Medicare/Medicaid Solvency Act

Summary

Medicare/Medicaid Solvency Act - Amends the Internal Revenue Code to establish in the Treasury the Tobacco Product Health Care Cost Reimbursement Trust Fund. Directs the Secretary of the Treasury to: (1) distribute amounts in the Fund to each Secretary responsible for the expenditure of Federal funds for that fiscal year (beginning with FY 1997) under titles XXVIII (Medicare) and XIX (Medicaid) of the Social Security Act or any other Federal program for the payment of health care costs for individuals with diseases attributable to the use of tobacco products; and (2) pay administrative expenses of the Fund. Requires each manufacturer of tobacco products to pay to the Fund an annual contribution based on the total amount of tobacco-related Federal health care costs in proportion to that manufacturer's share of the tobacco market.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 March 1995

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 March 1995

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• Introduced in Senate

  summary · EN · 22 March 1995

  Open at official source

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