Page:United States Statutes at Large Volume 86.djvu/1419

 86 STAT. ]

PUBLIC LAW 92-603-OCT. 30, 1972

1377

at the amount of an adequate actuarial rate for enrollees age 65 aiul over as provided in paragraph (1) and the derivation of the dolhir amounts specified in this paragraph. "(4) The Secretary shall also, during December of 1972 and of each year thereafter, determine the monthly actuarial rate for disabled enrollees under age 65 which shall be applicable for the 12-month period commencing July 1 in the succeeding year. Such actuarial rate shall be the amount the Secretary estimates to l>e necessary so that the aggregate amount for such 12-month period with respect to disabled enrollees under age 65 will equal one-half of the total of the benefits and administrative costs which he estimates will be incurred in the Federal Supplementary Medical Insurance Trust Fund for such 12-month period with respect to such enrollees. In calculating the monthly actuarial rate under this paragraph, the Secretary shall include an appropriate amount for a contingency margin."' (d)(1) Section 1839(d) of such Act, as redesignated by subsection (c) of this section, is amended by inserting "or (c)'' after "subsection (b)". (2) Section 1839(f) of such Act, as redesignated by subsection (c) of this section, is amended by striking out "subsection (c) " and inserting in lieu thereof "subsection (d) ". (e) Effective with respect to enrollee premiums payable for months after June 1973, section 1844(a)(1) of such Act is amended to read as p tt

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42 USC l395w.

follows: " (1)(A) a Government contribution equal to the aggregate premiums payable for a month for enrollees age 65 and over under this part and deposited in the Trust Fund, multiplied by the ratio of— " (i) twice the dollar amount of the actuarially adequate rate per enrollee age 65 and over as determined mider section 1839(c)(1) for such month minus the dollar amount of the premium per enrollee for such month, as determined under section 1839(c)(3), to "(ii) the dollar amount of the premium per enrollee for such month, plus " (B) a Government contribution equal to the aggregate premiums pavable for a month for enrollees under age 65 under this part and deposited in the Trust Fund, multiplied by the ratio of— "(i) twice the dollar amount of the actuarially adequate rate per enrollee under age 65 as determined under section 1839(c)(4) for such month minus the dollar amount of the pi-emium per enrollee for such month, as determined under section 1839(c)(3), to "(ii) the dollar amount of the premium per enrollee for such month." CHANGE IX SUPPLEMENTARY

MEDICAL INSURANCE

Effective date. ^^ f ^ f J„^: -

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.,

DEDUCTIBLE

SEC. 204. (a) Section 1833(b) of the Social Security Act is amended jg sta^. 3 0 ^^ ^ 2. by striking out "shall be reduced by a deductible of $50'' and inserting in lieu thereof "shall be reduced by a deductible of $60"'. (b) Section 1835(c) of such Act is amended by striking out "but ^i sta^-849. only if such charges tor such services do not exceed $50" and insert"' ing in lieu thereof "but only if such charges for such services do not exceed the applicable supplementary medical insurance deductible". (c) The amendments made by this section shall be effective with Effective date. respect to calendar years after 1972 (except that, for purposes of applying clause (1) of the first sentence of section 1833(b) of the Social Security Act, such amendments shall be deemed to have taken supra. effect on January 1, 1972).

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