Buffett says Obama needs to couch healthcare as a national emergency

Discussion in 'Politics' started by B_starinvestor, Mar 1, 2010.

  1. B_starinvestor

    B_starinvestor New Member

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    This morning on CNBC Warren Buffett said that we need to 'couch' healthcare as a national emergency.

    He went on to say that the primary problem with healthcare is that costs are based on procedures and not results, and that we won't fix the problem with a 2400 page bill that attempts to please everybody and all 'private groups.'

    He also indicated that if executed properly, we should be moving towards 13 or 14% of GDP instead of moving higher (currently we are at approx. 17%)

    At the time of this post, a link wasn't available yet on CNBC's website.

    It is beyond obvious that this mad dash at a bill is losing more support by the day.
     
  2. Industrialsize

    Staff Member Moderator Gold Member

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  3. Pitbull

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    And why do we need to do that?
    A mischaracterization (i.e. lie) simply to pass what they want.

    Problem is this requires everyone suddenly become extremely gullible.
    We have essentially the same health care we had yesterday, last month, last year, 10 years ago.
    And to most people it has worked fine and although there are problems to be told it is an emergency and must be passed now comes across as pure desperate bullshit.

    We have heard this before.
    Must pass the stimulus!
    Cannot read the bill but we have to pass it!
    Well the economy has not collapsed and most of the stimulus funds have not been spent.

    It is unethical for a doctor to guarantee a cure.
    And how would such a medical care system work?

    You get sick.
    You go to the doctor.
    He runs some lab tests.
    When waiting for results you have medicine to take.
    Results come back.
    Liver failure.
    A lifetime of drinking has caught up with you.
    No cure.

    So do you pay?
    Stiff the doctor?
    the lab?
    the pharmacy?

    You get even sicker from your disease.
    Do they help you?
    Why should they? Ingrate.
    Already didn't pay your first bill.
    You have no chance of recovery.
    Why should the doctor spend time helping you for free while your costs of running a medical practice continue to mount?
    Better to treat someone with poison ivy who will get better and pay his bill.

    Buffet should stick to investing.

     
  4. B_Nick4444

    B_Nick4444 New Member

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    he's holding some insurance company stock, I take it
     
  5. D_Andreas Sukov

    D_Andreas Sukov Account Disabled

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    How do you justify those that cant pay for there bills? Should they just die? And are doctors really just covering the costs? The Lambo at the entrance says otherwise
     
  6. B_starinvestor

    B_starinvestor New Member

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    From your link, Indy:

    When asked if he would vote for the healthcare bill currently before the Senate, Buffett said that he would take the bill over the status quo, but he would really like to see a bill that is focused on reducing cost.

    "We've got to bring cost per capita down," Buffett said.
     
  7. houtx48

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    nationalize health care.....fuck the insurance and drug companies..What the fuck good is this bill if they do not cover preexisting conditions?
     
  8. Pitbull

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    Maybe if people purchased insurance before they got sick (like some of us have done) they wouldn't have a "preexisting condition"
     
  9. midlifebear

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    And when pit(h)bull turns 65, they won't be able to wrench his Medicare from his clammy, cold hands until he's dead.
     
  10. B_starinvestor

    B_starinvestor New Member

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    He only owns property and casualty co's.
     
  11. Pauligan

    Pauligan New Member

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    There are many people who have pre existing conditions like liver, kidney and heart ailments and juvenile diabetes from early on in life, before they even get their first job, which would give them coverage, and, they are unable to get private insurance or are penalized with extremely high premiums which many can't afford.
     
  12. B_VinylBoy

    B_VinylBoy New Member

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    So I guess when people are born with an ailment, such as asthma, they were supposed to buy health insurance while in the womb so they would qualify and not have a "preexisting condition". :rolleyes:

    Sometimes I wonder if any of these people think before they type?
     
  13. Industrialsize

    Staff Member Moderator Gold Member

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    Lose your job(and health insurance). Decide to become entrepeneurial and open a small business.
    Go to buy insurance. STOP IMMEDIATELY!. Insurance companies either deny coverage due to pre-existing conditions or make it sooooooo expensive to make it unaffordable to buy.
     
    #13 Industrialsize, Mar 1, 2010
    Last edited: Mar 1, 2010
  14. B_nyvin

    B_nyvin New Member

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    You realize for some people this is all out IMPOSSIBLE
     
  15. B_starinvestor

    B_starinvestor New Member

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    I believe the point that Buffett makes is this:

    Essentially the government is already paying for the cost of the uninsured - as most need to use the emergency room as their primary doctor.

    That being said, why do we need to rob Medicare of $500 billion and tax the public another $500 billion to $1 trillion to implement this new bill?

    Between current healthcare costs and costs incurred by the uninsured - shouldn't a new and improved system be able to reduce the cost of healthcare by adding new efficiencies and standards?

    We are already paying more than everyone else, have less beds/patient and less doctors/patient than other developed countries. So why are we keeping those low ratios and adding still more costs????

    There was an doctor on CNN late last week that said that a patient comes in - and essentially they perform one test which the patient needs, and three other tests simply to keep in the file so that they don't get sued. Four tests instead of one - a quadrupling of cost to avoid lawsuits.
     
  16. B_talltpaguy

    B_talltpaguy New Member

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    Yes, we ALL want that. Nice to see you finally waking up to reality.

    Now, instead of bitching at the party who is trying do to something about it, how about bitching at the party who refuses to do anything to help solve the problem?



    and your lying is a perfect example of why nothing is getting done... Because while one side is negotiating with the private sector to lower per capita Medicare costs, the other side is lying through their teeth to imply that those negotiated savings will be paid for by a consumer who will get less coverage, when the contractual reality is that these savings will be realized by the private sector reducing overhead and being able to run at a lower margin because the Feds are mitigating some risks.

    When you lie, you're not telling people about another perspective on the issue, you're just showing everyone that you're a liar.
     
  17. houtx48

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    "Maybe if people purchased insurance before they got sick (like some of us have done) they wouldn't have a "preexisting condition".......what if you were self employed and had your insurance premiums go beyond what one could afford to pay? how is it up there in the ivory tower?
     
  18. Industrialsize

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    Self employed here.........As of April 1st my monthly premium goes from 703 to 803 dollars a month PLUS copays for EVERYTHING.
     
  19. b.c.

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    Silly me. Here I'm wondering what they mean by "couch". It IS a fuckin' national emergency!
     
  20. B_starinvestor

    B_starinvestor New Member

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    That fact that the are behaving that way makes them look desperate.

    In the end it will probably cause the bill not to get passed. Instead of thoughtfully drafting a good bill that could set us up for decades - we probably won't get it passed because of the chaos and pandamonium with which it is being throttled through the process.
     
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