Internet posts claiming that Warren Buffett wants to “scrap Obamacare” are false, the Omaha investor said Tuesday.
“This is outrageous,” Buffett said in a World-Herald interview. “It's 100 percent wrong ... totally false.”
A story posted by Money Morning, a financial advice site, and repeated by the Morning Standard and other Internet outlets quotes comments Buffett made in an interview on CNBC on March 1, 2010. Officials from Money Morning could not be reached Tuesday.
The U.S. Senate was debating a bill that became the Affordable Care Act, or Obamacare. The Internet posts make it appear that the comments are recent. Worse, Buffett said, they took his comments out of context and added the “scrapped” wording.
“I've never suggested nor thought Obamacare should be scrapped,” said Buffett, who has supported President Barack Obama's political campaigns. “I support it. It relates to providing medical care for all Americans. That's something I've thought should be done for a long, long time.”
Money Morning's article said, in part: “Buffett insists that without changes to Obamacare average citizens will suffer” and quoted him as saying: “What we have now is untenable over time. That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body.”
Buffett said that his “untenable” comment refers to rising health care costs, not Obamacare, and that other quotes also were taken out of context to make it appear, falsely, that he believes the law should be repealed.
“I've talked about the problems of health care for years and years, going way back before Obamacare,” he said. “It hurts us in competition with other countries.”
The Internet stories, he said, are “saying something I have never said and trying to tie it in with other things. ... They've taken some things I've said and added on a line they wish I'd said.”
The Omaha World-Herald Co. is owned by Berkshire Hathaway, Inc.