To amend the Social Security Act to establish a new program to provide for the health care needs of the elderly, and for other purposes.

[AI summary unavailable — showing source text] Amends the Social Security Act to establish a title XXI titled "Health Care Coverage for the Elderly." Prohibits such title from being construed as authorizing Federal officers or employees to supervise or control the provision of medical or health services. Establishes an Elderly Health Financing Authority (Authority) to be governed by a Board responsible for the operation of the title XXI program. Sets forth the duties of such Board, which shall include: (1) making recommendations to the Congress on the adequate level of health care benefits under title XXI; (2) annually proposing to the Congress any changes necessary to maintain the fiscal integrity of the program; (3) qualifying and reviewing the qualifications of private health care benefit plans for participation in such program; and (4) distributing annual health care vouchers to eligible individuals for the purchase of qualified private health care benefit plans. Increases the age of eligibility for title XXI benefits from 65 to 67 over the nine-year period following enactment of this Act. Requires the Administrator of the Board to provide beneficiaries with an annual health care voucher for the purchase of a qualified priv…