US Congress Senate Bill 1198 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 20 2013 - 25% progression, died in committee
Action: 2013-06-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Medicare Fair Share Act of 2013 - Amends part B (Supplemental Medical Insurance) of title XVIII (Medicare) of the Social Security Act with respect to adjustments to Medicare parts B and D (Voluntary Prescription Drug Benefit Program) premiums for high income beneficiaries to reduce from $80,000 to $50,000 the threshold amount for 2015 and subsequent years for determining the monthly amount of the premium subsidy (for high-income beneficiaries) applicable to Medicare parts B and D premiums. Requires reduction of the monthly amount of the Medicare parts B and D premium subsidies (and corresponding increase in the monthly premium amount) for individuals whose modified adjusted gross income exceeds the threshold amount by specified applicable percentages for modified adjusted gross incomes in certain ranges starting at $50,000 (40%) and ending at $196,000 (90%). Extends the temporary adjustment to income thresholds from December 31, 2019 through December 31, 2023.

Medicare Fair Share Act of 2013

Sen. Claire McCaskill [D-MO]

Sen. Tom Coburn [R-OK]

Date	Chamber	Action
2013-06-20	Senate	Read twice and referred to the Committee on Finance.

SB11 (Related) 2013-02-26 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1198/all-info
Text	https://www.congress.gov/113/bills/s1198/BILLS-113s1198is.pdf