Warren Buffett: Time to scrap Obamacare

When billionaire Warren Buffett (the second richest man in America behind Bill Gates) speaks, people tend to listen.

From POLITICO:

Billionaire investor Warren Buffett advised President Barack Obama on Monday to scrap the health care bill and start over.

In an interview with CNBC, 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. He added that while he does not like the Senate bill, he'd vote for it in preference to doing nothing.

"What we have now is untenable over time," said Buffett, an early supporter of Obama's candidacy. "That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body."

Read the full story below:

Warren Buffett would scrap health care bill - Andy Barr - POLITICO.com