A bill to amend title XVIII of the Social Security Act to provide for a voluntary insurance program to allow medicare home patients to receive prescribed drugs.

[AI summary unavailable — showing source text] Establishes a voluntary insurance program to provide pharmaceutical services benefits in accordance with the provisions of title XVIII of the Social Security Act (Medicare) for aged and disabled individuals who elect to enroll under such program, to be financed from premium payments by enrollees together with contributions from funds appropriated by the Federal Government. Declares that the benefits provided to an individual by the insurance program established by this Act shall consist of entitlement to have payment made on his behalf for (1) pharmaceutical services in the form of prescription drugs furnished by a provider of pharmaceutical services pursuant to a prescriber's prescription; and (2) such other drugs and pharmaceutical services as are specified in regulations promulgated by the Secretary of Health, Education, and Welfare and furnished by a provider of pharmaceutical services. States that there shall be paid from the Federal Pharmaceutical Services Insurance Trust Fund, in the case of each individual who is covered under the insurance program established by this Act and incurs expenses for pharmaceutical services, including prescription drugs or other drugs with respe…