Confessions of a Corporate Insider: Why Big Business Opposes Market-Based Medical Care.

Confessions of a Corporate Insider: Why Big Business Opposes Market-Based Medical Care.

In 1955, the president of General Motors, Charles Wilson, made this famous remark at a Senate hearing: “What’s good for the country is good for General Motors, and vice versa.” Now, 51 years later, what’s good for General Motors is not good for the country. That’s because what’s good for GM in the short term is to offload its pension liabilities on the public and to nationalize its medical costs. If national health care were enacted tomorrow, there is no doubt that GM executives Would be dancing on their desks in Detroit.

Confessions of a Corporate Insider: Why Big Business Opposes Market-Based Medical Care.

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