National Catastrophic and Major Medical Health Care Benefits Act

National Catastrophic and Major Medical Health Care Benefits Act - Entitles every citizen and resident of the United States earning less than $50,000 annually to payment by the Department of Health, Education, and Welfare of catastrophic and major medical health care benefits during any year in which such health care costs exceed 25 percent of an individual's annual gross income. Provides coverage for individuals earning between $50,000 and $100,000 for costs of health care which exceed 50 percent of their annual gross income. Excludes from coverage individuals whose annual gross income exceeds $100,000.