Medicare Beneficiary Prescription Drug Assistance and Stop-Loss Protection Act of 2000

Medicare Beneficiary Prescription Drug Assistance and Stop-Loss Protection Act of 2000 - Amends the Social Security Act (SSA) to add a new title XXII (Outpatient Prescription Drug Assistance Program) to provide funds to enable States to establish a program of assistance (separate from Medicaid under SSA title XIX) to low-income Medicare (SSA title XVIII) beneficiaries and, at State option, Medicare beneficiaries with high drug costs to obtain coverage for outpatient prescription drugs. Makes appropriations. Directs the Secretary of Health and Human Services to provide for a Medicare outpatient prescription drug benefit program that provides medication therapy management benefits. Allows low-income Medicare beneficiaries and Medicare beneficiaries with high drug costs to elect to suspend Medicare supplemental (Medigap) insurance.