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White Paper Abstract: The year 2005 is a noteworthy one for Medicare. This fall, the federal government will ask Medicare beneficiaries to sign up for the new Part D prescription benefit that will be launched officially on January 1, 2006. The Part D benefit, created under the federal Medicare Prescription Drug, Improvement and Modernization Act (MMA) of 2003, gives elderly and disabled people on Medicare access to drug coverage beginning in 2006. Until then, the MMA provides temporary help through Medicare-approved drug discount cards and temporary assistance to low-income beneficiaries. According to the Department of Health and Human Services, the net federal cost of the new benefit will be $37.4 billion in 2006 and $724 billion from 2006 to 2015.
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Outlook Generally Positive Across Healthcare Industry" [Note: Incomplete and invalid forms will not be processed.]