The little blue pill is leaving General Motors Corp. with a very large bill.Here's another good example of why getting health care at work is a bad idea.Consumers should choose what they want in a health care package.
The world's largest automaker, which lost $10.6 billion last year, is shelling out $17 million annually for impotence drugs such as Viagra and Cialis, said GM spokeswoman Sharon Baldwin.
While the so-called "lifestyle drugs" make up a small fraction of GM's overall health care costs -- now hovering at $5.6 billion each year, or about $1,500 of every vehicle it builds -- company executives often use the example to illustrate how out-of-control health care costs have become in America.
GM, which provides health care for 1.1 million employees, retirees and dependents, is the world's largest private purchaser of Viagra, the popular erectile dysfunction drug produced by Pfizer Inc., whose sales reached $1.65 billion last year. The pill is covered under GM's labor agreement with United Auto Workers, as well as benefit plans for salaried workers.
Sunday, April 16, 2006
The Little blue pill costs GM $17 million a year
The Detriot News reports: