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Warren Buffett Video Interview: His Thoughts on Health Care Reform

I found a video interview with Warren Buffett posted two days ago on the internet. I am not sure when the interview was conducted, but it appears to be a recent interview. Buffett is interviewed by Fortune and is asked for his thoughts on Health Care Reform. This discussion is very relevant today as I noted in a in particular, since today’s election in Massachusetts could have a huge impact on health care reform.

Buffett is reluctant to state his opinion on the matter, because he is unsure what the final form of the bill will look like.

Buffett is asked if he supports Obama’s health care reform. He is reluctant to answer the question, but it seems to me he is not happy with it. He states that the plan has become a health insurance reform bill and not health care reform bill. He states that he supports broadening the coverage, but does not see much change from the bill that would affect health care reform. Buffett states the main problem with health care is the delivery of it, and the incentive system, and less a problem with the insurance.

Buffett states that if a public system is subsidized significantly, private plans could not compete with it and they would be forced out of business. However, Buffett believes a public plan is structured correctly it can compete with private insurers. This is the system that exists in California with workers compensation insurance.

Buffett thinks that critics who call Barrack Obama a socialist are foolish. He states that 20% of GDP since World War II has been Government. However, Government does not control businesses despite the fact that it has a big part in our lives. Buffett thinks that Government has a positive role to play in our society in particular with Social Security, and Medicare.

The embed code is disabled so you will have to follow the link to watch the interview.

http://www.youtube.com/watch?v=E4xpy61m3IM

About the author:

Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

Visit Jacob Wolinsky's Website


Rating: 3.6/5 (14 votes)

Comments

rid243
Rid243 - 4 years ago


This video is several months old. It was during that empowering women forum where he and Arnie were being interviewed.
yswolinsky
Yswolinsky - 4 years ago
Thanks for letting me know, It was just posted two days ago and i was under the impression it was a recent video

Regardless, I think it is still relevant even today.

www.valuewalk.blogspot.com
benethridge
Benethridge - 4 years ago
Good article. Thanks for posting it.

Please leave your comment:


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