America's health care system is a 'national disgrace,' says Charlie Munger
The U.S. health care system is a “national disgrace” and should be replaced with a single-payer model, says Charlie Munger, the right-hand man of Berkshire Hathaway CEO Warren Buffett.
Well into the first term of President Donald Trump, health care remains a hot-button political issue. The Trump administration has sought the repeal of Obamacare, most recently through a federal lawsuit in which the Department of Justice filed an argument that the legislation is unconstitutional. Republican legislative leaders, however, have urged caution toward efforts to roll back the law.
Since 1978, Munger has served as vice chairman at Berkshire Hathaway alongside Buffett. The two met 20 years earlier through a mutual contact in Omaha, Nebraska, where both were born and currently live. Berkshire Hathaway is the fourth-largest public company in the world, yielding Buffett a net worth of $83.1 billion and Munger one of $1.7 billion.
“I'm one of the few Republicans you'll ever talk to who thinks we should have a single-payer system,” he says.
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