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Prescription Drug Discount Card Program

A program developed by the Medicare Modernization Act of 2003 that offers eligible Medicare beneficiaries access to discount prices (10 to 25 percent) on a variety of prescription drugs. The program offers certain low-income individuals a $600 per year subsidy towards drug coverage.

Reinsurance

Insurance for insurance providers that have higher than anticipated health care claims. This program seeks to lower the premium insurers charge by limiting the high…