Expressing the sense of the Congress with respect to coverage of outpatient prescription drugs under the Medicare Program and with respect to providing for appropriate new budget authority for such coverage.

Declares that it is the sense of the Congress that: (1) an outpatient prescription drug benefit for medicare beneficiaries (under title XVIII of the Social Security Act) should be enacted in 2002; (2) the concurrent resolution on the budget for FY 2003 should include new budget authority for each of FY 2003 through 2008 to provide for medicare coverage of outpatient prescription drugs; and (3) the aggregate amount of that new budget authority for FY 2003 through 2008 should be $300 billion.