Warren Buffett’s Cash, Medical Upcoding, & Trump’s NYC Influence 2/24/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 February 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Department of Justice’s investigation into United Healthcare’s billing practices has highlighted problematic practices across the American health care system, including upcoding. Former CEO of the Cleveland Clinic Dr. Toby Cosgrove explains common abuses in the system, their legacy, and potential solutions. New York Democratic Congressman Ritchie Torres stops by the set to discuss how city residents consider Mayor Eric Adams’ unusual relationship with President Trump. He explains why he wants the resigned NY Governor Andrew Cuomo to take over as Mayor this election cycle. Plus, DOGE is still making cuts to the federal workforce, the markets suffered their worst day of the year so far, and Omaha Oracle Warren Buffett is amassing more cash–and selling more stock. Ritchie Torres - 17:32 Dr. Toby Cosgrove - 27:39 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	How are Democrats reacting to the massive attention paid to President Trump
0:13.0	and his efforts to radically transform government?
0:16.0	Congressman Richie Torres weighs in on one of the biggest dramas in his party,
0:20.0	the crowded race for New York Mayor.
0:22.6	Torres is endorsing slash drafting Andrew Cuomo, the governor who resigned as a common-sense candidate for the city.
0:30.6	The redevelopment of Moynihan Train Hall is a fact. The redevelopment of LaGuardia Airport is a fact. The redevelopment of Javid Center is a fact.
0:39.3	The Department of Justice is investigating billing practices at United Healthcare, and it's putting the system in the hot seat.
0:45.3	Former CEO of the Cleveland Clinic, Dr. Toby Cosgrove, joins us.
0:49.3	I think there's been a lot of good that has come from Medicare Advantage, particularly for patients,
0:55.3	but there's also been some abuses.
0:58.3	Plus, the staffing purge and pause as Elon Musk's doge tries to make government more efficient,
1:04.3	the wisdom in Warren Buffett's massive pile of cash, and a market speed bump in 2025.
1:10.6	With the market at any given time is a 10 or 12% correction ever just totally out of the
1:15.5	question.
1:15.9	It really never is.
1:17.6	It is Monday, February 24th, SquawkPod begins right now.
1:23.1	Stand back you by in three, two, one.
1:26.0	Cuea, please.
1:28.4	Good morning, everybody.
	...

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