UAW Retiree Medical Fund Reports $20.7B Shortfall

#hashtags: #United Auto Worker #Bloomberg #Automotive News

A United Auto Worker retiree medical fund created to reduce healthcare costs and increase services for more than 700,000 people reported a $20.7 billion difference between assets and future liabilities, Bloomberg reported Wednesday (via Automotive News). The shortfall increased by more than $16 billion over the last report. A similar system proposed for Fiat Chrysler […]