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THE WHITE HOUSE WASHINGTON April 22, 1971 INFORMATION MEMORANDUM FOR: THE PRESIDENT FROM: KEN COLE SUBJECT: Health Insurance Following your meeting this morning with Congressmen Byrnes and Ford we established a procedure to help Rep. Byrnes write an amendment to the Administration's health insurance proposal which will subsidize small business for part of the cost of insurance. Gerry Ford and Byrnes will introduce the bill sometime during the next week. This afternoon Senator Bennett introduced the Adminis- tration's Health Insurance bill. Cosponsors included: Bennett, Jordan (Idaho) : i Hruska, Hansen, Fannin, Scott and Griffin. In the section of the speech discussing the small business formula and which concerns Rep. Byrnes, Senator Bennett said in his speech: "I understand that a bill will be introduced in the House next week which will contain a different formula for dividing this insurance cost but to me this is not crucial because the committees could normally be expected to con- sider and perhaps adopt changes anyway. " Senator Bennett telephoned Rep. Byrnes and read him that paragraph and also told him that the first line in Senator Bennett's speech said, "I introduce today the Administration's Health Insurance bill " Summary: This is a very happy solution to all concerned. The President is protected. Senator Bennett is satisfied. Rep. Byrnes seems satisfied. Elliot Richardson is satisfied and has been clued in for Monday's hearing.