Describe the U.S. Medicare Modernization Act of 2003 as providing a clear example of why cost-benefit analysis and cost-effectiveness analysis becomes relevant to drug decision-making.
Solution Preview
The Medicare Prescription Drug Improvement and Modernization Act of 2003 added the much needed prescription drug and preventive health care benefits to the Medicare program. However, because of the cost that such benefits brought to Medicare, there was a need to establish clear frameworks that would balance effectiveness, costs and benefits of providing these coverages as it set the parameters on which medication to cover. The priorities for prescription coverage as well as for preventive care are being set by using cost-benefit analysis and cost-effectiveness analysis. For example, under this Act, the Agency for Healthcare Research and Quality (2006) conducted a systematic reviews and ...
Solution Summary
The solution includes a description of the US. Medicare Modernization Act of 2003 and discussion on how the Act established the framework to decide drug coverage by Medicare.
...Act (2003) is a law of the United States enacted in 2003. ... In the years since Medicare's creation in 1965, the role of prescription drugs in US patient care ...
The Medicare Modernization Act of 2004 included a provision authorizing the establishment of ... Review the history of these accounts, bringing us up to present ...
... OECD countries, including United States, often adopt a "core values ... 1). The Sarbanes-Oxley Act (USA) - The Sarbanes-Oxley Act... non-US companies with a US presence ...
...Medicare Modernization Act or MMA) was enacted in 2003. Changes to Medicare were deemed necessary due to the increasing role of prescription drugs in US health ...
On April 9, 2003 the US congressional Subcommittee on Health (part of the ... Since that time, the Medicare Modernization Act (MMA ) was passed to extend the life ...
... In the United States, healthcare reform was a major ... W. Bush signed into law the Medicare Prescription Drug ...US efforts to achieve universal coverage began with ...
... formulary classification system developed by US Pharmacopeia as ... learn about the changes to Medicare and will ... nee Health care and long-term care (United States). ...
... be simply impossible for the United States government, to ... critical 'era' in health care for the US. ... The Medicare Modernization Act (MMA ) was passed to extend ...
... mythology and into the United States Congress, in ... role of prescription drugs in US patient care ... The Medicare Prescription Drug, Improvement, and Modernization...
