Excerpt from Health Reform and U. S. Business Competitiveness: Hearing Before the Subcommttee on Health for Families and the Uninsured of the Committee on Finance, United States Senate, One Hundred Third Congress, First Session, January 12, 1994
Senate, Subcommittee on Health for Families And The Uninsured, Committee on Finance, Washington, DC. The hearing was convened, pursuant to notice, at10:10 a.m., in room Sd-215, Dirksen Senate Office Building, Hon. Donald W.Riegle, Jr. (chairman of the subcommittee) presiding. The press release announcing the hearing follows: Press Release No. H-1, January 8, 1994 Finance Subcommittee to Hold Hearing on Health Reform and U.S. Business Competitiveness Washington, DC Senator Donald W.Riegle (D-Mi), Chairman of the Committee on Finance Subcommittee on Health for Families and the Uninsured, announced today that the Subcommittee will hold a hearing on the impact of health reform on the competitiveness of American businesses. The hearing is scheduled for10:00 A.M. on Wednesday, January 12, 1994, and will be held in room Sd-215 of the Dirksen Senate Office Building. In announcing the hearing, Sen. Riegle stated: American cornpanies are having trouble competing in our global economy, partially because of their high health care costs. This hearing will explore the potential for health care reform to increase the ability of our companies to compete internationally. Opening Statement Of Hon. Donald W.Riegle, Jr., A U.S. Senator From Michigan, Chairman Of The Sub- Committee Senator RiEGLE. The committee will come to order. Let me welcome all those in attendance this morning and particularly welcome our witnesses who are here today. The purpose of our hearing in the Health Subcommittee is to examine the affect that health care reform will have on American manufacturers who are competing directly in the international market. For many years now American companies have been telling us that the high cost of providing health care for their workers is directly affecting their ability to compete in the international market economy. Clearly, the U.S. automobile industry is one vivid example of this problem, as I obviously would know quite well, representing Michigan as I do. I was told 2 years ago by the then Ceo of General Motors that General Motors alone, our largest industrial company, pays an estimated 1 percent of all the health care costs in America.
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