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Originally enacted to help eligible safety-net providers buy medicines at steep discounts and pass the savings on to lower-income and vulnerable patients, the program has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]
The other day, President Joe Biden accused voters of the opposition party of turning to "semi-fascism." This is probably the first time in American history a president has openly attacked the opposing party's constituents in this way.
Then again, Biden, who once alleged that the chaste Mitt Romney was harboring a desire to bring back chattel slavery, is prone to stupid hyperbole. And it's true that most people who throw around the word "fascist" fail to do so with much precision. These days, the word "democracy," like "fascism," has lost all meaning.…
