Berkshire’s Charlie Munger talks health care

Berkshire Hathaway Chairman and CEO Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger discuss health care in the U.S.

[elvinaltagracia]

One of the greatest thinkers of this generation!

[bobs]

As a generalization, when you go into the hospital and have a $100, 000 bill, if you have medicaid they pay 10K, if you have medicare they pay 30k, if you have insurance they pay 50k, and if you have no insurance, you file bankruptcy. Guess who pays for the person without insurance?

[AHHUAT]

US healthcare problem is simply excessive medical expenditures. The huge healthcare insurance bills would eventually creeps up to the next generation.

[amdistant]

I can tell you being in healthcare that Munger is spot on. The amount of 80/90 year olds that are "barely breathing" and getting things done to them for the sake of "extra billing" is quite frankly immoral.

[carlcisc]

Neither of these men would tolerate anything but top medical treatment. He is right people need to stop expensive treatment when they get their age.

[FORTHEBY_BY]

Chemo sucks. I’d never do it. Most people feel even more sick and never get well. It depends on the type of cancer.

[TBM]

For most cancers successful treatment means you live past 5 years, I wouldn't call that a success. If you survive 30 years with breast cancer and die of breast cancer is that a cure. It is only if you live to 80-85 minimum and don't die of the breast cancer or metastases.

[Sills]

Gates should spend more of the money his foundation (Buffet is giving almost all his money to this foundation) in the USA, now the Gates Foundation spends 85% OUTSIDE of the USA.

[joevillaflores]

i don't think they are the right people to ask to speak for someone can't afford healthcare for the sick... these people have hospitals following them in their mansions, and politician throwing whatever morals that they have to please them... Yes, they are the pioneer in business or intelligence whatsoever... But I really doubt if they are the pioneer of dealing with the needy... even with all those foundation or jobs their company create whatsoever, they are still outside looking in, never experience hunger or homelessness or minimum wage...

[narumoljongsawat]

Rate flat in use open re does in market use redoing cost to drop.

[relobmit]

Bill Gates isn't fit to lace up Warren Buffett's shoes.