Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Mar 24, 1999
Medicare Prescription Drug Coverage Act of 1999 - Directs the Secretary of Health and Human Services to conduct a study for a report to Congress on establishment of an outpatient prescription drug benefit under Medicare (title XVIII of the Social Security Act (SSA)) that provides for full outpatient prescription drug coverage for Medicare beneficiaries. Amends SSA title XVIII to: (1) provide for the transfer of Federal estate tax revenues to the Federal Hospital Insurance Trust Fund under Medicare in order to offset the costs of the prescription drug benefit above; and (2) establish in the Trust Fund an expenditure account, the Outpatient Prescription Drug Account, to receive such Federal estate tax revenues, to pay for outpatient prescription drugs furnished under this Act.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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