Over the years, perscriptions for all people especially senior citizens, have become increasingly expensive. The Medicare Modernization Act was meant to address this problem. Under the MMA the government is prohibited from negotiating discounts with drug companies as well as establishing a formulary. It prohibitied the government from providing medicare directly, yet put no restraints on private providers.
Therefore, I believe that the Medicare Perscription Act of 2004 also known as the Medicare Modernization Act somewhat accomplished its goals. I believe it did not benefit one private provider, but instead benefited the industry as a whole. It provided more business and opportunities for private holders, and granted citizens more opportunity to gain access to medicare plans, and thus perscriptions.
