The Detroit Free Press took a crack at investigating the new contract and found some interesting items. While the oft cited VEBA account will take care of retired workers' health care, their benefits will not change unless the VEBA starts losing money. Active workers, however, will see their choices of health and dental plans reduced. We won't get into the nitty gritty, suffice it to say that higher co-pays and a smaller pool of doctors from which to choose is on its way.
It's hard to be sympathetic, however, considering that today most of the U.S. workforce endures health care plans that are half as comprehensive as they were a decade ago. To expect GM not to follow suit with the rest of corporate America and remain competitive is wishful thinking.
[Source: The Detroit Free Press]