FOR IMMEDIATE RELEASE
Statement attributable to:
Bruce Siegel, MD, MPH
President and CEO
America’s Essential Hospitals
WASHINGTON — Today’s executive order to lower drug prices includes significant Medicare payment cuts for hospitals participating in the 340B Drug Pricing Program and would devastate essential hospitals and the patients they serve.
The 340B program helps hardworking, low-income Americans access needed medications at affordable prices, and essential hospitals depend on 340B savings to meet their mission. Drastically reducing Medicare payments to 340B hospitals would counter the order’s motive to “significantly reduce drug prices for American patients” and threaten access to care.
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About America’s Essential Hospitals
America’s Essential Hospitals is the leading association and champion for hospitals dedicated to high-quality care for all, including those who face social and financial barriers to care. Since 1981, America’s Essential Hospitals has advanced policies and programs that promote health and access to health care. We support our more than 350 members with advocacy, policy development, research, education, and leadership development. Communities depend on essential hospitals for care across the continuum, health care workforce training, research, public health, and other services. Supported by Essential Hospitals Institute, the association’s research and education arm, essential hospitals innovate and adapt to lead all of health care toward better outcomes and value.
Contact:
Emily Schweich
Manager of Communications
media@essentialhospitals.org
202.585.0119
Author