Medicare Modernization and Prescription Drug Act of 2002 - Title I: Medicare Prescription Drug Benefit - Amends title XVIII (Medicare) of the Social Security Act (SSA
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What is the Medicare Modernization Act?
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 — also known simply as the Medicare Modernization Act (MMA) — is a sweeping piece of legislation that created a prescription drug benefit for millions of Medicare beneficiaries.
What is the legislative history of Medicare?
Legislative history. The Medicare Prescription Drug, Improvement, and Modernization Act, also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003.
When was the Medicare Prescription Drug Act passed?
Legislative history. Introduced in the House as Medicare Prescription Drug and Modernization Act of 2003 by Representative Dennis J. Hastert on June 25, 2003. Passed the House on June 27, 2003 (216 - 215, 1 Present) Passed the Senate on July 7, 2003 (Unanimous Consent)
What is the MDUFMA Act of 2002?
Identification of Device Manufacturer The Medical Device User Fee and Modernization Act of 2002 (MDUFMA), P.L 107-250, amends the Federal Food, Drug, and Cosmetic Act (FD&C Act) to provide FDA new responsibilities, resources, and challenges. MDUFMA was signed into law October 26, 2002.
What did the Medicare Prescription Drug Improvement and Modernization Act do?
Abstract. The Medicare Prescription Drug, Improvement, and Modernization Act (MMA) provides universally available prescription drug benefits to elderly and disabled Medicare beneficiaries for the first time.
What part of Medicare was established by the Medicare Modernization Act?
prescription drug coverageThe 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.
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.
When was Medicare Modernization Act enacted?
December 8, 2003On December 8, 2003, the President signed into law Public Law 108-173, the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003.
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.
What is one innovation in healthcare that was established through Medicare?
Since its introduction in 1965, Medicare has caused a dramatic expansion in hospital infra- structure, increased medical device patenting, and led to the diffusion of imaging technologies.
When did Medicare add prescription drug coverage?
Medicare did not cover outpatient prescription drugs until January 1, 2006, when it implemented the Medicare Part D prescription drug benefit, authorized by Congress under the “Medicare Prescription Drug, Improvement, and Modernization Act of 2003.”[1] This Act is generally known as the “MMA.”
What is the MMA law?
The Music Modernization Act (MMA) updates the copyright law to make statutory licensing more fair for creators and more efficient for digital music providers.
What does MMA stand for in Medicare?
The Medicare Modernization Act (MMA) included three polices to limit the financial. risks that Part D prescription drug plans (PDPs) must bear.
What did Affordable Care Act do for prescription drugs?
The ACA increased base rebate amounts for both generic and brand drugs: the minimum rebate for brand drugs increased from 15.1 percent to 23.1 percent and the base rebate for generic drugs increased from 11 percent to 13 percent. The federal government captures all additional savings.
How has Medicare changed over the years?
Medicare has expanded several times since it was first signed into law in 1965. Today Medicare offers prescription drug plans and private Medicare Advantage plans to suit your needs and budget. Medicare costs rose for the 2021 plan year, but some additional coverage was also added.
When did Section 502 (v) go into effect?
Section 502 (v) went into effect January 26, 2004 (15 months after enactment); its requirements apply only to devices "introduced or delivered for introduction into interstate commerce after such effective date." See § 302 (a) (2).
When was MDUFMA signed into law?
MDUFMA was signed into law October 26, 2002. On April 1, 2004, the Medical Devices Technical Corrections Act (MDTCA), P.L. 108-214, was signed into law; MDTCA amends MDUFMA to clarify Congress's intent and to improve and expand upon some features of MDUFMA.
What is MDUFMA 205?
MDUFMA § 205 requires FDA to study "the timeliness and effectiveness of device premarket reviews" by FDA centers other than CDRH. The most important requirement is that this report "shall include . . . specific recommendations on whether responsibility for regulating such devices should be reassigned" within FDA.
What is MDUFMA in Congress?
In enacting MDUFMA, Congress recognized that "the public health will be served" by providing additional funds to FDA for "the process for the review of devices and the assurance of device safety and effectiveness so that statutorily mandated deadlines may be met.".
What is FDA action?
FDA action on an establishment's notice that it intends to employ an accredited person. FDA denial of use of an accredited person. Effect of a finding of "official action indicated" following an inspection. Report of inspection by an accredited person.
When did the FDA report the IOM findings?
FDA report. By October 26, 2006 (within four years of enactment), FDA must submit a report to Congress concerning IOM's findings (see above) and any recommendations we have "for administrative or legislative changes to the system of postmarket surveillance" for pediatric devices. § 212 (c).
What is the Federal Register Notice for accrediting a third party?
As required by section 704 (g) (2), FDA has published a Federal Register notice that provides the criteria we use to accredit a third-party to conduct inspections of class II and class III device manufacturers.
What Is the Medicare Modernization Act of 2003?
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 — also known simply as the Medicare Modernization Act (MMA) — is a sweeping piece of legislation that created a prescription drug benefit for millions of Medicare beneficiaries.
What Was the Impact of the Medicare Prescription Drug Improvement and Modernization Act?
The Medicare Modernization Act has impacted the program and its beneficiaries in significant ways. Perhaps the greatest impact is a massive enrollment shift to Medicare Advantage plans.
Medicare Modernization Act Pros and Cons
The Medicare Modernization Act expanded prescription drug coverage to millions of older and disabled Americans.
When was Medicare Modernization Act enacted?
Signed into law by President George W. Bush on December 8, 2003. The Medicare Prescription Drug, Improvement, and Modernization Act, also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003. It produced the largest overhaul of Medicare in the public health program's 38-year history.
When did Medicare Advantage start?
Medicare Advantage plans. With the passage of the Balanced Budget Act of 1997, Medicare beneficiaries were given the option to receive their Medicare benefits through private health insurance plans, instead of through the Original Medicare plan (Parts A and B).
What is Medicare Part D?
Main article: Medicare Part D. The MMA's most touted feature is the introduction of an entitlement benefit for prescription drugs, through tax breaks and subsidies. In the years since Medicare's creation in 1965, the role of prescription drugs in patient care has significantly increased.
Who was the chief architect of Medicare?
According to the New York Times December 17, 2004 editorial W.J."Billy" Tauzin, the Louisiana Republican who chaired the Energy and Commerce Committee from 2001 until February 4, 2004 was one of the chief architects of the new Medicare law. In 2004 Tauzin was appointed as chief lobbyist for the Pharmaceutical Research and Manufacturers of America (PhRMA), the trade association and lobby group for the drug industry with a "rumored salary of $2 million a year," drawing criticism from Public Citizen, the consumer advocacy group. They claimed that Tauzin "may have been negotiating for the lobbying job while writing the Medicare legislation." Tauzin was responsible for including a provision that prohibited Medicare from negotiating prices with drug companies.
Can Medicare negotiate drug prices?
Since the enactment of Medicare Prescription Drug, Improvement, and Modernization Act in 2003, only insurance companies administering Medicare prescription drug program, not Medicare, have the legal right to negotiate drug prices directly from drug manufacturers.
