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Last Updated:
Jun-16-2009

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Medicare Prescription Drug Information, Research, Reviews And Other RX Resources
HEADLINES

  • Humana reports sharply lower 3Q earnings (AP via Yahoo! News)
  • Illinois Academy of Family Physicians: Medicare Spared for Now -- Time to Fix a Broken Program

    Video Excerpts

  • (Dallas) Police say thieves are targeting elderly people in Wise County. The person claims to be from Medicare and asks them to update sensitive information.
  • Aggressive salespeople peddling private Medicare plans are confusing thousands of seniors. Armen Keteyian has the story.
  • A new study claims that black patients have a lesser chance to receive potentially lifesaving treatments than white patients. Dr. Sean Kenniff reports.



  • See Wiki here.

    Medicare Prescription Drug Improvement and Modernization ActFrom Wikipedia the free encyclopediaMedicare Prescription Drug Improvement and Modernization ActAcronym colloquial nameMedicare Modernization Act or MMACitationsCodificationLegislative historyIntroduced in the House as Medicare Prescription Drug and Modernization Act of 2003 by Representative Dennis J Hastert on 6252003Committee consideration byPassed the House on 6272003 (216 215 1 Present)Passed the Senate on 772003 (Unanimous Consent)Reported by the joint conference committee on 11212003 agreed to by the House on 11222003 (220 215) and by the Senate on 11252003 (54 44)Signed into law by President George W Bush on December 8 2003Major amendmentsThe Medicare Prescription Drug Improvement and Modernization Act (PubL 108173 117 Stat� also called Medicare Modernization Act or MMA) is a law of the United States which was enacted in 20031 It produced the largest overhaul of Medicare in the public health programs 38year historyThe MMA was signed by President George W Bush on December 8 2003 after passing in Congress by a close marginOne month later the tenyear cost estimate was boosted to $534 billion up more than $100 billion over the figure presented by the Bush administration during Congressional debate The inaccurate figure helped secure support from fiscally conservative Republicans who had promised to vote against the bill if it cost more than $400 billion It was reported that an administration official Thomas A Scully had concealed the higher estimate and threatened to fire Medicare Chief Actuary Richard Foster if he revealed it2 By early 2005 the White House Budget had increased the 10year estimate to $12 trillion3Former US Comptroller General David M Walker has called this probably the most fiscally irresponsible piece of legislation since the 1960s because we promise way more than we can afford to keep 4



     



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