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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: ksuave who wrote (436507)	11/24/2008 12:45:21 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574577

Ksuave, those clever health insurance companies, bankrupting the US auto makers but not other corporations. Tenchusatsu

To: ksuave who wrote (436507)	11/24/2008 12:58:16 PM
From: i-node	Read Replies (1) \| Respond to of 1574577

>> Look it up and let me know. I'm not going to look it up but I'm going to tell you something. GM is not paying "insurance companies" much money, and what they DO pay them is for repricing services, not for reinsurance. GM is fully capable of self-insuring or, at the very least, negotiating a contract which allows only minimal profits to the insurance companies. GM's health care costs aren't high because of insurance companies, but because the unions have cut deals which result in GM paying ALL health care expenses for its employees without the usual deductibles and copays (GM employees can, I believe, get any medication with a $4 copay). They aren't merely insuring their employees against catastrophic health expenses, they are PAYING THE TOTAL COST OF THEIR HEALTH CARE. In effect, these unskilled employees get the best health care in the world as part of their already obscene hourly wage. THAT is why GM has such high health care costs. Not the profits paid to insurance companies.