UAW and Health Care
The UAW is about to become one of the country’s biggest purchasers of health care.
Under the agreement, responsibility for the retiree health plan willshift to a Voluntary Employees’ Beneficiary Association managed by theunion. Details about how the VEBA will be funded have not beendisclosed. But it is expected to involve a one-time payment of as muchas $35 billion by GM, providing the union with money to invest and useto pay for
