Inside The Little-Known Drug Program Making Big Hospitals Billions

Inside The Little-Known Drug Program Making Big Hospitals Billions Authored by Sylvia Xu, Lawrence Wilson via The Epoch Times,Hospitals that benefit from a government program intended to help safety-net institutions end up spending less on charity care than other hospitals, a new study has found, as federal policymakers move to reform the $244 billion initiative.The 340B Drug Pricing Program allows certain healthcare providers to buy prescription drugs at a steep discount and sell them to patients at retail prices, keeping the difference to supplement their income.The program was created more than 30 years ago to give a financial boost to rural hospitals, hospitals serving a disproportionate share of Medicaid patients, and...

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