S.2229 - Medicare for All Act109th Congress (2005-2006)
|Sponsor:||Sen. Kennedy, Edward M. [D-MA] (Introduced 01/31/2006)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/31/2006 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.2229 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in Senate (01/31/2006)
Medicare for All Act - Amends the Social Security Act to add a new title XXII (Medicare for All) under which: (1) each eligible individual is entitled to benefits which include the full range and scope of benefits available under the original fee-for-service program under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare), with parity in coverage of mental health benefits, subject to appropriate cost sharing; (2) each enrollee is free to choose his or her own doctor and private health plan; and (3) benefits are not less than the benefits offered to Members of Congress and Federal employees under FEHBP (Federal Employees Health Benefits Program).
Establishes the Medicare for All Trust Fund.
Amends the Internal Revenue Code to impose: (1) on the income of every individual a tax equal to 1.7% of wages received; (2) on every employer an excise tax equal to 7% of the wages paid to each employee; and (3) on the self-employment income of every individual, a tax equal to the applicable percentage of the self-employment income for such taxable year.