• How did various stakeholder groups influence the final outcome of Medicare Part D legislation? The various stakeholders have been grouped under the influential outcome to manage the legislation who are all the democrat, the groups of advocacy, the US Senate and the Bush administration and republicans.
Full Answer
Who was the Senate Majority Leader when Medicare Part D was passed?
Senate Majority Leader Bill Frist (R-Tenn.), one of the initiative's chief negotiators and political investors, hailed its passage: “Today is a historic day and a momentous day. Seniors have waited 38 years for this prescription drug benefit to be added to the Medicare program.
What are the contextual factors that affect Medicare policy?
Another important contextual factor is the nearly perennial federal budget deficit, which grew dramatically after President Ronald Reagan's tax cuts in the early 1980s and had a dominant influence on Medicare policies until the short-lived budget surpluses of the late 1990s.
Why were the benefits of Medicare Part D included in the bill?
The benefits were included in order to gain the support of Claude Pepper (D-Fla.), the chairman of the House Rules Committee and a champion of senior citizens, who wanted to fill as many of Medicare's coverage gaps as possible, including long-term care ( Himelfarb 1995, 27; Rovner 1995, 157).
Why is there such a discrepancy between Medicare Part D and Medicaid?
The discrepancy stemmed from different assumptions about how many Medicare beneficiaries would join private health plans, how many would sign up for the Medicare Part D drug coverage, how rapidly Medicaid drug spending would rise, and many other “moving parts” in the legislation ( Antos 2004; CBO 2004b ).
What led to the passing of Medicare Part D?
Rather than demand that the plan be budget neutral, President Bush supported up to $400 billion in new spending for the program. In 2003, President Bush signed the Medicare Modernization Act, which authorized the creation of the Medicare Part D program. The program was implemented in 2006.
What is the main problem with Medicare Part D?
The real problem with Medicare Part D plans is that they weren't set up with the intent of benefiting seniors. They were set up to benefit: –Pharmacies, by having copays for generic medications that are often far more than the actual cost of most of the medications.
How is Medicare Part D regulated?
Unlike Parts A and B, which are administered by Medicare itself, Part D is “privatized.”[3] That is, Medicare contracts with private companies that are authorized to sell Part D insurance coverage. These companies are both regulated and subsidized by Medicare, pursuant to one-year, annually renewable contracts.
What was notable about the Medicare Modernization Act of 2003?
The 2003 Medicare Modernization Act (MMA) is considered one of the biggest overhauls of the Medicare program. It established prescription drug coverage and the modern Medicare Advantage program, among other provisions. It also created premium adjustments for low-income and wealthy beneficiaries.
When did Medicare Part D become effective?
January 1, 2006The benefit went into effect on January 1, 2006. A decade later nearly forty-two million people are enrolled in Part D, and the program pays for almost two billion prescriptions annually, representing nearly $90 billion in spending. Part D is the largest federal program that pays for prescription drugs.
Who created Medicare Part D?
On July 30, 1965, President Lyndon B. Johnson signed into law legislation that established the Medicare and Medicaid programs. For 50 years, these programs have been protecting the health and well-being of millions of American families, saving lives, and improving the economic security of our nation.
What is true about Medicare Part D?
It is an optional prescription drug program for people on Medicare. Medicare Part D is simply insurance for your medication needs. You pay a monthly premium to an insurance carrier for your Part D plan. In return, you use the insurance carrier's network of pharmacies to purchase your prescription medications.
What was the impact of the Medicare prescription drug Improvement and Modernization Act?
Summary: Implementation of MMA has affected the entire healthcare continuum by reducing pharmaceutical reimbursement rates and health system revenues and increasing prescription drug copayments, emergency department visits, and hospital admissions.
Is Medicare Part D optional or mandatory?
Medicare drug coverage helps pay for prescription drugs you need. Even if you don't take prescription drugs now, you should consider getting Medicare drug coverage. Medicare drug coverage is optional and is offered to everyone with Medicare.
What was the biggest change to Medicare brought about by the 2003 Medicare Modernization Act?
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 was enacted in November 2003 and became effective on January 1, 2006. Two major changes occurred. A prescription drug benefit is now available for seniors and younger persons with disabilities who are covered by Medicare.
Who introduced the Medicare Modernization Act of 2003?
Speaker Dennis HastertThe bill was introduced in the House of Representatives early on June 25, 2003 as H.R. 1, sponsored by Speaker Dennis Hastert.
What was the impact of the Medicare Prescription Drug Improvement and Modernization Act quizlet?
What was the impact of the Medicare Prescription Drug Improvement and Modernization Act? The Act created Medicare Part D, the drug prescription program.