Remember this? "GM drops health coverage for ex-workers 65 & over" [View All]

I'm seeing lots of discussions about GM's "crippling" health care burden, so I thought I'd remind you: Their white-collar retirees over 65 get MEDICARE & $76/mo. That's their "plan".

Besides which, GM made a deal with the union in 2007 to offload the rest of their healthcare "burden."



http://bulletin.aarp.org/states/md/articles/gms_pain_hits_retirees_automaker_drops_health_coverage_for_exworkers__and_older_affecting_hundreds_in_baltimore.html


"When Charles Miller went to work at General Motors' Broening Highway plant in 1954, he was attracted to the company by its reputation for good salaries and stellar benefits. He stayed for 31 years.

Since he retired...in 1985, he has gotten health coverage from the automaker...But now the 77-year-old Perry Hall resident and thousands of other white-collar GM retirees and their spouses or survivors, including hundreds in the Baltimore area, are losing that.

GM is the latest big company to abandon retiree health coverage, though it will continue to pay for those younger than 65.

...Bethlehem Steel workers...lost coverage after the steelmaker went bankrupt in 2003. General Growth Properties Inc., the Chicago real estate giant...dropped company-paid health and life insurance for Rouse retirees in 2005.

And in March, the Supreme Court made it easier for companies to reduce health benefits for millions of retirees..."