Top Tweets for #Factsof340B
Fun fact from #MedPAC @medicarepayment: Hospitals' all-payer operating margins reached a "record high" of 8.7% in 2021
Federal relief COVID-19 funds added 1.5% to margins
#FacesOf340B #FactsOf340B #340B
https://t.co/fVl2xXZbtd
Many of the hospitals that started participating in #340B during or after 2010 are small #ruralhospitals. These hospitals use 340B savings to keep their doors open and provide care close to home. https://t.co/wUHUvlXgOn #Factsof340B #Protect340B
Shameful per @KFF: For 2020, nonprofit #hospitals got $28 billion in tax exemptions and (per Drug Channels estimates) earned ~$15 B in #340B spreads
Meanwhile, total charity care costs were only $16B...
#FacesOf340B #FactsOf340B
https://t.co/Lgh9v85THT
#340B hospitals care for a high percentage of patients living with low incomes. This demonstrates that these hospitals are meeting Congress’s intent for the program. #Factsof340B #Protect340B
#Factsof340B: Medicare and Medicaid cover drug companies’ products in return for their participation in #340B. Taxpayers don’t pay a cent for 340B discounts. https://t.co/E7fF96v8Sh #Protect340B #DrugPricing
Many of the hospitals that started participating in #340B during or after 2010 are small #ruralhospitals. These hospitals operate on razor-thin margins and need 340B savings to help keep their doors open. #Factsof340B #RuralHealth #Protect340B
When are #340B discounts larger than 23.1%? When drugmakers raise their prices faster than the rate of inflation. Read more #Factsof340B: https://t.co/YCdw1kcvf7 #Protect340B
Per new @BRGexpert analysis, #340B #hospitals are grabbing an even bigger share of #Medicare #PartB:
- 36% of total Part B market
- 74% of hospital portion
#Physician offices getting squeezed out or acquired...
#FactsOf340B #FacesOf340B
https://t.co/peIs0PF2jV
Looking for an overview of #340B research? Click here and share with colleagues and policymakers. https://t.co/dIjmScOthb #Factsof340B #HealthPolicy #Protect340B
Going up! @BRGexpert projects discounted #340B purchases will nearly double, from $45B in 2021 to $93B in 2027
It’s long past time for legislators to revisit the out-of-control and unregulated 340B program.
#FacesOf340B #FactsOf340B
https://t.co/w6B07mSMoi
Highly readable summary of #340B in 2022—plus a sensible plea for "comprehensive and serious effort at making the program smaller but better targeted"
Likely reaction from @340BHealth: 🙈🙉🙊
@JamesKGlassman1 @bostonherald #FacesOf340B #FactsOf340B
https://t.co/gtbJdbpby0
Did you know that President George H.W. Bush signed #340B into law on Nov. 4, 1992?
340B has enjoyed bipartisan support across five administrations, 15 Congresses, thousands of communities, and millions of Americans. #Protect340B #Factsof340B
Here’s a Friday fact: #340B hospitals care for more patients with low incomes than non-340B hospitals. See what else the research finds about the care 340B hospitals provide for patients in need. https://t.co/rMUIYlbtbv #Protect340B #Factsof340B
Powerful words from Mayor Stoney about the need to reform #340B after last week's @nytimes story about Bon Secours: "It is immoral to profit off the backs of Black and Brown residents under the guise of 'healthcare,' and it must cease immediately."
#FacesOf340B #FactsOf340B
We strive to build equity into everything we do, and expect organizations serving our community to share those values.
That’s why I am asking @HHSGov, @SecBecerra, to investigate the deeply troubling use of section 340B by Bon Secours reported by the @nytimes.
For nearly three decades, safety-net hospitals have partnered with community and specialty pharmacies to provide access to medications and health services.
Learn the #Factsof340B about these partnerships in this video. https://t.co/XZxBy3EAdY #340B #Protect340B
Sickening story about #340B #hospital Bon Secours Mercy Health:
- $440M tax breaks
- Huge #340B #drug profits
- $1 BILLION in profits
- $9B cash reserves
But hounds poor patients and slashes services in less-wealthy communities
https://t.co/1cxHmGflDr
#FactsOf340B #Facesof340B
#Factsof340B: The average #340B DSH hospital had an operating margin of -6.1% in FY 2020. 340B savings are needed to help these safety-net hospitals stretch their limited resources. https://t.co/YGzyg0YvU8 #Protect340B
Two-thirds of the nation’s uncompensated care to patients in need is provided by #340B hospitals. That’s worth applauding and sharing. https://t.co/MFJLpIues1 #Factsof340B #Protect340B
Good coverage by Ed Silverman @pharmalot of surprising 2021 #340B purchase data
Article includes my $0.02 along with highly defensive spin from @340BHealth
@statnews #FactsOf340B #FacesOf340B
https://t.co/CAUPOJJYtS
No surprise if you've been paying attention: "Big #Hospitals Provide Skimpy Charity Care—Despite Billions in Tax Breaks"
But they still needs piles of #340B $$$, right?
Great reporting from @annawmathews @mcgint @_melaevans @WSJ
#FactsOf340B
https://t.co/evqKIgEL56
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