No, really, I couldn’t make this shit up if I tried!
So…should we still bail them out?
Looks like there was an agreement today to give them a $25 Bil retooling package under this admin. and any help beyond that (which will be needed as sure as I’m sitting here typing this) will be up to Obama’s administration. That will be interesting because we will have seen what they did with the first $25 billion and if they turn out to have used it to keep flying on private jets, giving bonuses to execs, buying Viagra and producing Hummers, they won’t get any more cause most Americans, including those who make Hondas and Toyotas in this country, and those who have lost jobs without getting much except foodstamps, will be outraged.
GM Spends $17 Million Per Year on Viagra
Lifestyle drugs — chiefly Viagra — are costing General Motors $17 million dollars a year and the cost is passed along to car, truck and SUV consumers. The blue pill is covered under GM’s labor agreement with United Auto Workers, as well as benefit plans for salaried employees.
GM executives estimate health care adds $1,500 to the price of each vehicle but they do not break out how much of the premium is caused by erectile dysfunction expenses. GM provides health care for 1.1 million employees, retirees and dependents and is the world’s largest private purchaser of Viagra.
GM recently raised the co-pay for erectile dysfunction drugs to $18 under a new agreement with the UAW and the company has also pared benefits for salaried workers.
The automaker spends almost $5.6 billion each year on health care. While lifestyle drugs are a small fraction of the total medical bill, every health care expense is added into the price of every new vehicle and is a drag on the struggling goliath’s earnings.
Given the large number of aging autoworkers in the U.S., the industryÔøΩs Viagra tab and bill for other erectile dysfunction drugs is certain to continue rising.
Neither Ford nor Chrysler will disclose the amount spent on erectile dysfunction drugs.
While many government and company health plans have eliminated impotence drugs from coverage plans, GM has more than two retirees for every active worker on its rolls and must negotiate eliminating the drugs from the union health plan with the UAW.
I guess BUILDING Hummers isn’t as boner-inducing as driving them.
Sorry, can’t help myself. As one who’ll be paying $40 co-pays starting in January, and who can’t get her B12 shots covered AT ALL (despite the fact that without them I would slowly grow senile, paralyzed and then DIE years before my time), I’m not taking this news that well (and yes, I know this is 2006 info, but it just came out again today in the hearings on Capitol Hill and I had found a brand new way to be pissed off at GM for their whiny demands for “help”).