Senior Bill of Rights Act of 2003

[AI summary unavailable — showing source text] Senior Bill of Rights Act of 2003 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to provide for a voluntary Medicare outpatient prescription medicine benefit program with a monthly premium of $25, a $100 annual deductible, 20 percent coinsurance, and an annual out-of-pocket spending limit of $2,000. Directs the Secretary of Health and Human Services to negotiate for maximum prices with medicine manufacturers. Establishes a Medicare Prescription Medicine Advisory Committee. Amends SSA title XVIII part C (Medicare+Choice) to require Medicare+Choice organizations to make actuarially equivalent outpatient prescription medicines available under their plans. Requires Medigap policies also to cover such medicines. Provides for transitional assistance to low-income beneficiaries. Prescription Drug Fairness for Seniors Act of 2003 - Requires each participating manufacturer to make covered outpatient drugs available at a price no greater than the manufacturer's average foreign price. Declares the sense of Congress that the cost disparity between identical prescription drugs sold in the United States, Canada, and Mexico should be reduced or eliminated. Amends the Internal Re…