[geeks] The ugly insurance rant...

[Lionel Peterson]

>From: Hicheal Morton <mh1272 at gmail.com>
>Date: 2007/08/27 Mon PM 09:07:36 CDT
>To: The Geeks List <geeks at sunhelp.org>
>Subject: Re: [geeks] The ugly insurance rant...

<snip>

>When I worked for Federal
>Express (1992-1996), our manager told us that if medical costs were not
>controlled, in 10 years all the money earned by Federal Express would go for
>medical costs--no gas, no planes, no trucks, no nothings.

GM announced a year or so ago that this was thier fate as well, they had become a health insurance company that made cars to subsidise the health care of retirees.

IMHO the auto Mfgs. let the unions beat them into this position - I blame both sides for not "running the numbers"...

Lionel