340B Health’s Post

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Here are the ABCs of #340B: how it works, and the congressional intent behind this successful, bipartisan program that requires no taxpayer dollars to fund care. A. Safety-net hospitals, health centers, and clinics that serve a large portion of uninsured, underinsured, or rural patients receive discounts from drugmakers on eligible outpatient drugs. When an insured patient receives one of these drugs, the difference between the 340B price and the reimbursement rate generates cost savings for the provider. B. 340B providers use those savings to fund health care services and programs best suited to their community’s needs. Examples could include building a state-of-the-art cancer center, providing free or discounted drugs to low-income patients, keeping a hospital’s doors open in a rural area, and much more. C. By receiving more access to crucial care, patients’ health outcomes improve, and the entire health care system saves money in the long run due to lowered emergency room and hospital readmissions. #Becauseof340B #Pharmacy #HealthPolicy

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