Catastrophic Health Expense and Cost Constraint Act

[AI summary unavailable — showing source text] Catastrophic Health Expense and Cost Constraint Act - Title I: Catastrophic Automatic Protection Plan (CAPP)-Part A: Establishment of Catastrophic Automatic Protection Plan - Adds as a new title to the Social Security Act, title XXI - Catastrophic Automatic Protection Plan. Establishes a voluntary insurance plan to provide automatic protection to families against catastrophic medical expenses, the Catastrophic Automatic Protection Plan (CAPP), to be funded by general revenues and coinsurance amounts. Provides that a family will be eligible for CAPP assistance for CAPP covered expenses after members of the family incur medical expenses equal to the deductible. Varies the deductible depending on income, the maximum being $750 plus 30 percent of the amount by which a family's income exceeds $7,500. Sets forth provisions relating to applications for assistance under this Act. Specifies penalties for any family which intentionally falsifies an income statement. Provides that payments shall be made for up to 100 percent of covered CAPP medical expenses and services except that in the case of prescription drugs for chronic illness the payment rate shall be 75 percent. Provides that the co…