tci Medicare Compliance & Reimbursement - 2005 Issue 40

PHARMACEUTICALS: New Medicare PDPs Get Final Approval

MA plans also get go-ahead.Medicare took a major step toward its new prescription drug coverage on Sept. 23 by formally approving prescription drug plans and Medicare Advantage plans that will offer coverage starting Jan. 1, 2006, Health and Human Services Secretary Mike Leavitt announced. The prescription drug plans--which work with traditional Medicare, and the Medicare Advantage plans that offer drug coverage and additional benefits--were allowed to begin marketing their plans on Oct. 1, 2005.The new program includes prescription drug plans in every state--with no area needing the "fallback" plan that HHS would have required without at least...

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