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Benzinga
Benzinga
Business
Jeannine Mancini

Warren Buffett Said Ballooning Healthcare Costs Are A 'Hungry Tapeworm' Eating the Economy —'The Single Biggest Variable' Throwing Us 'Out of Whack'

Cuban Calls For Caution On Universal Healthcare

Millions of Americans watch their paychecks shrink under premiums, deductibles, and medical bills that rise faster than their wages. Warren Buffett, the longtime Berkshire Hathaway CEO, drew a straight line between those bills and the country's economic standing. 

At Berkshire's 2017 shareholder meeting, he told investors that healthcare costs had become a direct threat to American competitiveness.

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