Articles by : Shannon Young, Associate Editor/Senior Writer

CBO Analysts Say Drug Spending Through 340B Grew 19% Annually From 2010 to 2021, 340B Champion Points Finger at Drug Industry

June 21, 2024 Shannon Young, Associate Editor/Senior Writer Views

Spending on pharmaceuticals in the 340B drug discount program went from nearly $7 billion in 2010 to $44 billion by 2021—a 19% annual increase—according to preliminary Congressional Budget Office estimates released this week.

Spending on pharmaceuticals in the 340B drug discount program went from nearly $7 billion in 2010 to $44 billion by [...]

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GAO Reissues Recommendations to Improve 340B Compliance, Medicare Financial Stability

June 21, 2024 Shannon Young, Associate Editor/Senior Writer Views

The Government Accountability Office this month recommended that HHS and Congress take long-proposed actions to better ensure 340B program compliance and Medicare’s financial stability.

HHS and Congress should each take long-proposed actions—including a contentious action to curb certain Part B prescribing incentives—to better ensure [...]

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Group Representing Large Community Health Centers Slams 340B Bill Endorsed by NACHC and PhRMA

June 18, 2024 Shannon Young, Associate Editor/Senior Writer Views

The health center advocacy group behind a proposed 340B program alternative recently slammed the 340B ACCESS Act, saying the newly introduced drug discount program overhaul bill would make it harder for members to leverage the 340B program and care for patients.

The health center advocacy group behind a proposed 340B program alternative recently slammed the 340B ACCESS Act, saying the newly [...]

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Despite Unanimously Passing Senate, Rhode Island Fails to Pass Contract Pharmacy Protection Bill

June 18, 2024 Shannon Young, Associate Editor/Senior Writer Views

The U.S. House passed a bipartisan bill Tuesday evening to streamline Medicaid enrollment for pediatric providers that would also increase reporting requirements for certain 340B providers.

A state Senate-endorsed bill that would have prohibited 340B contract pharmacy restrictions in Rhode Island failed to clear the legislature [...]

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In Stinging Op-Ed, West Virginia Senate Leader Bashes Drug Industry and Rejects Efforts to Politicize 340B Program

June 13, 2024 Shannon Young, Associate Editor/Senior Writer Views

West Virginia Senate President Craig Blair (R), who also serves as the state’s lieutenant governor, told 340B Report that he’s weighing potential litigation against Stand for Us PAC, which has claimed credit for the GOP leader’s May 14 primary loss. (Photo courtesy: WV Senate.)

A key West Virginia lawmaker this week hit back against efforts to tie the 340B program to partisan politics, arguing [...]

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Supreme Court to Review Case that Could Result in More Hospitals Qualifying for 340B Program

June 13, 2024 Shannon Young, Associate Editor/Senior Writer Views

Supreme Court Justices announced in a June 10 order that they’d review the U.S. Court of Appeals for the D.C. Circuit’s September 2023 decision in Advocate Christ Medical Center v. Becerra.

The U.S. Supreme Court this week agreed to take on a case that potentially could expand the number of hospitals [...]

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Bausch & Lomb Becomes 35th Manufacturer to Impose Contract Pharmacy Restrictions, Policy Applies to All 340B Entities

June 11, 2024 Shannon Young, Associate Editor/Senior Writer Views

Canadian drug manufacturer Bausch & Lomb announced contract pharmacy restrictions that apply to all 340B covered entity types.

Canadian drugmaker Bausch & Lomb announced last week that, beginning July 1, it will no longer offer 340B discounted products [...]

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Mount Sinai Reports 340B Pharmacy Revenue Losses in Early 2024

June 11, 2024 Shannon Young, Associate Editor/Senior Writer Views

New York City-based Mount Sinai Hospital reported significantly decreased 340B pharmacy revenue at the start of 2024.

A major New York City hospital reported that decreased 340B pharmacy revenue helped drive millions in year-over-year losses in one [...]

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New York Unlikely to Move 340B Contract Pharmacy, PBM Protections Bill in 2024, Sponsors Say

June 6, 2024 Shannon Young, Associate Editor/Senior Writer Views

New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers' and pharmacy benefit managers' (PBMs) policies against covered entities and N.Y. pharmacies based on their 340B participation.

New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers and pharmacy [...]

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Sobi Becomes 34th Drugmaker to Implement Contract Pharmacy Restrictions, Exelixis Tightens Contract Pharmacy Policy

June 6, 2024 Shannon Young, Associate Editor/Senior Writer Views

California-based Exelixis, a specialty manufacturer with two high-priced drug products on the market, announced it is further restricting contract pharmacy access to 340B hospitals in a May 31 letter published on 340B ESP.

Swedish biopharmaceutical company Sobi announced this week that beginning July 1 it will implement 340B contract pharmacy restrictions, making the [...]

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