Healthcare cost is killing the business sector and job growth and everything else as we speak.
From an article today speaking of how GM has reported earning is 05 will be 80% LESS than expected.
While we have made good progress in reducing costs over the last several years, the projected loss in North America reinforces our need to do much more, particularly in the area of health care," said GM Chief Financial Officer John Devine in a statement.
"One of the issues we've had for North America is the increasing drag or health-care costs on North American profitability," Devine added on the conference call with Wagoner.
"I don't have any silver bullets on heath care ... but clearly I think the weakening profitability this year has focused on our need to make progress on health care."
