Navigation Bar

Home -> [ Site Guide • What's New ] -> UE-GE 2003 National Negotiations -> Online Flier   

 

Download in
Adobe Acrobat
[PDF] format

UE-GE National Contract Negotiations • Online Flier #3

GE's Bad Medicine

Fresh from sticking employees and retirees with big co-pay increases in Health Care Preferred (HCP), it’s clear GE wants even more medical cost shifting in upcoming negotiations.

A recent GE publication stated that "we need to be mindful of cost-sharing between the Company and employees and retirees" and that GE "must evaluate and establish appropriate cost-sharing provisions". Translated, this means GE wants higher contributions out of pay and other pocket-picking items directed at both active employees and our retired brothers and sisters.

HEY GE: WE DO MIND!

As was demonstrated last January 14 and 15, GE workers are fed up with the Company’s relentless cost shifting. And it’s not hard to see why we’re in no mood for another dose:

  • The average GE worker in HCP with dependents now pays about $750/yr. in contributions alone. This includes 9.5 cents/hr. in deferred COLA. Higher co-pays takes our average out-of-pocket expenses for medical coverage to over $1,000/yr., and in many cases, considerably more.

  • Workers in Comprehensive Medical Benefits (CMB) are faring even worse. Contributions for those with dependents comes to about $950 annually. Add in the deductible, and medical expenses reach a whopping $1,400 a year before any co-pays are even considered!

  • GE moans about rising medical costs, but never talks about their profits which have tripled in the last ten years. In 1992, GE’s aggregate cost for medical, life, dental, and STD for active employees and pre-65 retirees amounted to about 18.1% of gross profits. Last year that figure was down to 7.3% of gross profits. So relative to profits, GE’s medical costs have declined by 59% in the last decade!

  • Our dental, vision, preventive care, and weekly STD allowances are all eroding with inflation. And post-65 retirees are now paying $148/mo. merely to be enrolled in Medicare Part B and the negotiated GE optional plans.

WE NEED A UNION REMEDY
FOR GE'S BAD MEDICINE,
including:

  • AN END TO GE INSURANCE COST SHIFTING

  • FULL HCP NEGOTIABILITY -
    NO MORE MID-CONTRACT REOPENERS

  • IMPROVED DENTAL, VISION,
    PREVENTIVE CARE, AND STD BENEFITS

  • MORE COVERAGE, NOT MORE MEDICAL
    COSTS FOR OUR RETIREES

UE Logo
United Electrical, Radio and Machine Workers of America (UE)

One Gateway Center • Pittsburgh, PA 15222 • 412-471-8919
www.ranknfile-ue.org

Download this flier in Adobe Acrobat [PDF] format [504k]

Home -> [ Site Guide • What's New ] -> UE-GE 2003 National Negotiations -> Online Flier

Home • About UE • Organize! • Independent Unions • Search • Site Guide • What's New • Contact UE
UE News • Political Action • Info for Workers • Resources • Education • Health & Safety • International • Links