Preserving Medicare for All Act of 2004

Summary

Preserving Medicare for All Act of 2004 - Amends title XVIII (Medicare) of the Social Security Act, as amended by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, to repeal provisions prohibiting the Secretary of Health and Human Services from interfering with the negotiations between drug manufacturers and pharmacies and prescription drug plan sponsors and from requiring a particular formulary to institute a price structure for the reimbursement of covered Medicare part D drugs. Includes for the Medicare part D (Voluntary Prescription Drug Benefit Program) eligible individual as a choice of coverage, in addition to the current choice of coverage in at least two qualifying plans in the area in which the individual resides, a choice of enrollment in a nationwide prescription drug plan offered by the Secretary (to replace enrollment in a fallback prescription drug plan in any case in which such plans are not available). Directs the Secretary, through the Administrator of the Centers for Medicare & Medicaid Services, to take such steps as may be necessary to qualify and serve as a prescription drug plan sponsor and to offer a prescription drug plan that offers basic prescription drug coverage throughout the United States and has a premium of $35 for 2006. Requires such a plan to be in addition to, and not in lieu of, other prescription drug plans offered. Provides for full reimbursement for employers for the cost of qualified retiree drug coverage and permits their costs to count towards senior's catastrophic limits. Abolishes the comparative cost adjustment program. Eliminates the MA Regional Plan Stabilization Fund. Repeals cost containment provisions.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 January 2004

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• Introduced in House (PDF)

  Introduced in House · EN · 20 January 2004

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• Introduced in House

  summary · EN · 20 January 2004

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