The head of the holding company Berkshire Hathaway Inc. said on
Monday that America's health care system needs major reform to address out of
control costs because it's impractical to continue apportioning 17 percent of
the nation's gross domestic product to health care.
Billionaire Warren Buffett said on CNBC that health care costs are
a huge drain on U.S. businesses and act like an economic tape worm.
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.
He says he hopes Congress passes a health care reform proposal
that will restrict costs more than any of the current plans would.
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