17 October 2005
Here come the copays
General Motors is expected to spend $5.6 billion on health care for employees and retirees this year, which is plainly more than the General can afford. So it might be good news that GM and the United Auto Workers have reached an agreement to trim that expenditure by half.
The deal must be ratified by hourly workers before it becomes official; so far, no one is telling just how much it's going to cost any individual GM employee. And it may not be enough to save Rick Wagoner's bacon, either.
Posted at 11:47 AM to Driver's Seat , Dyssynergy