New Medicare Policy to Guarantee Beneficiaries Receive Preferred Drugs

May 15, 2006 New Medicare Policy to Guarantee Beneficiaries Receive Preferred Drugs On April 26, 2006, the Bush administration issued a new policy that protects Medicare beneficiaries against sudden loss of coverage for drugs they are taking under the prescription drug program. The policy is an effort by the Centers for Medicaid and Medicare Services (CMS) to avoid a "bait and switch" situation, where a person enrolls in a plan only to find out later that their current prescriptions are no longer covered by that insurer. Under the policy, insurers are permitted to change their list of covered drugs, known . . .