Buffett Says Health Law Is Step to Fix ‘Tapeworm’ in Economy

The health-care law upheld by the U.S. Supreme Court last month is a step toward addressing the “tapeworm” of rising health costs consuming American businesses, billionaire investor Warren Buffett said.

Buffett said the court made the right decision in declaring the Affordable Care Act constitutional in its 5-4 ruling and said the law probably “cuts both ways” in terms of President Barack Obama’s re-election chances this November.