Never one to mince words, investment poobah Warren Buffett described the U.S. healthcare system as a tapeworm in the digestive tract of the economy.
This apt but disgusting metaphor does a good job of illustrating how our maddeningly dysfunctional healthcare system puts American businesses as a disadvantage compared with their overseas cousins.
"The healthcare problem is the No. 1 problem of America and of American business," Buffett said in an interview with Bloomberg Television. "It’s the tapeworm, essentially, of the American economy, and we have not dealt with that yet. Obamacare is a step in the right direction in many ways."
The fact that we pay more for healthcare than countries with publicly offered, universal health plans means more corporate profit and worker income is sucked up by medical costs.