DETROIT (Reuters) - A healthcare trust for retired U.S. autoworkers was $33 billion short of meeting obligations to cover medical costs of those retirees at the end of 2011, newly released federal documents show. The funding shortfall of $33 billion in the second year of the healthcare trust was 63 percent higher than the gap from the previous year. Healthcare costs grew as the trust's assets shrank. The United Auto Workers Retiree Medical Benefits Trust saw the value of its assets drop about 11 percent to $52.4 billion in 2011 while the S&P 500 index was flat. ... via Health News Headlines - Yahoo! News Read More Here..
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