Want to get billionaire investor Wilbur Ross riled up? Ask him about the U.S. health care system.
"It's an outrage that any American's life expectancy can be shortened by the fact that the company he worked for went bankrupt and abrogated its health care plan," an agitated Ross said last week at an auto industry conference in Detroit.
Many foreign auto suppliers have a leg up on U.S. competitors, said the usually unflappable Ross, CEO of WL Ross & Co.: They don't have to shoulder health care bills.
The bottom line: Either we get serious about universal health care, Ross said, or "we will lose the American standard of living."