Medicare Beneficiary Coinsurance Protection Act
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Medicare Beneficiary Coinsurance Protection Act - Amends title XVIII (Medicare) of the Social Security Act concerning hospital insurance benefits for the aged and disabled to limit a beneficiary's financial liability for outpatient hospital services to 20 percent of the reasonable cost of the item or service. (Currently such liability is 20 percent of hospital charges.) Modifies the formula for calculating the beneficiary's financial liability for ambulatory surgical center, radiology, and diagnostic procedures to subtract the beneficiary's out-of-pocket payment after total payment has been calculated.
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