[THIS IS THE PERIODIC BRIEFING FROM THE WHITE HOUSE TO ITS OFFICIALS AND OTHER SUPPORTERS OF ITS HEALTH-REFORM PROGRAM. IT PROVIDES AN INSIDE LOOK AT HOW THE ADMINISTRATION IS PROMOTING ITS PLAN. THIS ITEM WILL ALWAYS HAVE THE SAME SUBJECT LINE (WITH DIFFERENT DATES) SO YOU CAN EASILY SKIP IT IF YOU DO NOT WISH TO READ IT. -- Steve Freedkin , LIST.HEALTHPLAN Administrator] The White House Health Care Reform Today February 10, 1994 * The following is a transcript of yesterday's Senate Finance Committee hearings at which Congressional Budget Office Director Robert Reischauer testified on the impact of the President's approach to health care reform. * SEN. MITCHELL : "That is to say, that the president's plan will achieve universal health insurance coverage, will reduce health care spending as a percentage of the gross domestic product, and will achieve long- term deficit reduction? * MR. REISCHAUER: If it's implemented according to the legislative language, that is correct; it would achieve all three of those objectives. * SEN. MITCHELL: So -- so that if I may summarize your responses to these three questions, if the president's plan were adopted and implemented, all Americans would be insured against the crisis of health care -- * MR. REISCHAUER: Yes. * SEN. MITCHELL: -- health care spending as a percentage of the gross domestic product would decline -- * MR. REISCHAUER: Yes. * SEN. MITCHELL: -- long-term deficit reduction wouldbe achieved -- * MR. REISCHAUER: Yes. * SEN. MITCHELL: -- cost to business would decline by $90 billion in the year 2004 -- estimated -- * MR. REISCHAUER: Estimated, yes. * SEN. MITCHELL: -- and the wages of American workers would increase by an amount close to $90 billion a year. * MR. REISCHAUER: Correct. * SEN. MITCHELL: So that all Americans would be insured, the deficit would be going down, health care spending as a percentage of the Gross Domestic Product would be going down, and the wages of American workers would be increased by up to or close to $90 billion a year. Is that correct? * MR. REISCHAUER: That is the judgment that we reached.