Union-controlled Health Care VEBA a License to Steal?
Posted on September 29, 2007 at 6:45 am by WTH
TTAC’s best and brightest were not slow off the mark on this one: GM’s plan to put $50b into the hands of the United Auto Workers for a union-controlled health care superfund could lead to epic fraud, leaving union members without adequate coverage. The Director of the National Legal and Policy Center’s Organized Labor Accountability Project and editor of Union Corruption Update sounds the alarm. “Union-controlled health and benefit plans often shortchange union members and retirees,” Dr. Carl Horowitz warns. “Instead of getting the best deal for participants, these plans are often characterized by cozy, inside deals beneficial to the union bosses, and on occasion, organized crime. With the staggering size of this proposed health fund, the UAW bosses must be salivating.” In case you didn’t notice, Dr. Horowitz (who still has both legs intact) thinks Congress should hold hearings on the health care deal– or else. “Neither GM nor the UAW can be counted on to act in the best interests of workers. Putting the union in charge of this health fund creates a potentially huge conflict of interest for UAW leaders.”
Go here to hear the interview with Dr. Horowitz.
