The former CEO of GE pinpoints the moment he realized healthcare was his problem (GE)

• Jeff Immelt, the former CEO of General Electric, can pinpoint the day he understood that employee healthcare was his problem. 
• Large employers like GE are on the hook for the healthcare expenses of their employees. 
• In 2009, Immelt realized GE was spending $3 billion annually on employee healthcare, which was more than the company's healthcare unit was even earning. 
• "If you employ a workforce and offer benefits, your business IS a healthcare business," Immelt wrote on LinkedIn. 

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Jeff Immelt's employee healthcare problem began in 2009. 

Immelt, then the CEO of General Electric, learned that his company had spent $3 billion annually on healthcare for employees. That was more than the company's healthcare unit was making, and was more than the company had spent on steel. See the rest of the story at Business Insider

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