340b Benefits Who?

The 340b program has become a huge revenue generator for health systems, PBM’s, and other intermediaries.

Congress created the 340B Drug Pricing Program to help vulnerable patients access medicines at safety net facilities. Under the program, manufacturers are required to provide steep, mandatory discounts on outpatient medicines to certain safety net clinics and qualifying hospitals.

The following article illustrates another governmental program with both intended and unintended consequences.

https://www.drugchannels.net/2021/09/exclusive-340b-program-soared-to-38.html

Government mandated discounts are not always passed on to consumers. Intermediaries can profit by taking all or part of the discount.

WHAT IS THE 340b PROGRAM?

https://en.wikipedia.org/wiki/340B_Drug_Pricing_Program

RiskManagers.us is a specialty company in the benefits market that, while not an insurance company, works directly with health entities, medical providers, and businesses to identify and develop cost effective benefits packages, emphasizing transparency and fairness in direct reimbursement compensation methods.

MedSave Management LLC, provides medical balance billing representation & direct provider contracting on behalf of employer sponsored health & welfare plans.

 

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