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Originally enacted to help eligible safety-net providers buy medicines at steep discounts and pass the savings on to lower-income and vulnerable patients, the program has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]
In today’s polarized culture, debate is characterized more often by normative subjectivity than empirical objectivity.
Even where one side in a debate possesses an advantage of common sense and lessons learned through experience, objective resolution is often impossible and people must simply agree to disagree.
It’s therefore refreshing when a matter of common debate becomes subject to quantifiable fact and demonstrable correlation. Such is the case in the ongoing debate over the merits of economic freedom versus greater government control. …
