Californians are set to vote on proposed reforms to the 340B Drug Discount Program, a key revenue source for hospitals and health clinics, spearheaded by apartment builders. The program provides significant discounts on drugs, estimated at 20% to 50% of drug prices, or even higher. Nonprofit hospitals and clinics that treat low-income patients benefit from these discounts, charging insurers full market prices for the drugs and keeping the profits. There are no restrictions on how these profits are spent. Despite its lack of public awareness, the 340B program plays a major role in funding healthcare for vulnerable populations.
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California developers target 340B drug discounts, AIDS Healthcare Foundation
