THE AMERICAN JOURNAL

Buffett says health care costs hurt US economy

OMAHA, Neb. (AP) — 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

Read more: AP

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March 1, 2010 - Posted by | 398 | ,

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