Obamacare Finds New Opponent In Warren Buffett

Warren Buffett shows little ambition to become the President of the United States, but that doesn't stop him sharing his opinion about what he would do if he were in the hot seat. The legendary investor told Money Morning that he would scrap the attempt at universal healthcare if he was at the controls.

Buffett is not adverse to healthcare reform, nor is he adverse to universal healthcare of some kind. The Affordable Care Act, or Obamacare, is going to be a negative factor for America's economy over the long run, and the system will have to change when it finally becomes too much to bear. Buffett wants...