Health Care Co-Op Could Play Role In UAW Contract Negotiations
Interest by the United Auto Workers is reportedly in part the result of the success of a $61 billion fund started in 2010 that provides medical coverage for more than 750,000 retired auto workers.
The Wall Street Journal:
UAW Pitches Health-Care Co-Op To Car Makers
The United Auto Workers union is pushing Detroit car makers to put all their employees under one health-care umbrella, creating a powerful purchasing group that could upend traditional health care markets. The union’s idea would create a joint purchasing group for the three largest U.S. auto makers that would cover factory and white-collar workers and union-affiliated retirees. The group could total nearly 1 million members, a scale it believes would have unprecedented leverage in negotiating directly with hospitals, drug companies and others. (Rogers and Wilde Mathews, 9/2)
Bloomberg:
Bill Ford Says Health Care Co-op Possible In Union Negotiations
Ford Motor Co. Executive Chairman Bill Ford said the company is considering a health-care co-op, an issue the United Auto Workers union has raised in negotiations on a new contract. The UAW has turned its attention to a health-care pool based on the success of a $61 billion fund started in 2010 that provides medical coverage for more than 750,000 retired auto workers. The UAW Retiree Medical Benefits Trust has cut drug costs, added preventive care and restored benefits such as dental and vision while also increasing assets. (Naughton, 9/2)
