Beckers Hospital Review | August 14, 2023

In 2006, Warren Buffett quipped that, “GM is a health and benefits company with an auto company attached.”1 America’s largest car manufacturer had just announced that the medical bills of its employees and retirees cost the self-insured company around $7 billion that year, compared to only $2.2 billion in net revenues on total revenues of $207 billion.2

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