News

Warren Buffett Says The Real Problem Is Health Care - Not Taxes

05.08.2017 - Workplace Issues

An excerpt from the article:

.......while tax rates have fallen as a share of gross domestic product, health care costs have ballooned. About 50 years ago, he said, “health care was 5 percent of G.D.P., and now it’s about 17 percent.”

His is one of the most cogent arguments for renewing attention on the underlying costs of our health care system — an issue far beyond the debate around the Affordable Care Act and what it is going to look like if it is repealed and replaced.

Mr. Buffett said our global competitiveness had fallen largely because our businesses were paying far more for health care — a tax by another name — than those in other countries.

 

To read the full article, click the link below:

https://www.nytimes.com/2017/05/08/business/dealbook/09dealbook-sorkin-warren-buffett.html