What program was created through 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.
What did MMA 2003 add to Medicare?
Establishes a new optional Medicare prescription drug benefit program augmenting with a comprehensive, flexible, and permanent voluntary prescription drug benefit program the limited coverage of certain outpatient prescription drugs, biologicals, and vaccines currently covered under the Medicare program under its ...
What did the MMA 2003 do?
There are over 6 million dual-eligible individuals. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) requires that these individuals receive their prescription drug coverage through Medicare, not their state's Medicaid program.
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 was notable about the Medicare Modernization Act of 2003 quizlet?
What was notable about the Medicare Modernization Act of 2003? The revision included a prescription drug benefit.
Who introduced the Medicare Modernization Act of 2003?
The bill was introduced in the House of Representatives early on June 25, 2003 as H.R. 1, sponsored by Speaker Dennis Hastert.
When was the Medicare Modernization Act implemented?
December 8, 2003On December 8, 2003, President George W. Bush signed into law the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003.
What was the biggest change to Medicare brought about by the 2003 Medicare Modernization Act quizlet?
Medicare Part D Prescription Drug benefit The Medicare Prescription Drug Improvement and Modernization Act of 2003 (MMA) made the biggest changes to the Medicare in the program in 38 years.Dec 1, 2021
When was the Medicare Modernization Act established?
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 are MMA files?
Since 2005, states have exchanged files with the Centers for Medicare & Medicaid Services (CMS) that. identify current and prospective dually eligible individuals. These files are known as the Medicare. Modernization Act (MMA) files.6 (For information about the frequency of state-CMS MMA file exchange, see.
What is FL MMA?
Florida Managed Medical Assistance (MMA)
What is Medicare Medigap?
Medigap. type of private insurance policy available for Medicare beneficiaries to supplement Medicare Part A and/or Part B coverage.
What is Medicare Part C?
also known as Medicare Advantage, this is a managed care option that includes services under Parts A, B, C, and D, and additional services that are not typically covered by Medicare; Medicare Part C requires an additional premium; plan known formerly as Medicare1Choice. Medicare Part D.
What is the ACA?
Known as the ACA. a division of the Department of Health and Human Services (DHHS) that is responsible for administering the Medicare program and the federal portion of the Medicaid program; responsible for maintaining the procedure portion of the International Classification of Diseases, 9th Revision, Clinical Modification (ICD-9-CM).
What is FECA in VA?
a benefits program administered by the Department of Veterans Affairs for the spouse or widow (er) and for the children of a veteran who meets specified criteria. Federal Employees' Compensation Act (FECA) of 1916.
What is Indian Health Services?
Indian Health Services (IHS) an agency within the Department of Health and Human Services (DHHS) responsible for upholding the federal government's obligation to promote healthy American Indian and Alaskan native people, communities, and cultures. Medicaid.
What is a SCHIP?
State Children's Health Insurance Program (SCHIP) a state-federal partnership created by the Balance Budget Act of 1997 that provides health insurance to children of families whose income level is too high to qualify for Medicaid but too low to purchase healthcare insurance.
When did Medicare and Medicaid start?
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.
When did Medicare expand?
Over the years, Congress has made changes to Medicare: More people have become eligible. For example, in 1972 , Medicare was expanded to cover the disabled, people with end-stage renal disease (ESRD) requiring dialysis or kidney transplant, and people 65 or older that select Medicare coverage.
What is Medicare Part D?
Medicare Part D Prescription Drug benefit. The Medicare Prescription Drug Improvement and Modernization Act of 2003 (MMA) made the biggest changes to the Medicare in the program in 38 years. Under the MMA, private health plans approved by Medicare became known as Medicare Advantage Plans.
When was the Children's Health Insurance Program created?
The Children’s Health Insurance Program (CHIP) was created in 1997 to give health insurance and preventive care to nearly 11 million, or 1 in 7, uninsured American children. Many of these children came from uninsured working families that earned too much to be eligible for Medicaid.
What is the Affordable Care Act?
The 2010 Affordable Care Act (ACA) brought the Health Insurance Marketplace, a single place where consumers can apply for and enroll in private health insurance plans. It also made new ways for us to design and test how to pay for and deliver health care.