Medicare Pharmacy Benefit Act of 2002

[AI summary unavailable — showing source text] Medicare Pharmacy Benefit Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to establish the Medicare Pharmacy Benefit Program to provide drug discounts, catastrophic benefits, and medication review and medication therapy management. Requires the Secretary of Health and Human Services establish an open enrollment process for eligible beneficiaries and provide that applications to enroll under the Program may be collected by pharmacy providers, manufacturers, or their agents. Requires that Pharmacy Benefit Administrators process applications for enrollment. Requires the Secretary to provide for the broad dissemination of information to eligible beneficiaries regarding enrollment. Requires the Secretary to establish a process to accept bids and award contracts to administer benefits. Establishes within the Federal Supplementary Medical Insurance Trust Fund a Pharmacy Benefit Fund to reimburse the Pharmacy Benefits Administrator and participating pharmacy providers, and to pay for cost of providing benefits.…