Amends SSA titles XVIII (Medicare) and XIX (Medicaid) to provide for annual transfers and make specified appropriations to the Fund.
Amends the Internal Revenue Code to impose a tax equal to 1.5 percent of premiums received under accident or health insurance policies (including applicable self-insured plans), and equal to 1.5 percent of the amount received for certain health-related administrative services, payable by the policy issuer and the service provider, respectively. Makes specified appropriations and transfers of such amounts collected to the Fund for allocation among the various specified accounts.
Establishes the Medical Education Advisory Commission.