GE Feels Pinch Of Drop In Advanced Medical Imaging
The Wall Street Journal: GE Feels Its Own Cuts
General Electric Co.'s $18 billion health-care business is being forced to navigate a slowdown in medical imaging—one that in some ways has been aggravated by GE itself. GE put its 85,000 U.S. white-collar workers on a high-deductible health plan in an effort to stem the growth of its U.S. health bills, which are now running $2.5 billion a year. In the first two years after the plan went into effect, use of advanced imaging including MRIs and CT scans has dropped by as much as a quarter, as covered employees' overall use of health services fell, according to the company (Linebaugh, 9/17).