Sen. Bill Cassidy (R-LA) (Francis Chung/POLITICO via AP Images)

Sen. Bill Cas­sidy calls on hos­pi­tals to pro­vide more in­for­ma­tion on how they use 340B funds

Sen. Bill Cas­sidy (R-LA) has called on two hos­pi­tal sys­tems to pro­vide more in­for­ma­tion on how they use funds gen­er­at­ed through the 340B pro­gram.

Con­gress es­tab­lished the 340B pro­gram in 1992 re­quir­ing drug man­u­fac­tur­ers to of­fer dis­counts to health sys­tems and hos­pi­tals serv­ing low-in­come pop­u­la­tions. The pro­gram gen­er­ates rev­enue un­der cer­tain cir­cum­stances when in­sur­ance re­im­burse­ments ex­ceed the max­i­mum price a man­u­fac­tur­er can charge, al­so called the 340B price.

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