When did the Medicare Modernization Act (MMA) become law?

The Medicare Modernization Act (MMA) became law in 2003. This landmark legislation introduced significant changes to Medicare, including the creation of a prescription drug benefit, known as Medicare Part D. The act aimed to improve the affordability and accessibility of prescription medications for Medicare beneficiaries, as well as enhance the overall Medicare program.

The passage of the MMA marked a pivotal moment in healthcare policy, expanding the role of private insurance plans in Medicare and offering seniors and individuals with disabilities more choices regarding their healthcare coverage. Understanding the timing of the MMA's enactment is important for those in the compliance field, as it has shaped the regulatory landscape and influenced compliance measures affecting Medicare policies and practices.