U.S. Medicare Modernization Act
Not what you're looking for?
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.
Purchase this Solution
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.
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 ...
Purchase this Solution
Free BrainMass Quizzes
Celiac Disease
This quiz will provide a brief introduction to Celiac Disease. Questions will focus on definitions and symptoms.
First Aid
Do you know how to provide first aid?
Fibromyalgia
This quiz provides a brief overview of Fibromyalgia. Research is currently evolving regarding this diagnosis.
Managed Care Organizations
This quiz will test the basics of managed care organizations. It is important to know how our health care delivery system operates through managed care.
Stress Continuum
All humans experience stress and a certain level is motivating for learning. However, a high level of stress for prolonged periods of time may have a negative impact. This information focuses on the four stages of stress. Understanding stress assists in maintaining a healthy level.