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Health Care Costs Pose Challenge for GM

By Jack Speer
Published April 8, 2005 at 12:00 AM EDT

General Motors recently had to announce that its earnings for the current year would fall far short of expectations. One problem for the automaker is health care costs: GM will pay in excess of $5 billion this year to insure its workers and retirees.

Copyright 2005 NPR
Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.