Medicare Rx Now Act of 2003

Medicare Rx Now Act of 2003 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to provide for outpatient prescription drug coverage under Medicare part B (Supplementary Medical Insurance), along with an annual deductible, adjusted for inflation, with a three-tiered copayment structure (with reduced copayments for generic drugs). Allows for high-deductible outpatient prescription drug coverage under such new program with the provision of benefits through Medicare approved prescription drug plans, including a Medicare+Choice plan under Medicare+Choice (Medicare part C). Directs the Secretary to solicit bids from entities to offer prescription drug discount card plans to individuals enrolled under part B as long as the entity offering a prescription drug discount card plan does not offer benefits to designees of the plan in addition to high-deductible prescription drug coverage, access to negotiated prices, and other required benefits under this Act. Outlines benefits for low-income beneficiaries, including eligibility for low-income subsidies under the Medicaid program (SSA title XIX).

Provides for changes under Medicaid with respect to the enrollment process, including providing for automatic reenrollment without need to reapply.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov