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Essay / Research Paper Abstract
This 5-page paper studies the donut hole which is part of the Medicare Modernization Act, and provides solutions to some of the problems it caused. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTmedidonu.rtf
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Unformatted sample text from the term paper:
hailed it as a great way to cost government spending on prescriptions, while still protecting senior citizens and low-income participants through the "donut hole" coverage.
The problem is the act didnt take into account that drug costs would rise, courtesy of Big Pharma. It also didnt take into account the fact that
those harmed by the act were those who truly needed the prescriptions for treatment. The out-of-pocket expenses were not easy to absorb, and solutions proposed (finding another plan) not feasible.
Though Congress tried to push through bills allowing the HHS secretary to negotiate with drug companies, nothing much has happened on this
front. Something needs to be done to curb the rising costs of drugs. In the meantime, some of the recommendations made on
this plan involve getting rid of the out of pocket expenses and eliminating the donut hole, as there is no proof, at this time, that the plan is really saving
the government any money. The critics of the plan said that there were no cost containments, and that also needs to be considered. Background
In 2003 the Medicare Prescription Drug, Improvement, and Modernization Act (also known as MMA) passed amid a lot of hoopla and celebration. The act, which would be implemented
in 2006, would help the government cut its costs to Medicare, while encouraging more responsibility when it came to prescribing drugs. Doctors wouldnt automatically reach for the prescription pad when
a patient came in with some little ache, thereby wasting the tax payers money. Also involved was a low-income component. The plan
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