Home Oxygen Patient Protection Act of 2006 - Amends title XVIII (Medicare) of the Social Security Act to restore Medicare treatment of ownership of oxygen equipment that existed prior to the enactment of the Deficit Reduction Act of 2005.
Repeals: (1) the limitation of Medicare payment to the supplier for such equipment (including portable oxygen equipment) to 36 months of continuous use; and (2) the requirement that the equipment supplier transfer title to the individual at the end of such period, with payments continuing at specified monthly rates.