Medicare Rx Drug Discount and Security Act of 2001

Summary

Medicare Rx Drug Discount and Security Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to add a new part D (Voluntary Medicare Outpatient Prescription Drug Discount and Security Program). Establishes as an independent executive agency a Medicare Prescription Drug Agency, headed by a Commissioner of Medicare Prescription Drugs, who shall establish a Medicare Outpatient Prescription Drug Discount and Security Program under which an eligible beneficiary may voluntarily enroll with an eligible entity and receive described benefits, including a catastrophic benefit. Outlines enrollee protections. Makes the costs of providing program benefits payable from the Medicare Federal Supplementary Medical Insurance Trust Fund. Establishes a Medicare Competition and Prescription Drug Advisory Board. Amends SSA title XVIII part B (Supplementary Medical Insurance) to provide for the exclusion of new part D costs from the determination of the Medicare part B monthly premium. Revises Medicare supplemental health insurance (Medigap) requirements with respect to revision of the 1991 National Association of Insurance Commissioners Model Regulation to accord with this Act.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 July 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 July 2001

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• Introduced in Senate

  summary · EN · 25 July 2001

  Open at official source

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