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	<title>New answer on: Is Medicare Part D Government Funded?</title>

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		<title>By: James Elbaum</title>

		<link>https://insurancelibrary.com/medicare-insurance/is-medicare-part-d-government-funded</link>

		<dc:creator>James Elbaum</dc:creator>

		<pubDate>Thu, 10 Apr 2014 13:04:36 +0000</pubDate>

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		<description><![CDATA[Medicare Part D, otherwise known as the Medicare prescription drug benefit, is a government subsidized program that was part of the 2003 Medicare Modernization Act.  The MMA didn&#039;t go into effect however until 2006.  Medicare Part D is available to Individuals as long as they are signed up for Part A and Part B.  Once in force there are two plans to choose from depending on whether there insurance is private or public.

As a rule of thumb, not all medications are covered under Medicare Part D.  In addition, the program delivers a strong incentive to choose generic drugs over name brand drugs.


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