New car buyers paying for high drug costs! 
Author Message
 New car buyers paying for high drug costs!

General Motors is spending $1.4 billion per year on prescription {*filter*} for
its employees!

If the cost of prescriptions {*filter*} goes up 17% in one year (as expected
this year), that would be an increased cost of $230 million.

Now how much will they need to increase the cost of their cars to pay that
extra $230 million?

Story...
http://www.***.com/ ,5309,5604%7C%7CA%7C9%7C4,00.html



Tue, 21 Dec 2004 23:45:19 GMT
 New car buyers paying for high drug costs!
Well, if you look at it that way, the price of everything we buy is affected
by high drug costs, from the insurance premiums paid by the employers.
There's no reason that it would apply to cars more than any other product.

You could also look at it another way. If the medical insurance premiums
weren't so high, we would all be earning more. In other words, if GM wasn't
spending so much on medical insurance premiums, they could afford to pay the
workers higher wages, and the car prices might stay the same.

But either way, if we were in a nationalized system where the costs for
medical insurance came out of our taxes, or in the present system where it
comes out of our wages and/or added on to the price of the goods we buy, we
pay for it. And when the drug companies spend billions on advertising and
wining and dining politicians and doctors, they pass that cost on to us,
directly to the consumer for those who don't have insurance. For those who
do have insurance, we still pay for it--the drug companies charge more to
the insurance companies, the insurance companies raise their premiums, and
for the employers to pay the higher premiums (for those who have their
insurance paid fully by the employer) they have to raise prices or lower
wages.

In other words, we all pay for the outrageous prices charged by the drug
companies, even if you only pay a $5 co-pay when you pick up your
prescription.


Quote:
> General Motors is spending $1.4 billion per year on prescription {*filter*} for
> its employees!

> If the cost of prescriptions {*filter*} goes up 17% in one year (as expected
> this year), that would be an increased cost of $230 million.

> Now how much will they need to increase the cost of their cars to pay that
> extra $230 million?

> Story...
> http://www.***.com/ ,5309,5604%7C%7CA%7C9%7C4,00.html



Wed, 22 Dec 2004 14:23:45 GMT
 
 [ 2 post ] 

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