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There are a multitude of prescription drug plans that provide various ranges of coverage for Medicare recipients all over the United States. Based off of geographic location, preferred status, and formularies that address prescriptions uniquely, Part D insurance providers ensure that the perfect plan is available for everyone. However, there are always changes. The plans change their coverage each year, thus affecting how much Medicare patients will pay. But then there are other irregular sources of change that can cause large problems for Medicare recipients: plan suspensions and acquisitions.
Why is MTM necessary? Drug therapy problems present a serious issue in healthcare in the United States. According to the American Society of Consultant Pharmacists (ASCP), experts estimate that 1.5 million preventable adverse events occur each year, resulting in $177 billion in injury and death.
Why is this a problem? Medication non-adherence can be defined as either the intentional or unwitting failure to take medications as prescribed. By not following the prescriber's orders correctly, the patient will experience decreased effectiveness of treatment which can lead to the worsening of their condition.
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