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February 2004
 Medicare Part D: A
Summary
At the end of 2003,
the Congress passed and President Bush signed legislation spending
$400 billion to create a new Medicare Part D prescription drug
benefit for 41 million seniors, working age adults with
disabilities, and children with disabilities. Starting in June
2004 until January 2006 Medicare beneficiaries will receive
Medicare Prescription Drug Discount Cards. While the amount of the
discount is as yet undetermined, low-income beneficiaries will
have $600 added in 2004 and in 2005 on top of the discount. Some
estimates are that the basic discount will amount to about 15
percent of drug costs.
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