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A Bipartisan Regulatory Reform Opportunity: 340B

March 23, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Despite the rancor, there are many bipartisan opportunities for the divided 118 th Congress. Near the top of the to-do list should be reforming the well-intentioned, but poorly designed, 340B drug discount program. 340B enables qualifying institutions to purchase medicines from manufacturers at steep discounts, generally between 25% and 50% off list price, but sometimes even larger. These discounts are supposed to improve the capacity of the clinics and hospitals serving a disproportionate share of low-income and uninsured patients. More and more, this is not how the program is working. Instead of subsidizing a small number of clinics and hospitals, 340B has become the second largest drug discount program in the country. Over the most recent 5 years, the value of 340B drug purchases have grown over 22% annually. A large contributor to this expansion is the Affordable Care Act (ACA) that increased the size of the … [Read more...] about A Bipartisan Regulatory Reform Opportunity: 340B

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