Saturday, September 09, 2006

Health Care's Impact on a New Car

“Chrysler expects to spend $2.3 billion in health care annually in the U.S. this year, or the equivalent of $1,400 per car built. Mr. (David) Cole estimated Chrysler’s health care costs could fall to around $800 per car if it gets terms similar to those GM achieved (in their negotiations with the United Auto Workers).”

- Wall Street Journal 9 Sep 2006

Yet another example of the little guy getting squeezed by health care as corporations seek ways to cut costs to remain profitable.


No comments: