The bottom line is the govt is screwing this up. I rarely quote Buffett but when the President's own finance and insurance guys says scrap it.... we should. http://moneymorning.com/ob-article/obamacare-buffett.php When asked, "Are you in favor of scrapping [Obamacare] and going back to start over?", famed investor Warren Buffett said on CNBC March 1, 2010, "I would be â if I were President Obama.â Buffett insisted that without changes to America's health system average citizens will suffer. "We have a health system that, in terms of costs, is really out of control," he added. "And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else."
I don't agree with his politics, but historically, he's done some amazing things with money. Yes, he should know. He's got so many irons in the fire with insurers, it's astronomical. When it comes to money and politics, Warren's ALWAYS going to go with what he knows best, and that's money. I can only IMAGINE what he really knows from speaking with the deep insiders in insurance companies.:eek:
It looks like it could be even worse. I will keep this thread up to date as the numbers resolve. Right now... we know Sebillius got fired and Ezra Klein is saying that means obamacare is a success. Which probably means its going to crater even more. Which is hard to believe. You would think it would start getting better eventually.
Gee, who knew? Well other than all of us who warned it would be a failure even before it passed. So we could read it.