More Savings, More Choice Prescription Drug Act of 2002

H.R. 4751, the More Savings, More Choice Prescription Drug Act of 2002, proposed the creation of a voluntary prescription drug benefit under Medicare, known as Part D. The bill was designed to provide all Medicare beneficiaries with access to subsidized prescription drug coverage, with additional financial assistance for low-income individuals to help cover premiums and out-of-pocket costs.

For everyday citizens, this legislation would have shifted the cost of many outpatient medications from the individual to the federal Medicare program, while also coordinating benefits for those enrolled in both Medicare and Medicaid. Additionally, it sought to standardize prescription drug coverage within private Medicare+Choice plans and supplemental "Medigap" policies to ensure a consistent level of benefits across different insurance options.