Document Type
Conference Proceeding
Publication Date
10-2018
Abstract
The 340B Drug Pricing Program, created by Congress in 1992 through the Veterans Health Care Act, has provided discounted drug prices to hospitals and other health care organizations serving a wide population of low-income patients. Some 340B programs use contract pharmacies, an arrangement whereby the hospital or health care organization signs a contract directly with a pharmacy to provide covered pharmacy services at discounted prices.
The federal 340B Drug Pricing Program has provided access to reduced price prescription drugs to over 35,000 individual healthcare facilities and sites certified by the U.S. Department of Health and Human Services (HHS), and clinics have served more than 10 million people in all 50 states, plus commonwealths and U.S. territories. The 340B program has increased profits for hospitals through contract pharmacies because they have still received the same reimbursement but acquired drugs at a lower rate.
Recommended Citation
Paul III, D. P., Lucado, M. C., Ruley, M., Sayre, H. & Coustasse, A. The 340B Program, Contract Pharmacies and Hospitals: An Examination of the First 25 Years of their Increasingly Complex Relationship. Proceedings of the Northeast Business & Economics Association 2018 Conference (pp. 237-244). Galloway, NJ.
Included in
Business Administration, Management, and Operations Commons, Pharmacy Administration, Policy and Regulation Commons
Comments
This paper was presented at the Northeast Business & Economics Association Forty-Fifth Annual Conference, October 25-27, 2018 in Galloway, New Jersey. Presentation slides are included as a supplemental file.
Copyright © 2018 The Authors. All rights reserved.