is a lot of money than they
don't understand the system, the dollar amount is arbitrary, inflation could
make $1 trillion the equivalent of $1 dollar, money is fundamentally not the
issue. The issue is power and control that money provides, and this is the real
issue. The idea that the monetary system represents a count of work done is no
longer valid, that reality, if it ever existed, is long gone. Our collective
and personal health should not be dictated by social games, we should respect
ourselves and each other, and all life on earth, more than social games.
PS. New York just made medical care a right for all, pay if
you can but if not you will get free care!
Thank you.
Get Obama as Ceo of this new healthcare venture!
the website wont work
GrimX 😂😂😂😂😂was that a joke? Lmao
#Medicare4All #Bernie2020 #AOC2024
Hey, You, wonderful awaken people, You MUST WATCH THIS YOUNG MAN WHO BROKE DOWN THIS MESS WE ARE SEEING IN OUR COUNTRY. HIS RUclips SITE is at (Dauntless Dialogue). Out of the mouth of our Children can come TRUTH. Please listen to one of our AWAKEN BABIES TELL US THE TRUTH.
He seems like he is losing a bit of his mental sharpness.
This is a typical Buffett interview. He's lost nothing.
Warren Buffet is not a genius. He has an extremely good temperament and is emotionally detached from his decisions, but I'm confident I would do better on an IQ test.
The fact you are "confident" you'd do better in such an unknowable outcome (and unlikely given his accomplishments) almost assuredly means you wouldn't.
It's not an "unknowable outcome" because I know my own intelligence. Let me give an analogy. Say you take Magnus Carlsen, the best chess player in the world, and you match him up against a random chess player. Sure, you don't KNOW the skill of the other player, but you can be CONFIDENT that Magnus will win. Likewise, I know I am more intelligent than a large majority of people, so if you match me up against someone whom I don't know the intelligence of, I can be CONFIDENT I will win.
For it to be knowable, you'd have to know Buffett's too, PARTICULARLY because Buffett is the Magnus Carlsen of investing. I mean, you're actually contending the best investor of all time who recalls numbers like a book, even at 87, is somehow in a lower intelligence bracket than Adam Gerson, an unknown internet troll?
I've already concluded you're a moron.
Jesus is the answer. I have DIVINE HEALTH because ofHIS sacrifice on the cross! TOO good to believe?? Well, THATS your PROBLEM!
What about the millions of people who died from parasites. His so called sacrifice did very little for them.
@@Aaron-ir4he Don't waste your time. She sees only what she wants to see.
this old timer needs to be wiped off big media, he speaks only to his advantage, this man has money bags in hundreds of corporations
Bro sef ok that doesnt mean anything
how can you not appreciate this guy man smh
Go vertcoin 👌
Wow dude you own vertcoin? You have NO RIGHT to an opinion. You have money bags in several cryptos, you need to be wiped off RUclips!
That’s how stupid you sound...
Really smart of you to finally realize it
This guy should be jailed for staeling people's money.