National Catastrophic Health Insurance Program Act of 1981

Summary

National Catastrophic Health Insurance Program Act of 1981 - Title I: Catastrophic Health Insurance Program - Establishes title XXI (National Catastrophic Health Insurance Program) of the Social Security Act to provide catastrophic illness insurance benefits to all individuals, their spouses and dependents whose combined resources are less than $50,000 for their most recent previous tax year. Provides for exclusions from resources in determining eligibility. Establishes the Federal Catastrophic Health Insurance Trust Fund to finance payments for health care services under this Act and provides for a board of trustees to manage the fund. Title II: Tax on Removal of Natural Resources from Federal Lands - Amends the Internal Revenue Code of 1954 to impose a tax upon individuals who remove natural resources from Federal lands of ten percent of such resources removed. Provides that 100 percent of the revenues collected through such tax shall be deposited in the Federal Catastrophic Health Insurance Trust Fund.

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1 official file

• Introduced in House

  summary · EN · 7 April 1981

  Open at official source

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