It's a financial crisis expected to explode in the next 20 years as baby boomers join the ranks of senior citizens, who consume the lion's share of pills. With about four retirees for every active employee, GM is a harbinger of the problem the United States will face in coming years.Other industrialized nations have also negotiated price ceilings with pharmaceutical companies, something else the corrupt US Congress has failed to do.
When a year's supply of some cancer drugs costs more than a $50,000 Cadillac DTS, General Motors and the rest of the country have a problem.
GM complains that healthcare costs are having a huge effect on their bottom line. A single-payer healthcare system would reduce or eliminate this problem allowing them to pay higher wages to their workers and still make a substantial profit.