A bill to limit the medicare inpatient hospital deductible.

States that under the Medicare provisions of the Social Security Act the inpatient hospital deductible shall be $72 in the case of any spell of illness beginning before 1975.

Directs the Secretary of Health, Education, and Welfare to, between July 1 and October 1 of 1974, and of each year thereafter, determine and promulgate the inpatient hospital deductible which shall be applicable in the case of any spell of illness beginning during the succeeding calendar year.

Provides that such inpatient hospital deductible shall be equal to $72 multiplied by the ratio of (A) the current average per diem rate for inpatient hospital services for the calendar year preceeding the promulgation, or (B) the current average per diem rate for such services for 1972.