A bill to amend the Social Security Act to freeze medicare deductibles.

Provides that the inpatient hospital deductible under title XVIII (Medicare) of the Social Security Act shall be increased from $40 to $92 in the case of any spell of illness beginning before 1977.

Sets forth a formula for adjusting the impatient deductible for subsequent years, equal to $92 multiplied by the ratio of the current average per diem rate for inpatient hospital services for the preceding year to the current average per diem rate for such services for 1974.