Great news; Ford and Chrysler have figured out a way to cut their health care costs. (Going up!) Oh wait, the costs are being passed along to their employees. (Whoopsie!). Now if only someone could stick a wrench into that see-saw's works. There must be some way to ease the profit-loss cycles of these companies, once described as health plans that happen to build cars as a side business. Hmm. I wonder what such a plan would look like?
Chrysler to Cut Health Benefits To Salaried Staff, Following GM (subs. req.) [WSJ]
GM, UAW Reveal Details of Agreement for Health-Care Cuts [internal]