LINCOLN, Neb., Jan. 7 (UPI) — Billionaire investor<\/span><\/span><\/a> Warren Buffett<\/a> said Thursday he supports the U.S. Senate’s healthcare reform<\/a> bill, even though it is not “perfect.”<\/p>\n “The perfect is always the enemy of the good,” he told the Lincoln (Neb.) Journal Star, “and the unknown scares people.”<\/p>\n But tackling healthcare reform is “the right thing for the country,” he said.<\/p>\n The current system “is not working well,” Buffett told the newspaper. “Healthcare costs have galloped up as a percentage of (gross domestic product) and we haven’t covered the population the way a rich country should.”<\/p>\n If the United States doesn’t “get more efficient in delivering healthcare<\/span><\/span><\/a>, we’re going to exacerbate any competitive advantage we may have in many industries as compared to the rest of the world,” he told the newspaper.<\/p>\n The chairman and chief executive officer of Berkshire Hathaway Inc. noted healthcare was a huge expense at his company — “and our competitors around the world don’t bear the same cost.”<\/p>\n He said the healthcare bill that will result from reconciling the House and Senate versions “is not going to be perfect. There will be some unintended consequences and some surprises.”<\/p>\n But it’s time to start and then modify the legislation as needed, he said.<\/p>\n Buffett — often called the “Oracle of Omaha” and noted for his adherence to “value investing” and for his personal frugality despite his immense wealth<\/span><\/span><\/a> — has been a supporter of U.S. President Barack Obama.<\/p>\n Share Investor Links<\/span><\/a><\/a><\/p>\n Share Investor Blog<\/a> – Stockmarket & Business commentary Recommended Amazon Reading<\/span><\/p>\n
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