Warren Buffett Says America Is “So Rich” It Can Afford Single Payer

In the latest example of a multi-billionaire “knowing” what is best for the average American, Berkshire founder Warren Buffett told PBS that UK-style single-payer healthcare would be the best system for the US.
While Buffett admits that he’s ‘no expert’ on health care, that apparently hasn’t deterred him from broadcasting his amateur opinion far and wide. Buffett, the world’s fourth-richest man with an estimated net worth of $73.3 billion, says that America is ‘such a rich country’ that it ‘can afford’ to provide health care to all its citizens.
‘”With my limited knowledge, I think that probably [single payer] is the best system. Because it is a system, we are such a rich country, in a sense we can afford to do it. But in almost every field of American business, it pays to bring down costs. There’s an awful lot of people involved in the medical – the whole just the way the ecosystem worked, there was no incentive to bring down costs.”

This post was published at Zero Hedge on Jun 27, 2017.