Thursday, June 16, 2005

GM's healthcare dilemma

Jeff Jacoby on the deal most people aren't getting.
The health benefits GM provides are generous to the point of recklessness. While its salaried employees pay 27 percent of their healthcare costs, the nearly 120,000 workers who belong to the United Auto Workers pay a minuscule 7 percent. They have no deductibles, no monthly premiums -- only modest co-pays for doctor's visits and prescriptions
Boston Globe