Congress created the 340B program in 1992 to fix a problem it had created two years earlier when it implemented price controls, or rebates, in the Medicaid drug benefit program. As a condition to participate in Medicaid, pharmaceutical companies must also partake in the 340B program, giving significant discounts of between 20-50 percent, to certain federally-funded […]
President Trump has made lowering drug prices and reducing healthcare costs for Americans a top priority of his second term, along with encouraging more biopharmaceutical investment and innovation in the U.S. Citizens Against Government Waste suggests that he can achieve both objectives without imposing price controls, which includes Most Favored Nation (MFN) polices, reforming the […]
The 340B Drug Discount Program was created in 1992 to help federally funded clinics and public hospitals that serve a large uninsured population cover the cost of drugs and provide discounts to patients. But the lack of guardrails on the program and failure to define a patient has led to it being abused by hospitals […]
The federal 340B Drug Pricing Program was intended to provide discounts on drugs to patients but the lack of a clear intent and patient definition, along with inadequate oversight, has led to the program being exploited by hospitals and contract pharmacies to generate millions of dollars in profit. The discounts are supposed to be provided […]
This Week in Waste highlights how taxpayer dollars are being wasted and efforts to fight back against this waste.
President Trump’s EO addresses the dual objectives of lowering drug prices while promoting innovation and protecting IP
Prices controls have always disrupted the marketplace and created shortages or excesses.
The Inflation Reduction Act will ultimately raise drug costs and reduce future cures.
Pharmaceutical price controls in President Biden’s budget and the SMART Choices Act will devastate drug development.
Price controls will result in the loss of life due to a lack of future research and development.
