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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" All this damn system goes wrong. And the number of unnecessary tests (…) is a national disgrace, "says Munger, 95, in his first interview after the & nbsp;General Meeting of Shareholders of Berkshire Hathaway. "data-reactid =" 16 ">" All this damn system is going badly. And the number of useless tests … is a national disgrace, "says Munger, 95, in his first interview after the Berkshire Hathaway shareholders meeting.
"The system is ridiculous," adds Munger. "If a young family has to pay a $ 5,000 deductible to have a baby, it does not really have medical insurance."
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Good in the first term of President Donald Trump, Care remain a hot political issue The Trump administration has called for the repeal of Obamacare, more recently through a & nbsp;federal prosecution& nbsp; in which the Department of Justice filed an argument that the law was unconstitutional. Republican legislative leaders, however, have & nbsp;asked for caution& nbsp; towards efforts to roll back the law. "Given that President Donald Trump's mandate is well under way, health care remains a burning political issue.The Trump administration has called for the repeal of Obamacare. in the context of a federal lawsuit in which the Justice Department had declared the law unconstitutional, Republican legislative leaders urged, however, that prudent steps be taken to roll back the law.
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The number has meanwhile & nbsp;Democratic candidates for the 2020 presidential election. Some, like Senators Bernie Sanders (I-VT) and Kamala Harris (D-CA), have called for a single payer system that removes private insurance, while others, like Senator Amy Klobuchar (D-MN) advocated the extension of Medicaid and Medicare. "data-reactid =" 19 "> The case has divided the candidates for the 2020 Democratic presidency. Some, like Senators Bernie Sanders (I-VT) and Kamala Harris (D-CA), have called for a pay-as-you-go system. One that removes private insurance, while others, like Sen. Amy Klobuchar (D-MN), have pleaded for the expansion of Medicaid and Medicare.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Munger made these remarks to the editor Andy Serwer in a conversation aired on Yahoo Finance Thursday at 5 pm Eastern Time, in an episode of "Influencers with Andy Serwer, "A series of weekly interviews with leaders from the world of business, politics and entertainment." Data-reactid = "20"> Munger made these remarks to editor Andy Serwer during a conversation that aired Thursday at 5 pm on Yahoo Finance. EST in an episode of "Influencers with Andy Serwer", a series of weekly interviews with leaders in the world of business, politics and entertainment.
Since 1978, Munger has been Vice President at Berkshire Hathaway alongside Buffett. The two men met 20 years earlier in Omaha, Nebraska, where they were born and currently live. Berkshire Hathaway is the world's fourth-largest publicly traded company, with Buffett worth $ 83.1 billion and Munger worth $ 1.7 billion.
Berkshire Hathaway owns more than 60 companies, such as Geico and Dairy Queen, as well as minority stakes in Apple, Coca-Cola, among others.
Berkshire Hathaway Vice President, Charlie Munger, smiles during an interview in Omaha, Neb., Monday, May 7, 2018, with Liz Claman on the countdown of Fox Business Network. (AP Photo / Nati Harnik)
"We should have a single payer system"
Munger called for a single payer system, which he said would be cheaper and produce better health outcomes.
"I'm one of the few Republicans you've ever talked to who thinks we should have a single payer system," he says.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Two years ago, Munger was the first & nbsp ;told Yahoo Finance& nbsp; he supported a single payer system, stating that a minimum of health care should be available to all Americans. "data-reactid =" 41 "> Two years ago, Munger told Yahoo Finance that he supported a single payer system., arguing that a minimal standard of health care should be available for every American.
"Having a basic right for everyone without the right to insurance, I think it's a good idea," Munger said in 2017.
<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "There is still a need for an alternative system," says Mungers at Serwer «Influencers with Andy Serwer. "" Data-reactid = "43"> An alternative system is still needed, says Mungers to Serwer: "Influencers with Andy Serwer."
"We have a crazy medical system," he says. "I do not like that."
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Andy Serwer is editor-in-chief of Yahoo Finance."data-reactid =" 45 ">Andy Serwer is editor-in-chief of Yahoo Finance.
Read more:
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "My moments with Warren Buffett"data-reactid =" 47 "> My time with Warren Buffett
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "AOC is "friendly" but does not know who Adam Smith was, said Charlie Munger"data-reactid =" 48 "> AOC is" nice "but does not know who Adam Smith was, says Charlie Munger
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Charlie Munger: Trump is not primarily responsible for US economic success"data-reactid =" 49 "> Charlie Munger: Trump is not primarily responsible for US economic success
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn,Youtube, and reddit."data-reactid =" 50 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn,Youtube, and reddit.
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