tci Medicare Compliance & Reimbursement - 2003 Issue 45

Medicare Reform: CONGRESS PASSES MAJOR MEDICARE REFORM BILL

Revamp features Rx benefit, increased managed care presence and much, much more funding.Congress Nov. 25 completed passage of the most dramatic overhaul of the Medicare program since its inception. Under the terms of the legislation, which President George Bush is expected to sign, in 2004 seniors would get a discount drug card, which the Bush administration predicts will provide savings of 15 to 25 percent. A full-scale drug benefit would kick in on Jan. 1, 2006, as would a framework for preferred provider organizations to provide coverage in 10 to 50 regions across the country. In addition to...

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