Nicole Longo @NicoleSLongo
@SMPAGWU and @JHUCarey alum RT ≠ endorsement & Opinions = my own Washington, D.C. Joined July 2011-
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Today, 62 biopharmaceutical researchers met with policymakers across Capitol Hill to discuss the impact of policies that support R&D, as well as how America’s unique innovation ecosystem has resulted in faster access to more treatments for patients. More: phrma.org/Scientific-Inn…
Get the facts: The potential to profit from the #340B program is influencing hospital prescribing trends & raising costs for patients. Congress needs to #Fix340B phrma.org/Blog/The-hidde…
Large pharmacy chains have found ways to financially benefit from the #340B program with little to no benefit to patients. Take a look at 340B hospitals and their contract pharmacies in your state: bit.ly/3SuBg3d #Fix340B
This year, abuse of the #340B program continues to: 1️⃣ Drive up medicine costs for patients 2️⃣ Fuel provider consolidation that shifts patients to more expensive settings 3️⃣ Fail to help vulnerable patients access meds 4️⃣ Pad hospitals’ bottom lines while charity care dwindles
New study confirms what many other studies have pointed out - #340B hospitals significantly markup medicines prices, driving up costs for patients and our health care system. That's a problem Congress needs to look into. #Fix340B
An analysis of Blue Cross Blue Shield claims data showed that hospitals imposed large price markups and retained a substantial share of private insurer spending on physician-administered drugs. Read the Special Article: nej.md/3tX60Sm
A new report finds in 2021 the most profitable 340B hospitals collected nearly $10 in profit for every $1 they invested in free or reduced cost care to vulnerable patients. It's time to reset the balance with 340B. phrma.org/Blog/New-repor…
The #340B program grew - again - yet there is still no evidence our nation's vulnerable patients are benefiting. Big hospitals are profiting, with no strings attached. #Fix340B
Safety-net providers bought a record $53.7 billion worth of medicines under the federal drug discount program last year. trib.al/KbFyXZH
Despite what big hospitals and chain pharmacies will tell you, the 340B program grew dramatically in 2022 to nearly $54B — up 22% from 2021, reports @DrugChannels: drugchannels.net/2023/09/exclus…
The #340B program grew yet again, exceeding $100 billion in sales for the first time in 2022. It would be one thing if the program were actually benefiting patients. Instead, it’s boosting profits for hospitals, for-profit pharmacies and PBMs. Read more: onphr.ma/3PcQ6eM
A number of hospitals in this nonprofit health system also participate in the #340B program. How can they use 340B to help vulnerable patients if they are denying those patients care to begin with? The answer is they aren't. They are keeping 340B profit for themselves.
Allina Health System, which runs more than 100 hospitals and clinics in Minnesota and Wisconsin and brings in $4 billion a year in revenue, sometimes rejects patients who are deep in debt. nyti.ms/45FLX8K
What did they find? “The drug discounts 340B hospital systems receive had no impact on reducing disparities in drug treatments for asthma, or in the disparities of adverse outcomes related to asthma.” #Fix340B
Their hypothesis: “vulnerable populations would experience fewer barriers to care at 340B hospital systems, receive improved drug treatment from such institutions, and, as a result, experience fewer disparities in the care provided and adverse outcomes.”
ICYMI: A new peer-reviewed study from @avalerehealth adds to growing questions about whether the #340B program is helping patients. bit.ly/3OeYl9q
If you need another proof point the #340B program is distorting the market, here it is. Misaligned incentives lead 340B hospitals to prescribe biologics over biosimilars, which can drive up costs for patients and the health care system. bit.ly/44pXMQ6
We’re excited to welcome Thomas Johnson as our executive director. His 30 yrs supporting underserved communities make him the right choice to help save the #340B program for the >30 million Americans who rely on our safety-net. asap340b.org/post/asap-340b…
Over three decades, the #340B program has veered off course as some hospitals & for-profit corporations like pharmacies & PBMs have used it to increase revenue. ICYMI the @WSJ and @NYTimes recently provided vivid and alarming examples of this abuse: nytimes.com/2022/09/24/hea…
“After deductibles and coinsurance are taken into account, patients with health insurance can end up paying more out of pocket than the hospital spends to purchase a drug.” This isn't right. @WSJoutlines how hospitals are profiting off the 340B program wsj.com/articles/340b-…
ICYMI @WSJ takes a look at #340B and how it's often failing patients: "After deductibles and coinsurance are taken into account, patients with health insurance can end up paying more out of pocket than the hospital spends to purchase a drug." wsj.com/articles/340b-…
The #340B program turns 30 today, but there isn’t much to celebrate when you look at all the evidence that it isn’t working for patients. When will policymakers finally fix this program? youtu.be/9ZSgLyxAOuI
Our Word of the Month series spotlights health care terms to promote better health decisions and literacy. This month, we're looking at 340B covered entities, which are part of a federal program intended to help patients afford medicines. So, what is a 340B covered entity?
Stephen J. Ubl @steveubl
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