Wednesday, April 13, 2005

 

GM Health-Care Costs

Wonder how GM's massive health-care costs are split between active employees and retirees? Wonder no more:

[GM] now estimates its health bill for retirees and workers will escalate to $5.6 billion for the year, from $5.3 billion, divided $3.9 billion for retirees and $1.7 billion for active workers.

Looks like someone should have done some better investing back when they were making all those promises to their former employees.

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