A bill to amend the Social Security Act and the Internal Revenue Code of 1986 to modify beginning in 1990 the funding mechanism for medicare catastrophic coverage by repealing the increase in the part B premium and the imposition of a supplemental premium and funding such coverage by eliminating the limit on wages or self-employment income subject to the hospital insurance tax and through general revenues.
Medicare Catastrophic Coverage Refinancing Act of 1989 - Amends the Internal Revenue Code and part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to repeal the supplemental Medicare premium and the part B monthly premium increase authorized by the Medicare Catastrophic Coverage Act of 1988. Provides funding for Medicare catastrophic coverage from the general fund in the Treasury and by eliminating the limit on wages or self-employment income subject to the hospital insurance tax.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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