A bill to amend the Social Security Act to provide for catastrophic health insurance coverage for the unemployed.

[AI summary unavailable — showing source text] Establishes a catastrophic health insurance program for the unemployed within the Social Security system. Requires an individual to have established entitlement to weekly benefits under a State or Federal unemployment compensation law in order to be eligible for benefits under this Act. Stipulates that every such individual, and such individual's dependent spouse and children, shall be entitled to hospital and medical insurance benefits if such individual is: (1) unemployed; (2) not entitled under any other provision of law to hospital insurance benefits; and (3) not the dependent spouse. Provides for grants to States equal to 100 percent of the costs and administration for the implementation of programs which supply health benefits to the unemployed. Sets forth the types of hospital and medical services eligible for coverage. Prescribes the portion of the cost of eligible services payable by the program. Creates within the Treasury of the United States a Federal Catastrophic Health Insurance Trust Fund for the Unemployed. Authorizes appropriations to the Fund for fiscal years 1975, 1976, and 1977 of such sums as are necessary to carry out the purposes of the Act. Creates a Board o…