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U.S. HHS approves 28 private sponsors to provide drug-discount cards

Published in Managed Care Weekly Digest, April 19th, 2004

The U.S. Department of Health and Human Services (HHS) has approved 28 private sponsors to provide seniors and people with disabilities savings on their prescription drugs, beginning June 1, 2004.

With the new cards, Medicare beneficiaries will receive discounts on prescription drugs, and low-income beneficiaries may receive an additional $600 to pay for their prescription medicines in both 2004 and 2005.

HHS Secretary Tommy Thompson said the competition between organizations offering cards, as well as the public display of the prices the cards offer for prescription medicines, will help drive down prices so that seniors get the best savings on their...

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