Institute for Health Care Technology Assessment Act

[AI summary unavailable — showing source text] Institute For Health Care Technology Assessment Act - Authorizes the establishment of a private nonprofit Institute for Health Care Technology Assessment to promote the development of appropriate health care technologies and the elimination of inappropriate or obsolete technologies. Authorizes such Institute to: (1) serve as an information clearinghouse; (2) collect and analyze data; (3) assess health care technology needs; and (4) provide education and training. States that the Institute's Board of Directors shall have representatives from the medical and nursing professions, the health insurance field health industry and pharmaceutical manufacturers, business and labor, and the American Association of Retired People. Makes the Secretary of Health and Human Services and the Director of the Office of Technology Assessment ex officio members. Directs the Secretary to make available to the Institute a seven-year line of credit. Requires the Institute to submit an annual report to the President for transmittal to the Congress.…