A review of the Medicare Prescription Drug Improvement and Modernization Act of 2003 and its limitations.
Written in 2009; 1,499 words; 8 sources; APA; $ 49.95
Paper Summary:
The paper provides some background that sheds light on the factors and causes leading up to the Medicare Prescription Drug Improvement and Modernization Act where for the first time, prescription drug benefits were offered to senior and disabled Americans. The paper explores the nursing implications of the law that concern the incredible complexity of the prescription drug plans and the 'coverage gap', known as the donut hole, where patients left without coverage. The paper contends that the costs of the law outweigh its advantages.
From the Paper:
"For the first time ever, prescription drug benefits were offered to senior and disabled Americans. The Act gave seniors and other disabled Americans a prescription drug benefit card that allowed savings of 10-25% off the cost of medicine. It was estimated that this would save participants an average of at least $300 per year. As medical costs continued rising, this Act was not only necessary, but likely one of several Acts to follow in upcoming years as medical costs continue to be out of reach for many Americans, and 40 million Americans remain uninsured (Ganz, 2004)."
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