CMS announced late today that they are reversing significant Medicare cuts to 340B hospitals.

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In Big Win For 340B Hospitals, CMS Will Reverse Massive Drug Reimbursement Cut for 2023 and Seeks Input on Potential Remedies for Prior Years

The U.S. Centers for Medicare and Medicaid Services “fully anticipate[s]” applying a Medicare Part B reimbursement rate next year of average sales price ASP plus 6% to drugs and biologicals purchased through the 340B program, CMS announced late this afternoon.

“We are still evaluating how to apply the Supreme Court’s recent decision to prior calendar years,” CMS said in a fact sheet about its calendar year 2023 hospital Outpatient Prospective Payment System (OPPS) proposed rule, published for public inspection on July 15.

The U.S. Centers for Medicare and Medicaid Services “fully anticipate[s]” applying a Medicare Part B reimbursement rate next year of average sales price ASP plus 6% to drugs and biologicals purchased through the 340B program, CMS announced late this afternoon.

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