Medicare Part D
Medicare Part D Drug Plan was created by Congress in 2003 to aid the elderly, disabled, and sick persons in affording their medication. Coverage for the drug plan went into affect January 1, 2006. This plan was called the Medicare Prescription Drug Improvement and Modernization Act of 2003 (MMA) (Cassel, 2005). The final bill that passed, was influenced by drug-company and health insurance lobbyists and focused mainly on the needs of those industries instead of the seniors it was meant to serve (Slaughter, 2006). These plans are operated by insurance companies and some private companies that have been approved by Medicare. Part D is optional only if a person carries health insurance that includes prescription coverage. If at retirement age a person has not signed up for a Medicare drug plan they will pay a penalty for the rest of their lives for signing up at a later date. My father took four prescribed drugs in 2007. One was not covered by the plan and the other three were......
View the rest of this paper...
Approximate Word Count: 1976
Approximate Pages: 8 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Medicare Part D
Medicare Part D. Medicare Part D Drug Plan was created by Congress in 2003 to aid
the elderly, disabled, and sick persons in affording their medication. ... -
History Of The Social Security Program
... may also offer Part D coverage. Medicare Part D, or sometimes referred
to as "Medicare Rx", went into effect in January of 2006. ... -
Part D Negotiations
Part D negotiations. Private competition in Medicare Part D is working. By
allowing these private benefit plans to compete for members ... -
Medicare Reform
... Improvement, and Modernization Act of 2003 established a voluntary outpatient
prescription drug benefit for people on Medicare, known as Part D. In January 2006 ... -
Insurance
... Only a few special cases exist where prescription drugs are covered by Original
Medicare, but as of January 2006, Medicare Part D provides more comprehensive ...
