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The Medicare Modernization Act of 2003; How America Can Invest in a Healthier Future

Tuesday June 2004


Mark McClellan, M.D., Ph.D. Administrator, Centers for Medicare & Medicaid Services Former Commissioner, Food and Drug Administration (2002-2004)

The rapid “graying” of American and European populations is presenting policymakers with unparalleled new challenges, from constraining rising health care costs to ensuring widespread access to innovative new technologies that help alleviate the ravages of old age.

The Medicare Modernization Act of 2003 is one of the first steps in transforming America’s health care system to meet these challenges. CMS Administrator Mark McClellan will discuss how the MMA is improving the process for developing new medical technologies and generating better information about medical products so that patients and healthcare providers can make more high-value, cost-effective use of new medical innovations.