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The Medicare Modernization Act of 2003 & how it costs taxpayers by Richard Lewis

Richard Lewis will describe his experience as the nation's leading technical expert on drug card programs from[masked], and his role designing and implementing programs for Pfizer, Merck, Eli Lilly, and eventually the Medicare Part D program itself. He will step through the confusing and carefully crafted path that began in 2001 and resulted in legislation with mechanisms for pharmacuetical corporations to reap profits of tens of billions of taxpayer dollars per year.

In 2003, the Bush administration aggressively pushed for the creation of Medicare Part D, a subsidized drug benefit program for seniors and people with disabilities. The program was passed with The Medicare Modernization Act of 2003.  In the preceding years, the pharmacuetical industry spent billions of dollars on lobbying efforts and developing precursor discount drug card programs.   

We'll go to the Blue Moose afterwards.

Cole Morgan[masked]

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  • LarryJ

    Richard did a superb job of organizing his material and presentation to tell us a somewhat disturbing story of how Medicare D (the Medicare Drug Program) came into being. His experience with designing and implementing programs for several drug manufacturing clients put him in a front row seat during the move from drug card programs to today’s Medicare Part D. The positioning of these companies led them to end up with the largest market share of Part D providers through clever business moves and almost limitless lobbying to get the law passed. Thanks, Richard, for sharing a lot of almost hidden information on this program.

    1 · September 1, 2013

  • cole m.

    Great night Richard. You brought up many issue we should be aware of in our daily life.

    1 · September 1, 2013

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