Things Get Worse

With the economic slowdown ramping up, health insurance hardships are on the rise. About 100,000 General Motors white collar retirees have learned that their premium GM medical benefits program is to come to an end at the end of 2008.

The company, fighting to stay alive, is trying to stem a $2 billion a month loss and the termination of these benefits are part of that savings program. Factory retirees are not affected because of union contracts.