Medicare Prescription Drug Act of 2000

[AI summary unavailable — showing source text] Medicare Prescription Drug Act of 2000 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to add a new part D (Prescription Drug Benefit for the Aged and Disabled) outlining the following program components: (1) establishment of a voluntary insurance program, administered by the Director of the Office of Personnel Management, to provide prescription drug benefits for individuals who are aged or disabled or have end-stage renal disease and who elect to enroll under such program, to be financed from enrollee premium payments together with contributions from Federal appropriations; (2) scope of benefits; (3) payment of benefits and benefit limits; (4) eligibility and enrollment; (5) monthly premium rates; (6) special eligibility, enrollment, and co-payments rules for low-income individuals; (7) creation within the Federal Supplemental Medical Insurance Trust Fund of the Prescription Drug Insurance Account for payments; (8) administration of benefits through benefit managers; (9) authorization for the Employer Incentive Program to encourage employers to provide adequate prescription drug benefits to retired individuals by subsidizing, in part, the sponsor's cost of provid…