First, the real burden to auto companies is health care costs. If the auto executives and their counterparts actually dealt with the economics of health care--as opposed to ideology--they would wake up and be avid supporters for a single-payer health care plan. Enacted this year, such a plan would immediately lift off auto companies tens of billions of dollars--that's BILLIONS--in health care costs for current and, most notable, retired workers.
This is nothing new. Almost two years ago, I perceived General Motors as the prime example of a company that should be arguing that single-payer health care is an economic necessity. Many others have made that point before and since. And, yet...these guys are unwilling to break from their ideological framework, even though the economics are unassailable.
Second, it is not rank-and-file workers pensions that are causing a financial problem for auto companies, or, for that matter, many other big companies. CEO pensions are the problem.
No comments:
Post a Comment