GM switches health insurance costs to union for striking workers; talks continue
) were expected to be tough, with thorny issues such as healthcare costs, profit-sharing and the use of temporary workers on the table.
Meanwhile, GM said coverage for the striking workers’ health insurance reverted to the union, which unsuccessfully sought to have the No. 1 U.S. automaker cover those costs through the end of the month. That places another drain on the union’s strike fund. GM has said in the past that it annually spends about $1 billion a year on healthcare coverage for its hourly workers, suggesting the monthly cost per worker is in the range of $1,700 to $2,000. The UAW on its website said its strike fund covers certain benefits such as medical and prescription drugs, but not dental, vision and hearing.
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