Honor Thy Parents Act of 2003 - Suspends any tax reduction and any tax deduction, limitation, or credit made by the Economic Growth and Tax Relief Reconciliation Act of 2001 scheduled to take effect after 2003.
Amends title XVIII (Medicare) to add a new part which establishes a voluntary outpatient prescription medicine benefit. Sets premium, deductible, and coinsurance limits, with an annual out-of-pocket limit of $2,000.
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