Ran across this headline at Money Morning; "Buffett: scrap Obamacare and start over."
I thought, oh thank goodness, here's a name Americans trust coming out for single payer health care.
Turns out the folks at Money Morning were doing the old "bait 'n switch."
The only reference to Buffett in the article is a quote from four years ago wherein he advises Obama to start over on his health care plans. Buffett himself is resolutely committed to for-profit health care, as evidenced by his investments in for-profit health care operators.
After all, his personal plan covers everything and he can afford the deductible. As for those of you who don't share his good fortune, tough luck; you should have worked harder and then you'd be rich like Warren Buffett.
What their article is really about is how you can profit from Obamacare, like Warren is doing.
Yet, while millions of Americans loathe every facet of The Affordable Care Act, as it's officially titled, another group of Americans see it as a once-in-a lifetime opportunity to get rich: Investors.
Yup, you too can be an investor getting rich on someone's cancer. Or heart disease. Or kidney failure. Or whatever.
Point is, don't get hoodwinked into feeling sorry for folks who fall sick. They're not a pity party; they're an investment opportunity.
Ya, they'll be dead and their family will be suffering the repercussions of bankruptcy for generations, BUT YOUR PORTFOLIO IS GONNA BE BURSTING WITH PROFITS!!!
It's health care, the American way!