Remember when Obama touted Buffett as the smartest businessman around ?

Well, haven’t seen Buffett at the WH as much as the SEIU president.  In fact, don’t recollect seeing there at all in the past year.  Hmmm.

My bet: Warren probably won’t make the President’s invitation list any time soon, now that he advocates scrappoing the ObamaCare bill and starting over with a sharp focus on reducing healthcare costs.

* * * * *

Excerpted from Politico: Warren Buffett would scrap health care bill, 3/1/10 

In a CNBC interview,  CEO Warren Buffett said that President Barack Obama should start over on health care …  scrapping the current health care bills and starting over.

Buffett said the current bill does not focus on controlling costs, which he sees as the central problem that must be addressed to reform the system.

“What we have now is untenable over time …  like a tapeworm eating, you know, at our economic body.”

“We have a health system that, in terms of costs, is really out of control.”

While Buffett applauded Obama for taking up the reform effort, he said that “unfortunately, we came up with a bill that really doesn’t attack the cost situation that much.”

Asked if he would be in favor of scrapping the Senate health care bill, Buffett responded: “I would be.”

If the president were to start over, Buffett would advise him to “just  say that one way or another, we’re going to attack costs, costs, costs.”

Buffett urged Obama to say that “we’re going to cut off all the kinds of things like the 800,000 special people in Florida or the Cornhusker kickback, as they called it, or the Louisiana Purchase, and we’re going to — we’re going to get rid of the nonsense. We’re just going to focus on costs and we’re not going to dream up 2,000 pages of other things.”

Buffett would like to expand access to health insurance, but he said he does not “believe in insuring more people till you attack the cost aspect of this.”

Full article:
http://www.politico.com/news/stories/0310/33693.html

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