340B Drug Pricing Program Contributes to Rising Healthcare Costs and Is Ripe for Reform
The U.S. House Energy & Commerce Committee's Health Subcommittee today will host the third hearing in its health care affordability series, specifically examining the role providers and hospitals play in shaping the cost of care for Americans.
While the hearing will likely examine numerous issues, there is none more ripe for reform than the flawed 340B drug pricing program.
Originally enacted to help eligible safety-net providers buy medicines at steep discounts and pass the savings on to lower-income and vulnerable patients, the program has ballooned as a revenue stream for many participating hospitals and contract pharmacy chains.
As the size and complexity of the 340B program has expanded, participating hospitals and contract pharmacies have instead used the program to increase…[more]
Joe Biden’s shopworn habit of scapegoating Vladimir Putin for consumer inflation and higher gas prices has by now reached the point of farce.
Americans rightly reject Biden’s tiresome alibi, since inflation ascended from 1.4% in January 2021 to 7.9% during the 13 months of his presidency before Russia invaded Ukraine in February 2022. Today inflation stands at 9.1%, a mere 1.2% increase since the invasion. The simple reality is that inflation accelerated sharply the moment Biden entered the White House, and hasn’t stopped.
Even to the extent…
