New York State Poised to Cut 340B Providers’ Medicaid Drug Reimbursement, Could Other States Follow?

New York State lawmakers continue to work on the fiscal year 2021 state budget in the state Capitol in Albany. Budget language released this morning makes clear that lawmakers want to transfer Medicaid managed care pharmacy benefits to Medicaid fee for service and base reimbursement for 340B-purchased drugs on actual acquisition cost plus the state’s professional dispensing fee. When the cuts would kick in is less clear. Source: Shutterstock

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