They broke some interesting news about Obamacare yesterday.
Buffett: Scrap Obamacare and Start All Over
Money Morning | September 17 2013
Healthcare costs in the United States are like a tapeworm eating at our economic body.
Those words come from famed investor Warren Buffett, who said he would scrap Obamacare and start all over.
“We have a health system that, in terms of costs, is really out of control,” he added. “And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else.”
That’s funny, you think, I have a distant memory of Buffett supporting Obamacare. Anyway, Warren is making a valid point about spiraling healthcare costs. And only the government is capable of dealing with problems like that. The ACA is already making headway there, so at least we’ve got that.
But, you may like to know, that interview with Buffett wasn’t conducted by some two-bit e-mail newsletter called Money Morning. It was actually conducted on-air with CNBC. And it didn’t happen yesterday, it happened on March 1, 2010, while the ACA was being debated in Congress. Which puts Buffett’s remarks in a completely different, sensible, light. Gosh, details. Not that those matter to the Weekly Standard:
Warren Buffett: Scrap Obamacare and Start Over
10:11 AM, Sep 17, 2013 • By JEFFREY H. ANDERSON
You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that “we need something else.” Money Morning writes:
“Healthcare costs in the United States are like a tapeworm eating at our economic body.”
Well if the sucker-video newsletter-links-and-get-rich-from-Obamacare website reported it, it must be true.
Republicans should take Buffett’s words as an invitation to propose a long-overdue Obamacare alternative, one that would lower costs, fix the unfairness in the tax code, deal with the specific problem of preexisting conditions, breathe life into a moribund individual insurance market, and constitute real reform. It’s time to delay Obamacare and propose an alternative, then repeal Obamacare (in 2017) and pass the alternative.
Such a likely thing. Because Republicans are very interested in reducing costs, exempting pre-existing conditions and providing healthcare for all – or as the rest of us know it: ‘No, I don’t think so.’ And: ‘Fuck you.’ That’s them alright. The Hill catches on:
Warren Buffett is now arguing for scrapping the entire law because of the harm it is doing.
[...other factlets, some of which were true...]
The politics have shifted. Reid and crew can’t just dismiss House Republican efforts to defund the law out of hand, because their political constituencies are demanding they deal with the coming ObamaCare onslaught.
The Democrats could ignore the 39 other repeals of Obamacare. But they can’t ignore this one because now their constituencies — Warren Buffett cerca 2010 — are clamoring for change. Or not.
In spite of themselves, House Republican leaders are on the precipice of a major victory…
Over journalism, apparently. Newsbusters:
Warren Buffett Wants Obamacare Scrapped Will Media Report It
By Noel Sheppard | September 17, 2013 | 11:56
When Warren Buffett proposed higher taxes on millionaires in 2011, the media gushed and fawned giving him and his views airtime as if Elvis Presley returned from the dead.
Will they be as fascinating by the Oracle of Omaha stating that ObamaCare should be scrapped?
Money Morning recently interviewed Buffett on the subject of healthcare:
Yes, the great Money Morning took a break from posting videos where lisping announcers talk over animated mice that get their necks snapped by Obamacare so that they could interview Warren Buffett. Or Hahaha and I miss my grammie, Noel Sheppard.
It seems a metaphysical certitude that if Buffett in this MM interview said ObamaCare will save people a great deal of money and should be implemented exactly as is, the media would be all over it.
But the Oracle of Omaha saying it should be scrapped?
Seems highly-unlikely this will get much attention outside of the conservative media.
Executive editor’s note: Due to an error made by a secondary source, the piece below incorrectly claimed that Warren Buffett had called for the repeal of Obamacare in 2013. The interview which was cited actually took place in 2010. We regret the error.
Now you, Weekly Standard?
UPDATE: It appears that Buffett made his anti-Obamacare comments in 2010, thereby showing that he, like most of the American people, has opposed Obamacare since even before it was passed—a point that Mark Hemingway addressed yesterday . . .
OH, so you’re not standing by an imaginary 2013 interview. But you are standing by its main point, that Buffett currently opposes Obamacare. Warren? Is that right?
Buffett’s office told PolitiFact that the blog reports do not reflect his views. Buffett “has never said or thought that Obamacare should be scrapped,” said Debbie Bosanek, Buffett’s assistant.
Buffett said the bill he was criticizing was still worth passing despite its imperfections. According to Politico, Buffett was asked on CNBC whether he would be in favor of scrapping the Senate’s version of the health care bill; he responded: “I would be.” However, Politico also noted “that while he does not like the Senate bill, he’d vote for it in preference to doing nothing.” . .
It’s worth noting that in July 2012, just after the Supreme Court upheld the health care law, Buffett told Bloomberg TV that the court made the right decision.
Notwithstanding Buffett’s original point, of course, their original point still stands.