Carmakers in for a Long Haul in Paying Retiree Health Care
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For older domestic manufacturers like General Motors, health care represents a severe financial burden.
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Changing benefits keep boomers working longer.
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Business & money: Ailing car giants push union to agree pay cuts.
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Older Americans will have to pay  about 17 percent more next year -- the largest increase in  Medicare's history -- for their government-run health  insurance, U.S. officials announced on Friday.
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The deal includes provision for the union to assume approximately $50 billion of future retiree health care costs, funded by a lump-sum payment from GM.
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Americans who previously had no health insurance rack up some expensive medical bills once they are old enough to be covered by Medicare, researchers said on Wednesday.
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Finding the cure to Detroitâs health-care ills in upcoming contract talks could prove critical to American automakersâ survival.
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Like an allowance that extends far past adolescence, parents are helping finance their childrenâs lives longer, and depleting their retirement savings in the process.
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It's a classic pocketbook issue. Since 2000, federal employees have been able to pay their health insurance premiums on a tax-free basis. Many federal retirees think they should get similar treatment.
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Most U.S. employers are planning to  further scale back health benefits offered to retirees, as  companies struggle with the upward march in the cost of medical  care and weigh increased contributions from government&#039;s  Medicare program, a survey found.
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A year and a half after Wishard Memorial Hospital&#39;s condition was grave, the Indianapolis area&#39;s safety-net health care provider for the poor is in better shape but still in need of long-term care.
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The automaker will take $1 billion charge and pay a total of $7 billion to cover retirement costs for workers at the Delphi Corporation.
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Older Americans will have to pay  about 17 percent more next year for their government-run health  insurance, U.S. officials announced on Friday.
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Most large employers will maintain prescription drug benefits for retirees after the Medicare drug insurance program begins in 2006, according to a study released Tuesday.
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People who live in sprawling metropolitan areas are paying a health toll for all that time spent sitting in cars instead of walking.
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Money is running out for some local governments who use pension funds to help pay for retired workersâ health care.
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The federal Securities Exchange Commission has asked General Motors, Ford and Navistar Corp., a maker of trucks and engines, to provide financial information about their pension and post-retirement healthcare plans.