5+ years ago at a Berkshire Hathaway shareholders’ meeting, a doctor from California asked Buffett and Munger what they’d do to change healthcare and they said the didn’t have any answers. As Buffett says now, “The ballooning costs of healthcare act as a hungry tapeworm on the American economy.” I would add that it’s a tapeworm we deserve (due to politics, bad regulations, screwy incentives, and poor collective health).



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