Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007
Official title: A bill to amend title XVIII of the Social Security Act to require wealthy beneficiaries to pay a greater share of their premiums under the Medicare prescription drug program.
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Read twice and referred to the Committee on Finance.
Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to require an income-related reduction in the part D premium subsidy.
Declares that, in the case of an individual whose modified adjusted gross income exceeds a certain applicable threshold amount for a month after December 2008, the monthly amount of the part D premium subsidy shall be reduced (and the monthly beneficiary premium shall be increased) by the monthly adjustment amount determined according to a specified formula.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2414: Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2414/
"S. 2414: Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2414/.
S. 2414, 110th Cong. (2026), https://openamerica.io/bill/110-S-2414/.
[S. 2414: Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007](https://openamerica.io/bill/110-S-2414/)