Improved Medical Care for Troops and Retirees Act

Improved Medical Care for Troops and Retirees Act - Amends title XVIII (Medicare) of the Social Security Act, Federal armed forces law, the National Defense Authorization Act for Fiscal Year 1998, and the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 to provide, among other things, for: (1) making permanent the current Medicare subvention demonstration project for military retirees and dependents; (2) extending the Federal Employees Health Benefits Optional Demonstration Project; (3) entitling family members of members of the armed forces assigned to certain duty locations far from sources of care to the medical and dental care otherwise available to such member in any facility of any uniformed service; (4) requiring the pharmacy benefits provided under the redesigned pharmacy system under the TRICARE program (a managed health care program of the armed forces) to be at least equivalent to those provided under the National Defense Authorization Act for Fiscal Year 1993; and (5) eliminating copayments under TRICARE Prime, and imposing a reduction in the catastrophic cap under TRICARE Standard and TRICARE Extra. Authorizes appropriations for the redesigned pharmacy system under the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999.