• The Medicare Modernization Act: Formulary Issues and Access to Drugs
  • April 2, 2005 | Author: Claudia Schlosberg
  • Law Firm: Blank Rome LLP - Washington Office
  • On January 1, 2006, Medicare beneficiaries will have access to a new prescription drug benefit. The new benefit is part of a sweeping package of reforms in the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA), signed by President Bush on December 9, 2003. In addition to creating an historic, new drug benefit, the new law changes market dynamics by creating private, at-risk plans and shifting the costs of dual eligibles from the Medicaid program to Medicare.