No, that is not adequate. The physician has to be specific about what medications are being managed, not just vaguely "we'll manage what we're managing."
It might help the physician to remember that the documentation for the visit is a legal, official record and it does a lot more than just "get them credit" to bill a higher E/M level. If another provider or an auditor looked at that note for that visit, is the physician clearly conveying what their thought process was and what was done?
Here's one citation from the AMA. You should be able to find policies from your Medicare MAC that would give the same guidance.
page 4 of PDF
Common Challenges and Opportunities
Appropriate documentation of prescription drug management continues to be an opportunity for many physicians.
Doctors need to know that simply adding the current medication list to the progress note is not adequate. Prescription
drug management is based on documented evidence that the physician has evaluated medications as part of a service
that is provided.
Physicians should make a direct connection between the medication that is prescribed to the patient and
the work that was performed on the day of the clinic visit, such as: “Stable hypertension; continue valsartan 10 milligrams,
will refill for 4 months until next follow-up visit.” Simply stating that the medication list was reviewed will not meet the
definition of prescription management.