Charlie Munger, a vice chairman at Berkshire Hathaway, claims the "rampant waste" of the healthcare industry will lead Democrats to implement a single-payer healthcare system the next time they control all three branches of government, according to CNBC.
Mr. Munger's criticisms of the healthcare system come as Berkshire Hathaway partners with Amazon and JPMorgan in an effort to lower healthcare costs for their employees.
"A lot of the medical care we do deliver is wrong — so expensive and wrong. It's ridiculous," Mr. Munger told CNBC. "A lot of our medical providers are artificially prolonging death so they can make more money."
Mr. Munger has served as chairman of the board of trustees at Los Angeles-based Good Samaritan Hospital for 31 years.