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DETROIT, March 6 (UPI) -- The big three automakers in the United States have trimmed their healthcare costs dramatically in the past two years and now cover 190,000 fewer people.
Privately held Chrysler LLC has trimmed its healthcare recipient list by 25,000 to 350,000 since 2005, The Detroit News reported Thursday. Ford Motor Co. has reduced the number of people it covers by 9 percent. General Motors Corp, has managed to trim 100,000 from its benefit ranks, the newspaper reported.
In total, the U.S. car makers spent $2.1 billion less on healthcare in 2007 than they did in 2005, now paying $11 billion a year.
The reductions began with union concessions at Ford and GM in 2005, the News said. Ford began its first hourly employee contribution to health benefits at $752 a year. It has since added to deductibles and increased contributions for family insurance. In January, GM increased its maximum for hourly employee contributions from $3,000 to $4,000.
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