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December 07, 2004
Medicare presents drug plan coverage map eagerly sought by insurers
The Bush administration said Monday it would carve the country into multiple coverage regions to get private insurers to offer Medicare prescription drug plans and comprehensive health benefits beginning in 2006.
The number and shape of the regions is expected to figure prominently in how many private companies decide to participate in the new drug benefit for older and disabled Americans, the cornerstone of last year's Medicare law. The law's supporters hoped competition between plans would drive patient costs down and enhance benefits.
Insurers could bid to participate in one or all the regions.
Posted by Tom Troceen