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Health Law Advisory Bulletin: Changes to Prescription Drug Benefits Under New Medicare Act ( January 2004 )
The Medicare Prescription Drug, Improvement and modernization Act of 2003 contains the most extensive changes to Medicare since the program was enacted in 1965. Historically, Medicare has provided only a limited outpatient prescription drug benefit under Medicare Part B. Under the new law, eligible beneficiaries will be able to purchase drug discount cards starting in June 2004 and enjoy comprehensive prescription drug coverage under a new Medicare Part D beginning in January 2006.
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