Sec. 4. Consumer Price Index for Elderly Consumers

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The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals in the United States who are 62 years of age or older. Subsection

(a)shall apply with respect to calendar months ending on or after July 31 of the calendar year following the calendar year in which this Act is enacted. There are authorized to be appropriated such sums as are necessary to carry out the provisions of this section. Section 215(i)(1) of the Social Security Act ( 42 U.S.C. 415(i)(1) ) is amended by adding at the end the following new subparagraph: the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . Section 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph: the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . Section 215(i)(4) of the Social Security Act ( 42 U.S.C. 415(i)(4) ) is amended by inserting and by section 4 of the after Fair Adjustment and Income Revenue for Social Security Act 1986 . The amendments made by subparagraphs

(A)and

(B)shall apply to determinations made with respect to cost-of-living computation quarters ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted. Title XVIII of such Act ( 42 U.S.C. 1395 et seq. ) is amended— in section 1814(i)(2)(B) ( 42 U.S.C. 1395f(i)(2)(B) ), by inserting

(i)for accounting years ending before October 1 of the second calendar year following the calendar year in which the after Fair Adjustment and Income Revenue for Social Security Act was enacted, for a year is , and by inserting after fifth month of the accounting year the following: , and

(ii)for accounting years ending after October 1 of such calendar year, the cap amount determined under clause

(i)for the last accounting year referred to in such clause, increased or decreased by the same percentage as the percentage increase or decrease, respectively, in the medical care expenditure category (or corresponding category) of the Consumer Price Index for Elderly Consumers, published by the Bureau of Labor Statistics, from March of such calendar year to the fifth month of the accounting year ; in section 1821(c)(2)(C)(ii)(II) ( 42 U.S.C. 1395i–5(c)(2)(C)(ii)(II) ), by striking consumer price index for all urban consumers (all items; United States city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1833(h)(2)(A)(i) ( 42 U.S.C. 1395l(h)(2)(A)(i) ) by striking Consumer Price Index for All Urban Consumers (United States city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1833(i)(2)(C)(i) ( 42 U.S.C. 1395l(i)(2)(C)(i) ), by striking Consumer Price Index for all urban consumers (U.S. city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1834(a)(14)(L) ( 42 U.S.C. 1395m(a)(14)(L) ), by striking consumer price index for all urban consumers (U.S. urban average) and inserting applicable consumer price index ; in section 1834(h)(4)(A)(xi)(I) ( 42 U.S.C. 1395m(h)(4)(A)(xi)(I) ), by striking consumer price index for all urban consumers (United States city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1834(l)(3)(B) ( 42 U.S.C. 1395m(l)(3)(B) ), by striking consumer price index for all urban consumers (U.S. city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1839(i)(5)(A)(ii) ( 42 U.S.C. 1395r(i)(5)(A)(ii) ), by striking Consumer Price Index (United States city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1842(s)(1)(B)(ii)(I) ( 42 U.S.C. 1395u(s)(1)(B)(ii)(I) ), by striking consumer price index for all urban consumers (United States city average) and inserting Consumer Price Index for Elderly Consumers ; in each of subparagraphs (D)(ii) and (E)(i)(II) of section 1860D–14(a)(3) ( 42 U.S.C. 1395w–114(a)(3) ) and in section 1860D–14(a)(4)(A)(ii) ( 42 U.S.C. 1395w–114(a)(4)(A)(ii) ), by striking consumer price index (all items; U.S. city average) and inserting Consumer Price Index for Elderly Consumers ; in section 1882(p)(11)(C)(ii) ( 42 U.S.C. 1395ss(p)(11)(C)(ii) ), by striking Consumer Price Index for all urban consumers (all items; U.S. city average) and inserting Consumer Price Index for Elderly Consumers ; in each of clauses

(iv)and (vi)(II) of section 1886(h)(2)(E) ( 42 U.S.C. 1395ww(h)(2)(E) ), by striking for all urban consumers ; and in section 1886(h)(5)(B) ( 42 U.S.C. 1395ww(h)(5)(B) ), by striking Consumer Price Index for All Urban Consumers (United States city average) and inserting Consumer Price Index for Elderly Consumers . The amendments made by subparagraph

(A)shall apply with respect to determinations made for periods ending after December 31 of the second calendar year following the calendar year in which this Act was enacted.

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