What is the 340B Drug Pricing Program?
The 340B program requires drug manufacturers to sell outpatient drugs at a discount to safety-net providers serving high numbers of low-income Medicare, Medicaid and Supplemental Security Insurance patients. Congress created the program to allow these providers to “stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services.”
Savings from the program help fund free and low-cost medications as well HIV/AIDS, diabetes, cancer, dental, and primary care clinics that serve our most vulnerable citizens.
Resources to learn more about the 340B program:
Our 340B Story
Cass County Memorial Hospital uses 340B savings to increase access to healthcare for our community and to support an uncompensated care program that in part provides free and/or reduced medications for qualifying patients with acute and chronic diagnoses. Our 340B savings may help provide individuals with prescription drugs free-of-charge. Savings also help insured patients cover expensive oncology medication and help Medicare patients pay for drugs (out-of-pocket expenses) while these patients are in the gap of their Medicare Part D Plan.
Learn more by downloading our one-page statement on 340B in Action and 340B By the Numbers at Cass County Memorial Hospital:Our 340B Story