Would Universal Health Care help save the american auto industry?
I hear a lot of complaints about mismanagment of the american auto industry, however I believe that they were making exactly what americans wanted, large cars and were making a good profit out of it. Toyota makes large SUV’s and trucks too. So why are they (Toyota and other) doing relatively fine when american car companies are not?
Legacy costs. Japan has universal health care. And their “transplant” factories in america, do not have pensions. So they are not shackled with the legacy costs that the US automakers are with UAW contracts and pensions. A huge portion of the legacy costs are attributed to health insurance. If they were able to get ride of the health care costs due to a universal system. Would that not greatly help their bottom line?
In most countries, a universal health plan, without discussing its problems, would probably help its auto industry. Not in the U.S. The UAW would advance the argument that they gave up their blue ribbon coverage and demand to be paid for the loss of their negotiated coverage. There is no hope for Detroit. The the party who controls congress have placed 100 percent of the blame for the Big Three’s problems on its CEOs. The UAW has been commended for its sacrifices. So, there is really no solution to Detroit’s long term problem. Bankruptcy is the best hope for survival. Not many young people would buy a Big Three car. So, the loyalty argument fails.
What some companies like Goodyear are doing is giving retirees health care coverage until they are eligible for Medicare than dropping them. This would work for the automotive industry also.
References :
In most countries, a universal health plan, without discussing its problems, would probably help its auto industry. Not in the U.S. The UAW would advance the argument that they gave up their blue ribbon coverage and demand to be paid for the loss of their negotiated coverage. There is no hope for Detroit. The the party who controls congress have placed 100 percent of the blame for the Big Three’s problems on its CEOs. The UAW has been commended for its sacrifices. So, there is really no solution to Detroit’s long term problem. Bankruptcy is the best hope for survival. Not many young people would buy a Big Three car. So, the loyalty argument fails.
References :
Indeed it would help. In Canada, it only costs about $150 a month to insure an auto worker and their entire family. And nothing if they are laid off or retire.
And contrary to what you hear, Canadian coverage is as good as a good HMO in the US. Not as good as the best US coverage but as good as most insured Americans have.
This would save the US automakers billions a year.
References :
To Be honest,It will take a little time to find the answer for the question of yours.have a look at the resource here http://www.HealthInsuranceIdeas.info/free-online-health-insurance.htm for your reference .
References :