Hospital 340B Drug Program Explained
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Hospital 340B Drug Program Explained
Under the 340B Drug Program, the Department of Health and Human Services Requires Pharmaceutical Manufacturers to Give Discounts on Medications to Hospitals That Provide Care to Low Income Patients. The 340B Program Mandates a 13% Discount on Generics and a 23% Discount on Brand-Name Medications Sold to Hospitals. The 340B Program Was Put Into ...
17.9K viewsJan 20, 2021
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340B Drug Pricing Program Eligibility and Enrollment
The federal 340B program requires drug makers to sell their products to some hospitals at a discount. Hospitals and contract pharmacies can then resell them and pocket the difference. It’s a case of the government picking winners (hospitals) and losers (drug manufacturers) among private market participants. Hospitals argue that they need the money to help patients. That is, they use the extra revenue from the program to cut costs or provide free care for those in need. But Jarrett Skorup of the
The federal 340B program requires drug makers to sell their products to some hospitals at a discount. Hospitals and contract pharmacies can then resell them and pocket the difference. It’s a case of the government picking winners (hospitals) and losers (drug manufacturers) among private market participants. Hospitals argue that they need the money to help patients. That is, they use the extra revenue from the program to cut costs or provide free care for those in need. But Jarrett Skorup of the
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1.1K views1 month ago
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