A bill to amend Title XVIII of the Social Security Act to permit the recognition and use of relative value studies.

Permits the Secretary of Health, Education, and Welfare to recognize and use relative value studies in determining reasonable charges for physicians' services under the Medicare program.

Provides that the development or publication of any relative value study by a National or State private nonprofit medical organization or the use of such study by an individual or business shall not be deemed a violation of any Federal law.