Hospitals Score, Patients are Left Behind
As the 340B program continues to expand, hospitals’ profit margins increase but patients rarely see the benefits. The program was designed to generate revenue from discounted medicines so hospitals could invest these profits into charity care. The multi-billion dollar program does not require transparency or accountability from hospitals for how these profits are spent. Nonprofit hospitals often use 340B revenue to expand into wealthy areas, acquire other hospitals, or even put their names on football stadiums, leaving patients who desperately need discounted care in the dust. Our Health Equity advocates for large-scale reforms to the 340B program that ensure patients have access to the medicine they need at a reasonable price. Read more here.