S 2414
110th Congress
Senate
Health
Drugs
Economics and Public Finance
Income
Insurance premiums
Medicare
Prescription pricing
Social Welfare
Subsidies
Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2007
Introduced: December 5, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2007
Read twice and referred to the Committee on Finance.
Dec 5, 2007
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1