S.3703 - Medicare Prescription Drug Lifeline Act of 2006109th Congress (2005-2006)
|Sponsor:||Sen. Snowe, Olympia J. [R-ME] (Introduced 07/20/2006)|
|Committees:||Senate - Finance|
|Latest Action:||07/20/2006 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.3703 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in Senate (07/20/2006)
Medicare Prescription Drug Lifeline Act of 2006 - Directs the Secretary of Health and Human Services to establish a process under which an individual may terminate enrollment in the prescription drug plan or the Medicare Advantage Prescription Drug (MA-PD) Plan in which he or she is enrolled and enroll in any prescription drug plan or MA-PD Plan serving the area where the individual resides that provides some coverage of covered part D (Voluntary Prescription Drug Benefit Program) drugs after the individual has reached the initial coverage limit but not yet the annual out-of-pocket threshold.
Sets forth a special rule permitting applicable individuals to enroll in a prescription drug plan outside the region in which they reside.
Directs the Comptroller General to study and report to Congress on: (1) the costs to the Medicare program of eliminating the initial coverage limit and providing specified standard prescription drug coverage until the individual reaches the annual out-of-pocket threshold; and (2) the adjustment to the applicable coinsurance that would be necessary to eliminate the initial coverage limit under such conditions without increasing the costs to the Medicare program.