To amend title XVIII of the Social Security Act to eliminate all the deductibles, coinsurance, and time limitations presently applicable to benefits there-under, to eliminate medicare taxes as the method of financing hospital insurance benefits and premium payments as the medical insurance benefits(so that all benefits under such title will be financed from general revenues), and to provide payment for eye care, dental care, hearing aids, prescription drugs, prosthetics, and certain other items not now covered.

Eliminates all the deductibles, coinsurance, and time limitations presently applicable to benefits under title XVIII of the Social Security Act (Medicare).

Eliminates medicare taxes as the method of financing hospital insurance benefits and premium payments as the method of financing supplementary medical insurance benefits so that all benefits under title XVIII will be financed under general revenues.

Extends coverage under title XVIII to eye care, dental care, hearing aids, prescription drugs, prosthetics, and various other items not now covered.