340b Program Pros And Cons

Government Policies- 340B 2 There’s no such thing as a free lunch, they are often the most expensive. There is also no such thing as free prescription medications. The federal government offers a benefit in lieu of policies that would address the problems with the nation’s health care system. The 340B drug discount program is an example of the free lunch mentality. The U.S. health care system is very fatally flawed through retail prices for prescription medications those are way too expensive for some people to afford. In 1992 the 340B program was created by President George H.W. Bush and Congress in response to this
There are now 20 percent of the nation’s retail pharmacies that have a contract for the
340B program. The program has helped many people from providers to taxpayers too. Providers can now offer their low-income patients’ lower-priced care and patients who would otherwise be receiving taxpayer subsidized care no longer need it, therefore saving taxpayers money. Hospitals benefit also because insurance companies reimburse them based on the market price of prescription medications, even though the hospital costs are based on the program. In this case the hospitals are able to earn a profit. Unfortunately the 340B program is not free. The costs of this program are hidden from public view. They are initially imposed on insurance companies and pharmaceutical manufacturers, but

Government Policies-340B 3 are not confined to just those industries. The costs are ultimately integrated into the overall healthcare system and are manifested through rising insurance premiums, declining