Social Security Amendments

Summary

Social Security Amendments - Provides for a 15 percent increase in Old-Age, Survivors, and Disability Insurance benefits under title II of the Social Security Act. Establishes a $120 minimum primary insurance amount. Provides that an increase of earnings shall be counted for social security benefit and tax purposes under the Internal Revenue Code when it exceeds a specified base salary. Provides for full OASDI benefits for men at age 60 and for women at age 55. Provides that the benefit computation shall be based on an individual's 5 years of highest earnings. Provides for an increase in dropout years (in determining the average monthly wage for computing the primary insurance amount) for individuals with 40 quarters of coverage. Provides for wife's and widow's benefits without regard to age in cases of disability. Revises the definition of disability under title II of the Social Security Act. Provides that an individual shall be insured for disability insurance benefits in any month if he would have been a fully insured individual had he attained retirement age and filed application for benefits under the Social Security Act. Lowers the waiting period or time requirement for eligibility in disability cases. Provides for the financing of the supplementary medical insurance program from general revenues. Provides for the coverage of prescription drugs under the supplementary medical insurance program for the aged under title XVIII of the Social Security Act (Medicare). Requires that drugs provided by or under programs receiving Federal financial assistance pursuant to titles I, IV, X, XIV, XVI, XVIII and XIX of the Social Security Act must be prescribed and furnished on a nonproprietary or generic basis. Authorizes and directs the Secretary of Health, Education, and Welfare to study: (1) the existing need for programs making comprehensive prenatal and infant care services available to all mothers and children in the United States, and (2) the feasibility of utilizing the medicare program, or other programs embodying the approach of medicare program, to meet this need more effectively.

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Timeline

1. 3 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1973

  Open at official source

Sponsors

• Rep. Dingell, John D. [D-MI-16] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Social Security Amendments