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          <title>WashingtonWatch.com - Revisions for H.R. 1536, The Prescription Coverage Now Act of 2007</title>
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<title>Revision by webmaster (July 21, 2007, 18:12:02)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_1536.html?rev=5101</link>
<description>&lt;p&gt;H.R. 1536 would amend part D of title XVIII of the Social Security Act to assist low-income individuals in obtaining subsidized prescription drug coverage under the Medicare prescription drug program by expediting the application and qualification process and by revising the resource standards used to determine eligibility for such subsidies.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Prescription Coverage Now Act of 2007 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Service to provide for an expedited process for the qualification for low-income assistance through a request to the Secretary of the Treasury for tax return and other information sufficient to identify: (1) whether the individual involved is likely eligible for subsidies; and (2) the amount of premium and cost-sharing subsidies for which they would qualify based on such information.&lt;/p&gt;

&lt;p&gt;Provides for modification of resource standards for determination of eligibility for low-income subsidy and revision of income and asset rules.&lt;/p&gt;

&lt;p&gt;Requires indexing of deductibles and cost-sharing above the annual out-of-pocket threshold for individuals with income below 150% of the poverty line.&lt;/p&gt;

&lt;p&gt;Requires screening by the Commissioner of Social Security for eligibility under Medicare savings programs.&lt;/p&gt;

&lt;p&gt;Creates a special enrollment period for subsidy eligible individuals.&lt;/p&gt;

&lt;p&gt;Waives the late enrollment penalty for subsidy eligible individuals.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 3/15/2007: Referred to House committee. Status: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<guid isPermaLink="false">5101@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 21 Jul 2007 17:12:02 EDT</pubDate>
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<item>
<title>Revision by webmaster (July 21, 2007, 18:12:02)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_1536.html?rev=5102</link>
<description>&lt;p&gt;H.R. 1536 would amend part D of title XVIII of the Social Security Act to assist low-income individuals in obtaining subsidized prescription drug coverage under the Medicare prescription drug program by expediting the application and qualification process and by revising the resource standards used to determine eligibility for such subsidies.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Prescription Coverage Now Act of 2007 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Service to provide for an expedited process for the qualification for low-income assistance through a request to the Secretary of the Treasury for tax return and other information sufficient to identify: (1) whether the individual involved is likely eligible for subsidies; and (2) the amount of premium and cost-sharing subsidies for which they would qualify based on such information.&lt;/p&gt;

&lt;p&gt;Provides for modification of resource standards for determination of eligibility for low-income subsidy and revision of income and asset rules.&lt;/p&gt;

&lt;p&gt;Requires indexing of deductibles and cost-sharing above the annual out-of-pocket threshold for individuals with income below 150% of the poverty line.&lt;/p&gt;

&lt;p&gt;Requires screening by the Commissioner of Social Security for eligibility under Medicare savings programs.&lt;/p&gt;

&lt;p&gt;Creates a special enrollment period for subsidy eligible individuals.&lt;/p&gt;

&lt;p&gt;Waives the late enrollment penalty for subsidy eligible individuals.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 3/16/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Health.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<pubDate>Sat, 21 Jul 2007 17:12:02 EDT</pubDate>
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