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Car Maker Spends $60 Billion for Health Care

  • March 12, 2004

Health care costs continue to rise. American companies are facing yet another hurdle: many of them have post-employment health plans that are underfunded, even more so than pension plans. The cost of post-retirement health care coverage is revealed, and overall it's a $284-billion bill and it is proving to be more than many companies can handle. General Motors, the largest automaker in the world, also has the largest health care obligation. Yesterday GM said that its future health care...
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