CHANNILLO
Health Insurance Harms U.S. Trade Position
General Motors covers more than 1.1 million employees and retirees with health insurance. GM executives note that it spends about $5 billion on healthcare expenses annually. Healthcare costs add between $1,500 and $2,000 to the sticker price of every automobile that GM manufactures. The Cato Institute found that GM paid $1,500 more per car for health insurance than Toyota. Chrysler claims a health care cost of $1,400 per vehicle. Ford says its health insurance burden is $1,100 per vehicle.
Workers at Mercedes, BMW and Audi plants in Germany have health insurance paid for by the German government. This puts Germany at a cost advantage. Similarly, Japan pays for Lexus,">
Chapter Six: Health Insurance Reform (3)
Series Info | Table of Contents
Health Insurance Harms U.S. Trade Position
General Motors covers more than 1.1 million employees and retirees with health insurance. GM executives note that it spends about $5 billion on healthcare expenses annually. Healthcare costs add between $1,500 and $2,000 to the sticker price of every automobile that GM manufactures. The Cato Institute found that GM paid $1,500 more per car for health insurance than Toyota. Chrysler claims a health care cost of $1,400 per vehicle. Ford says its health insurance burden is $1,100 per vehicle.
Workers at Mercedes, BMW and Audi plants in Germany have health insurance paid for by the German government. This puts Germany at a cost advantage. Similarly, Japan pays for Lexus,...
Please subscribe to keep reading.