Congress created the 340B Drug Pricing Program in 1992 to protect safety-net hospitals from escalating drug prices by allowing them to purchase outpatient drugs at a discount from manufacturers. The program provides communities with access to life-saving services at no cost to taxpayers because the financial support comes from manufacturer discounts. Hospitals often use the savings they receive to provide services to low-income and uninsured patients.
Understand everything you need to know about the 340B Drug Pricing Program in less than four minutes.
340B Is Critical to Safety-Net Hospitals and Their Patients
Download infographic (PDF) illustrating how hospitals utilize savings from 340B to provide services for their patients.
AAMC Statement for the Record on 340B
The AAMC submitted this statement for the record to the House Energy and Commerce Health Subcommittee (PDF) in advance of their hearing, “Opportunities to Improve the 340B Drug Pricing Program,” in July 2018.