Charlie Munger Said It's Evil And Asinine To Keep Pumping Chemotherapy Into People 'That Are All But Dead' Just To Make Money 'After The Game Is Over'

Benzinga_recent_news03-09

Medicine has never been a polite topic for longtime Berkshire Hathaway Vice Chair Charlie Munger. The late investing legend spent decades dissecting markets, businesses and human behavior, and when ...

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The late investing legend spent decades dissecting markets, businesses and human behavior, and when the conversation turned to healthcare, he applied the same blunt logic.During a 2018 appearance on Fox Business, Munger told host Liz Claman that one corner of modern medicine bothered him deeply. In his view, some treatments continue long after their benefits disappear, creating suffering and massive costs with little chance of helping patients.Claman asked Munger about remarks he had made criticizing how the U.S. healthcare system sometimes handles end-of-life care. Munger did not soften the point.\"It's asinine to pour a load of chemotherapy into people that are all but dead,\" Munger told Claman. \"It makes them miserable, costs them a lot of money, does no good for anybody.\". \"It's not too much to say that it's evil,\" Munger said.Claman then posed a personal scenario. What if Munger himsel","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4588":"碎股","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BRKC":"YieldMax BRK.B Option Income ETF","LU0971096721.USD":"富达环球金融服务 A","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","BK4581":"高盛持仓","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BRKD":"Direxion Daily BRKB Bear 1X Shares","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BRKU":"2倍做多BRKB ETF-Direxion","BK4585":"ETF&股票定投概念","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","BRKW":"Roundhill BRKB WeeklyPay™ ETF","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4176":"多领域控股","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BRK.A":"伯克希尔","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BRK.B":"伯克希尔B","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4550":"红杉资本持仓"},"translate_title":"查理·芒格表示，仅仅为了“游戏结束后”赚钱而继续给“几乎死去”的人注射化疗是邪恶和愚蠢的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.B":1.88,"BRK.A":0.84,"BRKW":0.6,"BRKU":0.6,"BRKC":0.6,"BRKD":0.6},"content_text":"Medicine has never been a polite topic for longtime Berkshire Hathaway Vice Chair Charlie Munger.  The late investing legend spent decades dissecting markets, businesses and human behavior, and when the conversation turned to healthcare, he applied the same blunt logic.\nDuring a 2018 appearance on Fox Business, Munger told host Liz Claman that one corner of modern medicine bothered him deeply. In his view, some treatments continue long after their benefits disappear, creating suffering and massive costs with little chance of helping patients.\nClaman asked Munger about remarks he had made criticizing how the U.S. healthcare system sometimes handles end-of-life care. Munger did not soften the point.\n\"It's asinine to pour a load of chemotherapy into people that are all but dead,\" Munger told Claman. \"It makes them miserable, costs them a lot of money, does no good for anybody.\"\nHe went even further, arguing that financial incentives can push treatment beyond the point where it helps.\n\"It's not too much to say that it's evil,\" Munger said.\nThe Berkshire Hathaway leader had served on hospital boards and said those experiences shaped his view of how the system works. His criticism focused on cases where aggressive treatments continue primarily because they generate revenue rather than meaningful medical benefit.\nEven Munger would \"throw a long bomb\"\nClaman then posed a personal scenario. What if Munger himself were diagnosed with cancer and doctors said there was at least a chance treatment could extend his life?\nMunger answered differently than some viewers might expect.\n\"I would of course try,\" he said. \"I would maybe throw a long bomb.\"\nTrending: Most founders obsess over the wrong hires. See the 5 startup roles that actually determine whether a company scales or stalls.\nBut he quickly added that there is a point where medicine should recognize reality.\n\"There comes a time when the game is over,\" Munger said. \"And then it's wrong to keep treating to make money after the game is all but over.\"\nThe distinction, in his view, was between trying a treatment with a real chance of success and continuing aggressive therapy when the outcome is essentially decided.\nThe interview soon shifted toward the broader structure of American healthcare. Claman asked whether the U.S. could eventually move toward a single-payer system.\nMunger said the country already uses versions of it.\n\"We have a lot of single-payer medicine now,\" he told Claman, pointing to Medicaid and Medicare programs that already cover millions of Americans.\nHe also pushed back against the idea that such systems destroy capitalism, pointing north for evidence.\n\"In the other countries like Canada they have like Medicaid for all and nobody wants to give it back,\" Munger said. \"Canada hasn't lost capitalism.\"\nHis argument was simple. Healthcare costs had grown from roughly 5% of U.S. GDP decades earlier to around 17%, a shift that Berkshire Hathaway Chair Warren Buffett once called a \"tapeworm\" on the American economy.\nMunger died in 2023 at age 99, but his comments continue to echo in today's healthcare debates.\nEnd-of-life treatment costs remain one of the most expensive parts of the U.S. medical system. Studies from the Centers for Medicare and Medicaid Services show a large share of lifetime healthcare spending occurs during the final years of life.\nThat reality sits at the center of ongoing debates about cost, ethics and patient choice. Some doctors argue aggressive treatment offers hope. Others say the system often struggles to balance medical possibilities with quality of life.\nMunger's point was not that medicine should stop trying. It was that incentives matter.\nAnd as with many of his remarks, the Berkshire Hathaway vice chairman delivered the message the same way he approached investing for nearly a century: bluntly, logically and without much concern for whether it made anyone uncomfortable.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2618691755","isCrawlerRequest":true}