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Forget taxes, the real problem is healthcare, says Warren Buffett

He says the cost of maintaining the healthcare system is rising at an alarming rate, eroding companies' profits

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Mr Buffett says America's global competitiveness has fallen largely because businesses are paying too much for healthcare.

Omaha

"THE tax system is not crippling our business around the world." That was Warren Buffett, the chairman and chief executive of Berkshire Hathaway, over the weekend at the company's annual meeting, known as the "Woodstock of capitalism".

Mr Buffett, in a remarkably blunt and

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