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GM, union near deal on healthcare funds

Wall Street Journal Health Blog, May 22, 2009

GM and the United Auto Workers reached a tentative deal that could help GM reduce its $20 billion worth of retiree healthcare obligations. The costs of U.S. healthcare have taken a particularly heavy toll on the auto industry, which used to offer high-end, life-long health benefits to its workers. Now, the industry has been struggling to make good on its healthcare promises.