Legislative update: Is the catastrophic care law a boon or bust for the elderly?

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THE MEDICARE Catastrophic Coverage Act of 1988 (Public Law No. 100–36O)1 is the most sweeping expansion of the Medicare program since its establishment in 1965. The legislation, signed into law by President Reagan on July 1, 1988, provides expanded Medicare coverage to Medicare beneficiaries who suffer catastrophic expenses because of prolonged illness or injury and also reduces their out-of-pocket expenses.

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