News Briefs: California fines Anthem

The Supreme Court ruled that HHS incorrectly altered the 340B drug program, with Justice Brett Kavanaugh finding that “absent a survey of hospitals’ acquisition costs, HHS may not vary the reimbursement rates only for 340B hospitals; HHS’ 2018 and 2019 reimbursement rates for 340B hospitals were therefore unlawful.” Kavanaugh’s opinion found in favor of the American Hospital Association, which brought a suit against HHS over the changes. “When the original [changes] went into effect in 2018, CMS cut Medicare 340B reimbursements by ~30% for most outpatient drugs, leading to ~$1.6B in savings for the first year,” wrote Citi analyst Jason Cassorla in a note to investors. HHS may have to make retroactive payments to hospitals to make up for the savings, Cassorla noted.

0 Comments
© 2023 MMIT
AIS Health Staff

AIS Health Staff

Related Posts

stars
September 22

Only Two Plans Get ‘5 out of 5’ in 2023 NCQA Ratings

READ MORE
businessman-viewing-news-update-journalism-headline-on-a-laptop
September 22

News Briefs: CMS Says 30 States Pause Medicaid Disenrollments

READ MORE
happy-fit-seniors
September 22

CMS Administrator, AHIP Agree: Medicare Marketing Fixes Were Overdue 

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today