The New Models Are In
Harkening back to the days when Detroit's annual introduction of the new models would set the nation abuzz, the latest model to come out the Motor City is creating a stir of a different sort. Instead of all the talk being about a redesigned luxury sedan or a new super-sized SUV, the focus is on a new streamlined model for healthcare benefits. Leaders from the United Auto Workers and management at General Motors agreed on a new system that will unburden the company from the weight of a $55 billion obligation for future retiree healthcare benefits. The deal is seen as a win-win for the company and the union. So what about the impact on the healthcare industry?