A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for basic health insurance premiums and a deduction from gross income for certain additional medical expenses, and to amend title XIX of the Social Security Act to encourage every State to furnish private health insurance plans or policies to pay for medical care for the needy and indigent.
Basic Health Insurance Tax Credit and Medical Assistance Act - Amends the Internal Revenue Code to provide a refundable tax credit for expenses incurred in providing health insurance for the taxpayer, his spouse and dependents. Extends the income tax deduction for medical care to include all expenses greater than $500. Amends Title XIX (Medicaid) of the Social Security Act to allow States to furnish private health insurance plans approved by the Secretary of Health, Education, and Welfare. Directs the Congressional Budget Office to make, and submit to Congress before October, 1980, a report concerning the feasibility of the credit allowed under this Act as a replacement for other Federal health assistance programs.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to House Committee on Interstate and Foreign Commerce.
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