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[The following is a paid advertisement.]
Why do hospitals want to protect the federal 340B program? Because it helps them care for patients. The 1992 program, created by Congress, has allowed hospitals serving many uninsured and low-income patients to “stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services.”
Pharmaceutical manufacturers agreed to expand 340B in 2010 to include more hospitals, but in 2020 began imposing restrictions on 340B providers to protect their bottom line and hundreds of billions of dollars in annual revenue.
Big Pharma claims patients aren’t benefiting from 340B. Here’s the truth:
• Hospitals put 340B savings toward addressing critical community health needs.
• Those savings provide access to low-cost medications and financial assistance to low-income patients.
• 340B hospitals can also offer essential services, such as obstetrics, oncology and inpatient psychiatric care.
The Illinois Patient Access to Pharmacy Protection Act, House Bill 2371 SA 2, reinforces 340B through the State’s authority to regulate the distribution of drugs and protect access to healthcare. Big Pharma’s 340B restrictions have slashed the savings from discounted drugs that over 100 Illinois hospitals rely on to reduce drug costs for patients and expand healthcare services.
Vote YES on HB 2371 SA 2 to restore 340B and help Illinois’ most vulnerable communities. Learn more.
posted by Advertising Department
Tuesday, Oct 21, 25 @ 8:31 am
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