Title I: One-Year Delay in Implementation of Medicare Catastrophic Coverage Act of 1988 - Delays the implementation of the Medicare…

Official title: A bill to amend title XVIII of the Social Security Act and other provisions of law to delay for 1 year the effective dates of the Medicare Catastrophic Coverage Act of 1988 and to establish a Bipartisan Commission to Review the Medicare Catastrophic Coverage Act.

Title I: One-Year Delay in Implementation of Medicare Catastrophic Coverage Act of 1988 - Delays the implementation of the Medicare Catastrophic Coverage Act of 1988 for one year. Title II: Bipartisan Commission to Review the Medicare Catastrophic Coverage Act - Establishes the Commission to Review the Medicare Catastrophic Coverage Act to study: (1) the effect implementation of such Act will have on Medicare (title XVIII of the Social Security Act) beneficiaries who currently have supplementary coverage; (2) how the Act's benefits compare with the benefits provided by supplementary coverage; (3) the access Medicare beneficiaries who do not have supplementary or Medicaid (title XIX of the Social Security Act) coverage have to necessary health services; (4) the feasibility and likely cost of implementing the Act's drug benefits; and (5) the benefits and financing mechanisms which Medicare beneficiaries prefer. Directs the Commission to report its findings and recommendations to the Congress within six months of this Act's enactment.