Federal judge blocks Trump administration's cuts to discount drug program
Source: The Hill
BY JESSIE HELLMANN - 12/28/18 11:43 AM EST
A federal judge has blocked the Trump administration's cuts to a Medicare drug discount program.
Judge Rudolph Contreras ruled that the administration illegally reduced Medicare payments to hospitals through the 340B Drug Pricing Program by 30 percent or about $1.6 billion a year through a rule took effect in January.
The 340B program requires drug manufacturers to give participating hospitals discounts on some outpatient drugs. Medicare then reimburses these hospitals at a higher rate than what they paid for drugs, allowing the facilities to take the savings and reinvest into services to help their patients.
But the administration reduced that reimbursement rate through the rule change. The hospitals argued the changes threatened "critical services" it provides to the communities, including for underserved populations.
Read more: https://thehill.com/policy/healthcare/423111-federal-judge-permanently-blocks-trump-administrations-cuts-to-discount
Achilleaze
(15,543 posts)RKP5637
(67,104 posts)KY_EnviroGuy
(14,490 posts)Cut government funding for those with the least voice and power.........
SergeStorms
(19,193 posts)to the wealthiest Americans, who will then "trickle down" boatloads of money to everyone beneath them. Right?
Have a happy and safe New Year's celebration, KY.
KY_EnviroGuy
(14,490 posts)My party days are long past and nowadays it's more like gratitude for making another year, LOL.
I have to be the oddball and call it trickle-up economics. All our pennies trickle up to the wealthy......
........