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The Medicare Prescription Drug Improvement and
Modernization Act of 2003
President Bush Signs Bill Accomplishing
Four Great Goals for Our Health Care System
The Medicare reforms signed by President Bush accomplish s four great goals
for our nation’s health care system.
The new law provides prescription drug benefits
under Medicare.
- President Bush said, “Drug coverage under Medicare will allow
seniors to replace more expensive surgeries and hospitalizations with
less expensive prescription medicine. And even more important, drug
coverage under Medicare will save our seniors from a lot of worry. Some
older Americans spend much of their Social Security checks just on their
medications. Some cut down on the dosage, to make a bottle of pills last
longer. Elderly Americans should not have to live with those kinds of
fears and hard choices. And this new law will ease the burden on seniors
and give them the extra help they need.”
The new law gives older Americans more health care
choices so they can find the health coverage that best meets their needs.
- As President Bush stated, “Every senior needs to know: If you
don’t want to change your current coverage, you don’t have to
change. You’re the one in charge. If you want to keep your Medicare
the way it is, along with the new prescription benefit, that is your
right. If you want to improve benefits – maybe dental coverage, or
eyeglass coverage, or managed care plans that reduce out-of-pocket costs
– you’ll be free to make those choices as well. And when seniors
have the ability to make choices, health care plans within Medicare will
have to compete for their business by offering higher quality service.
For the seniors of America, more choices and more control will mean
better health care.”
The new law makes Medicare smarter and more
efficient – providing screenings that will enable doctors and patients to
diagnose and treat health problems early.
- According to President Bush, “For years, our seniors have been
denied Medicare coverage … for a basic physical exam. Beginning in
2005, all newly-enrolled Medicare beneficiaries will be covered for a
complete physical. The Medicare system will now help seniors and their
doctors diagnose health problems early, so they can treat them early and
our seniors can have a better quality life. For example, starting next
year, all people on Medicare will be covered for blood tests that can
diagnose heart diseases. Those at high risk for diabetes will be covered
for blood sugar screening tests. Modern health care is not complete
without prevention – so we are expanding preventative services under
Medicare.”
The new law enables Americans to pay for
out-of-pocket health care expenses through new Health Savings Accounts.
- President Bush said, “Our laws encourage people to plan for
retirement and to save for education. Now the law will make it easier
for Americans to save for their future health care as well. A Health
Savings Account is a good deal, and all Americans should consider it.
Every year, the money not spent would stay in the account and gain
interest tax-free, just like an IRA. And people will have an incentive
to live more healthy lifestyles because they want to see their Health
Savings Account grow.”
Source: Whitehouse.gov
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