Pharmaceutical Aid to Older Americans Act

Pharmaceutical Aid to Older Americans Act - Amends the Older Americans Act of 1965 to authorize the Assistant Secretary for Aging within the Department of Health and Human Services to award grants to States to provide and administer State pharmacy assistance programs (programs that provide coverage for prescription drugs for poor older Americans who are not eligible for medical assistance under either Medicaid (title XIX of the Social Security Act) or under any other pharmacy assistance program). Provides a grant priority for programs that provide services for underserved populations or populations residing in rural areas. Requires at least $250,000 to be awarded to each eligible grant State and limits grant periods to two years. Requires at least 30 percent non-Federal matching funds.

Authorizes the Assistant Secretary to award grants to State agencies to assist such agencies or area agencies in providing and administering medication management programs ( pharmacy counseling, medicine screening, or patient or health care provider education programs for older individuals). Requires at least $50,000 to be awarded to each eligible grant State and limits grant periods to two years. Requires at least 30 percent non-Federal matching funds.

Requires each State to prepare and submit to the Assistant Secretary an evaluation of the effectiveness of its pharmacy assistance programs and its medication management programs. Requires follow-up reports from the Assistant Secretary to Congress.

Authorizes appropriations for FY 2001 through 2005.