Medicare Reform

Paper Summary:

This article discusses the Medicare Modernization Act of 2003. The writer outlines the provisions of the Act and points out all the myriad problems inherent in the plan. The writer discusses that the Act does not save beneficiaries money and that it costs the government money. The writer shows that the Act makes huge profits for drug companies and insurance companies and that it benefits doctors. In this paper, the writer demonstrates that those the Act is designed to help - the poor - end up paying more for their prescriptions than they do now. The writer highlights that the tax burden of the program is shifted from the rich to the poor.

From the Paper:

"To understand why the Medicare Modernization Act of 2003, is inherently bad for subscribers and only benefits drug companies insurance companies and doctors, it is first necessary to give an overview of the proposed reforms. The new Medicare reform purports to strengthen the current Medicare program, add important new prescription drug and preventive benefits and provide extra help to people with low incomes. Patients will still be allowed to keep the doctors, hospitals and pharmacies they are currently using. If they are happy with their current Medicare coverage they ... "

More papers on Medicare Reform:

• Research Paper # 59921 : "Seniors and Medicare Reforms"
• Research Proposal # 52184 : "Medicare Reforms and Health Care Costs"
• Term Paper # 129267 : "Reforming Medicare"

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