Medicare Part B Catastrophic Protection Act of 1987
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Medicare Part B Catastrophic Protection Act of 1987 - Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to cover all of the out-of-pocket part B expenses a beneficiary incurs in excess of $1,000 in 1988, adjusting such ceiling annually thereafter to reflect cost-of-living increases. Provides for the adjustment of Medicare payments to organizations providing health care on a prepaid basis so as to reimburse them for such excess out-of-pocket costs incurred on behalf of enrollees.
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