President Barack Obama warned Monday that the current healthcare system is "a ticking bomb" for the budget that could force America to "go the way of GM" without a legislative fix.
According to the Associated Press, Obama went before the American Medical Association in Chicago to declare anew that the existing system leaves too many uninsured and forces "excessive defensive medicine" by doctors worried about malpractice suits. He also declared once again that he does not favor socialized medicine and cautioned people to beware of "scare tactics and fear-mongering" by critics who make this claim.