HEALTHCARE….General Motors announced today that it has reached a deal with the UAW to slash healthcare costs:
Under the deal, GM’s health-care costs for union members, retirees and their families will be reduced by about $1 billion a year, the world’s largest automaker said….GM said that in addition, health-care liabilities on its balance sheet will be slashed by about $15 billion.
….GM has said since March that controlling health care costs was a key for its efforts to stem losses at the company.
Hmmm, I wonder if there are any other ways for multinational corporations to control their healthcare costs? Let’s see what the New York Times reports:
The company has been losing market share to foreign rivals that operate at lower costs, partly because Japan, Germany and other governments provide universal health care for all their citizens.
That sounds like a good idea. Maybe big American corporations should start thinking about supporting policies that help the entire business community survive, instead of fighting each other like trained cocks for the tax scraps tossed their way each year by Grover Norquist and Tom DeLay. Just a thought.