Health Care Insurance Act

[AI summary unavailable — showing source text] Health Care Insurance Act - Provides for, under the Social Security Act, medical and hospital care through a system of voluntary health insurance financed in whole for low-income groupos through issuances of certificates, and in part for all other persons through allowance of tax credits. Adds to the Social Security Act a new title entitled Federal Financing of Voluntary Health Insurance. Provides that, for the purpose of providing assistance on behalf of the individuals and their dependents whose income and resources are insufficient to meet the costs of necessary medical and hospital services, there is established a program of hospital and medical benefits for any eligible beneficiary and his dependents through the issuance of health insurance certificates of entitlement which will be redeemable by the carrier by payment from the Federal Health Insurance Redemption Fund. Asserts that benefits claimed under this provision shall not be duplicated under any other programs financed in whole or in part by the Federal Government. Includes as eligible beneficiaries under this title any husband and wife both under age 65 and living together and any married person under age 65 who is not …