April 16, 2006
In biotech terms, it’s called ED. At our house it’s called Friday night. Regardless, the problem with erectile dysfunction doesn’t stop at the bedroom door for the world’s biggest automaker. GM, the Detroit News reports, spends about $17 million a year on prescription coverage for erectile-dysfunction remedies like Viagra and Cialis, for the benefit of its insured workforce. So-called “lifestyle” drugs add up in GM’s annual healthcare tab of $5.6 billion, and coverage of Viagra and the like are examples that GM is using to show how its costs are raging out of control. GM, in addition to being the biggest automaker, has also become the world’s largest private purchaser of Viagra since its health plan with the UAW includes the drug. So the next time you shop for a GM vehicle and look at the sticker price, make sure to include those rebates — and throw in $1500 or so for other stiff penalties.
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