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Medicare's New Part D Prescription Drug Benefit: A Major Work in Progress

During May and June 2005, the Centers for Medicare & Medicaid Services (CMS) began mailing letters to beneficiaries about a new prescription drug benefit, called the Part D benefit, that will take effect on January 1, 2006, for those patients who join. CMS estimates that this new benefit will prove advantageous to more than 42 million Americans. The Part D benefit, says former ASCO president Joseph S. Bailes, MD, should prove to be "a real boon to Medicare beneficiaries who now have to pay out of pocket for prescription drugs, unless they have prescription drug coverage through secondary insurance. Today . . . [Click for More]

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