Health care costs are one reason why GM cut 25,000 jobs
“General Motors’ chief exec spelled out Tuesday why U.S. manufacturers are getting their economic butts kicked. And a big reason has nothing to do with the productivity of our workers or the quality of our products.
It’s because our health care system is killing us.
Addressing GM shareholders, Rick Wagoner said runaway health care costs are partly to blame for the world’s largest automaker cutting at least 25,000 U.S. jobs as it closes more assembly and component plants.”