National Catastrophic Health Insurance Program Act

Summary

National Catastrophic Health Insurance Program Act - 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. 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. Amends the Internal Revenue Code of 1954 to impose a tax upon individuals who remove natural resources from the Federal lands of ten percent of such resources removed and provides that 100 percent of the revenues collected from such tax shall be deposited into the Federal Catastrophic Health Insurance Trust Fund.

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1 official file

• Introduced in House

  summary · EN · 28 July 1977

  Open at official source

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