Charlie Munger and his view of healthcare in the US.

Charlie, a friend, partner of Warren, has recently been vocal about his concerns about US healthcare, literally stating that it is a system that prolongs death to make more money and comparing patients to African carcasses. 🤔

Billionaire investor Charlie Munger has been vocal about his concerns about American healthcare, saying it is "riddled with rampant waste" and has become "immoral." There are fundamental problems that need to be addressed, including the unnecessary costs and inefficiencies that plague the medical field.

Munger drew a vivid analogy at the Daily Journal's annual meeting, comparing the experience of a dying old person in many American hospitals to that of a corpse on the African plains. He painted a bleak picture, describing how vultures, jackals, hyenas and other scavengers swarm around the helpless creature, trying to make as much money as possible.

With more than 35 years of experience as chairman of the board of Good Samaritan Hospital in Los Angeles, Munger expressed his belief that some health care practices are absurd. "A lot of the medical care we provide is bad - so very expensive. It's ridiculous." In an interview with CNBC, he went on to claim that some medical care providers are artificially prolonging death in order to increase their profits.

Warren Buffett, shares similar concerns. He refers to health care as a "tapeworm on the economic system." Studies reveal that more than 100 million Americans are saddled with medical debt, placing a significant financial burden on their lives. Further analysis of the data shows that approximately one-quarter of American adults carrying this debt owe more than $5,000.

What makes the problem more troubling is that it is not primarily caused by a lack of insurance coverage. Contrary to popular belief, most people struggling with debt do have insurance. Instead, the problem of underinsurance prevails. Many people have health insurance that does not offer sufficient coverage, leaving them vulnerable to high costs and the accumulation of health care debt.

I made a few more comments with the article that may not be literally true, of course, but it is true that it is widely known how expensive healthcare is in the US. One example with the article: An American whose parent was dying of cancer was already in the process of being put on morphine and put to sleep, then another doctor came in, said he wanted to do more scans before they were done, the patient died and the hospital wanted $12k. Another case: Tourist from France, I was in the US, had a common cold, just wanted some medication to numb it and leave, they ordered me to stay overnight for observation and a bill came in for $2k per night.

I personally from an investor's perspective look at this sector well because the truth is it's pretty stable, sometimes a nice dividend, popular and unfortunately I also bet those facts that healthcare is a huge business that makes money off of people. On the other hand, today's times are terrible, as an athlete and in my time a coach, I've seen this since I was a kid. No exercise, drive to the bench. Sitting around all the time. Artificial, chemical diets, too many sugars, and what I find even scary, the more I encounter people saying, I don't drink water, I don't like ... and they're just drinking sugary drinks.

What do you think of Warren Buffett and Charlie Munger's views? Are you investing heavily in this sector? (The stocks listed are mainly used as examples to make it even easier to get your point across, feel free to comment on any. 😊 $LLY $JNJ $MRK $CVS $ABBV $MRNA $PFE...).