A taxpayer subsidy program intended to help vulnerable people afford medicine isn’t working as intended, according to a new study from the California-based, free-market Pacific Research Institute.
The 340B program, named for section 340B of the Veterans Health Care Act of 1992, is administered by the Health Resources and Services Administration (HRSA). The 340B program aims to provide discounted drugs to boost vulnerable populations’ access to medicine. Participating manufacturers provide qualifying clinics and hospitals discount up to 50% or more of the costs for outpatient drugs, otherwise, their drugs will not be covered by Medicaid.
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