Catherwood LibraryILR School

For years, General Motors has said it supports the United Automobile Workers union in its push for change in the nation?s health care system. Now the UAW has persuaded GM to put its money where its mouth is. In a labor agreement reached last week between the company and the union, GM has agreed to spend up to $15 million over the next few years to create a National Institute for Health Care Reform. The pledge is contained in contract language that creates a voluntary employee benefit association, or VEBA, a health care trust that would take responsibility for GM?s $55 billion liability for benefits covering GM employees, retirees and their families.