The Big Three Bailout and Health Care

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	The Big Three Bailout and Health Care

Rebecca Ruiz

11-21-2008 2:42 PM

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Rebecca Ruiz says:

Wondering how much the Big Three are paying in health care costs? This post by a blogger at the think tank New America Foundation has some details, and a link to a CNN video on the subject. Bottom line? GM pays about $1,500 for health care per vehicle.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/25657bc3-55e9-4a3c-b721-6b83061e389a/18C2CBC2-ECF5-4556-90EC-9D9C96AB6ED6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.newamerica.net/events/2008/busting_the_budget" href="http://www.newamerica.net/events/2008/busting_the_budget" style="font-size: 11px;">www.newamerica.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newamerica.net/events/2008/busting_the_budget">It's a cliché by now to talk about how carmakers spend more on health care than they do on steel, but clichés stick around for a reason. What's happening now in <A target="_blank" href="http://statehealth.newamerica.net/node/112">Michigan </A>is not just another blow to our manufacturing sector but another crisis for our whole economy. And our overpriced, inefficient health care system is a big component. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newamerica.net/events/2008/busting_the_budget">CNN just took a look at the health care element to the Big Three crisis, and quoted New America health policy director Len Nichols on the costs, in particular, of retiree health care. U.S. carmakers used to have a bigger share of the market, and they had more workers than retirees. Now, they have foreign competitors with lower health care costs, and they have more retirees than workers (two times as many retirees in some cases)</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newamerica.net/events/2008/busting_the_budget">GM is now paying about $1,500 per vehicle for health care, and two-thirds of that is for retirees.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/18C2CBC2-ECF5-4556-90EC-9D9C96AB6ED6/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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