Medical Excellence Demonstration Program Act of 2001

Medical Excellence Demonstration Program Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services to establish a demonstration program under which the Secretary conducts population-based demonstration projects to test the use of providing incentives to comprehensive centers for medical excellence that: (1) eliminate underuse of effective care by beneficiaries; (2) ensure the safety of care provided to such individuals; (3) reduce scientific uncertainty in the delivery of care through outcomes measurement and research; (4) encourage shared decision-making for specific treatments and the management of chronic disease and end-of-life care; (5) encourage resource allocation decisions based on efficient practice benchmarks; (6) promote the conservative delivery of care when more intensive care is wasteful if not harmful; and (7) reward such centers for improving the quality of care and achieving efficient allocation of resources.

Directs the Secretary to establish: (1) a Medicare claims-based information system that links individual sites and providers benchmarks for evaluating health care quality and efficiency; and (2) within the Department of Health and Human Services a National Steering Committee for Comprehensive Centers for Medical Excellence Demonstration Projects to recommend the design of such demonstration program and to provide a forum for coordination of Federal support for it.