Comprehensive Medicare Reform Act of 1982 - Title I: Amendments to Part A (Hospital and Inpatient Services) - Amends Part A (Hospital and Inpatient Services) of title XVIII (Medicare) of the Social Security Act to eliminate limits on inpatient hospital services. Eliminates the deductible and coinsurance for inpatient hospital services and post-hospital extended care services furnished in a skilled nursing facility. Increases payments for emergency hospital services.

Title II: Amendments to Part B (Supplementary Medical Assistance) - Includes preventive health services, routine physical checkups, eyeglasses and eye examinations, hearing aids and hearing examinations, immunizations, drugs and biologicals, orthopedic shoes and supportive devices for the feet, and certain dental services as items or services provided under part B (Supplementary Medical Assistance) of title XVIII. Expands the chiropractic and optometric services available under part B.

Directs the Secretary of Health and Human Services to: (1) provide for the determination from time to time of a product price list; and (2) establish dispensing fees.

Increases the amount of expenses for covered services paid for from 80 to 90 percent. Increases the reimbursement available for outpatient mental disorders.

Revises the determination of the prevailing charge level used in determining the reasonable charge.

Title III: Funding and Effective Date - Appropriates amounts necessary to make payments for the increased services provided under this Act.

Sets forth effective date provisions.