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The Medicare Modernization Act (MMA) tasked the Centers for Medicare & Medicaid Services (CMS) with implementing the Part D benefit. In designing the benefit to take effect in 2006, CMS took several steps to ensure that Part D plans offered a robust formulary design. For example, a Part D plan must offer at least two drugs in every category or class of drugs (unless there is only one drug in the therapeutic category or class). In designing the two-drug policy, CMS wanted to “ensure sufficient drug choice for beneficiaries.” Click "Read More" to view the final rule.
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March 2021
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