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Originally enacted to help eligible safety-net providers buy medicines at steep discounts and pass the savings on to lower-income and vulnerable patients, the program has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]
America's debt crisis is no longer a distant concern; it's an immediate threat with immediate consequences. Some politicians – perhaps realizing that it's become more difficult to ignore the problem and avoid repercussions – are turning to executive action. This includes the Trump administration's embrace of Elon Musk's increasingly active Department of Government Efficiency.
It's an unorthodox approach that may make some important progress reducing fraud and improving efficiency. But it isn't foolproof or without tremendous risks.
Federal debt stands at approximately…
