Wednesday, July 16, 2008

AUTO COMPANIES PAYING FOR THEIR STUPIDITY

Wednesday, July 16, 2008

To: The Detroit Free Press
Re: “This is a knife stab in the back”, July 16.

I was perplexed in reading “This is a stab in the back”, July 16, about retired GM white collar workers over the age of 65, losing their health benefits and “wondering about what they’d do next for health care”.

What about doing what other 65 year olds are doing for health care in the United States; Medicare. GM is increasing monthly pension checks by $300 so the retirees can upgrade to Medicare Plus benefits from local HMOs.

One of the reasons the auto companies are in such bad fiscal shape is the unwise and wasteful way they handled healthcare benefits for their retirees over 65; offering them expensive coverage when Medicare already covered them.

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