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Medicare Modernization Act of 2003

Notes: - approved in December 2003 - created a federal Medicare-sponsored drug plan for senior citizens, called Medicare Part D, effective January 1, 2006 - provides subsidies for employers who continue to provide retired employees with insurance that covers prescription medications - elimimates coverage for prescription medications by Medicaid - competition between fee for service Medicare & Medicare Advantage programs - higher premiums for Medicare part B for beneficiaries with higher incomes - expanded coverage for preventive services - increased reimbursement rates to physicans & hospitals in rural areas

Related

Medicare part D Prescription Drug Plan (PDP)

References

  1. Prescriber's Letter 12(8): 2005 Detail-Document#: 210819 (subscription needed) http://www.prescribersletter.com
  2. Geriatric Review Syllabus, 9th edition (GRS9) Medinal-Walpole A, Pacala JT, Porter JF (eds) American Geriatrics Society, 2016