Their voices heard next on the bill go to the state Senate. A new report accuses North Carolina hospitals of overcharging state employees for cancer drugs. The report is from the state Department of Finance. State workers building hospitals were found to pay more than five times the average price for oncology drugs discounted by Medicaid. The federal program known as 340 was started more than 30 years ago. While hospitals are allowed to buy drugs at discounted prices, they are not required by law to pass those savings on to patients, state Treasurer Dale Falwell said at a press conference today. He named one local hospital.He says Atrium Health Wake Forest Baptist in High Point Charles charged patients more than $5,000 for oncology drugs.
North Carolina hospital overcharged state employees for cancer drugs, report says
A newly released report alleges that a North Carolina hospital overcharged state employees for cancer drugs. This report is from the North Carolina Department of Finance. The report found that hospitals charged state employees an average of five times more than they paid for cancer drugs discounted through Medicaid. The federal program known as 340B began more than 30 years before him. This allows hospitals to purchase medicines at discounted prices. But the law does not require those savings to be passed on to patients. TOP STORIES Luis Miranda Jr. reflects on donations, art and son Lin-Manuel in new memoir Backpack shot injures Parkland High School student, boy charged, lawmakers say 'words to express grief' 'No': Freeway crash leaves two local women grieving Click here to get the latest news stories you're interested in State Treasurer Dale Falwell said at a news conference Tuesday that one Triad hospital I mentioned it. He said Atrium Wake Forest Baptist Health in High Point charged patients more than $5,000 for oncology drugs purchased for $500. WXII 12 News has requested statements from other hospital systems as well. Download the WXII app here and get the latest news and weather information. High Point's Atrium Wake Forest Her Baptist Health released the following full statement: “At Atrium Health, our hospitals serve as a safety net for underserved patients, providing them with the care and services they need. Savings on the prescription drugs they receive is essential to our mission and allows us to maintain and even enhance access to care and prescription drugs in the communities where they are most needed. 1 participate in this program.The 340B program is a key factor in whether a nonprofit hospital can serve the public. The purpose of this program is not as a way to save money on medicines for patients, but as a way to provide savings to hospitals with a high proportion of low-income patients and to reduce the cost of high-volume medicines. Maintaining access to care by offsetting losses incurred by hospitals that provide uncompensated and undercompensated care, including the cost of prescription drugs during patient treatment. costs more than $150,000 per year.Under 340B, drug companies offer significant discounts on the purchase of certain drugs to hospitals that treat large numbers of low-income patients. They are essential for treating chronic diseases such as cancer, where a single dose of medicine can cost tens of thousands of dollars.Hospitals can use these savings to maintain continued access to health care in rural and disadvantaged areas. We are investing in better health care delivery programs, such as medication assistance programs. It is also important to note that nonprofit health care does not have “profits.” We reinvest our resources directly into areas that benefit the communities we serve. In fact, charity care and services across Advocate Health (of which Atrium Health is a part) account for $1 of every $5 we spend across our 340 billion program, and most recently, in 2022, our community Total annual benefits to the company amount to approximately $6 billion. What numbers are available? ”
A newly released report alleges that a North Carolina hospital overcharged state employees for cancer drugs.
This report is from the North Carolina Department of Finance. The report found that hospitals charged state employees an average of five times more than they paid for cancer drugs discounted through Medicaid. The federal program known as 340B began more than 30 years before him. This allows hospitals to purchase medicines at discounted prices. But the law does not require those savings to be passed on to patients.
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State Treasurer Dale Falwell singled out one Triad hospital during a news conference Tuesday. He said Atrium Wake Forest Baptist Health in High Point is charging patients more than $5,000 for oncology drugs purchased for $500.
WXII 12 News has also requested statements from other hospital systems.
Download and get the latest news and weather information. Click here for WXII app
Atrium Wake Forest Baptist Health in High Point released the following full statement:
“At Atrium Health, our hospitals serve as a safety net for underserved patients, providing the care and prescription drugs they need, regardless of an individual’s ability to pay. 340B The savings we receive from participating in the program are essential to our mission and allow us to: Maintain access to treatment and prescription drugs in areas where they are most needed; About one-third of our hospitals are participating in the program.
The 340B program is an essential component of nonprofit hospitals' ability to serve the public, but it is widely misunderstood and frequently misunderstood. This program is not funded by taxpayer dollars and is not intended to lower the cost of medications for patients, but rather as a way to provide savings to hospitals with a high proportion of low-income patients. It has been. The purpose of this program is to maintain access to health care by offsetting losses incurred by hospitals that provide large amounts of uncompensated or undercompensated care, including the cost of prescription drugs, while treating patients.
47% of new drugs coming to market in recent years cost more than $150,000 per year. Under 340B, drug companies offer hospitals that treat large numbers of low-income patients deep discounts on the purchase of certain drugs. Discounts through the 340B program are essential for treating chronic diseases such as cancer, where a single dose of a drug can cost tens of thousands of dollars. Hospitals use these savings to increase continuity of care in rural and disadvantaged areas and invest in better care delivery programs, such as medication assistance programs.
It is also important to note that there is no “profit” in nonprofit healthcare. We reinvest our resources directly into areas that benefit the communities we serve. In fact, charity care and services across Advocate Health (of which Atrium Health is a part) account for $1 of every $5 we spend across our 340 billion program, and most recently, in 2022, our community Total annual benefits to the company amount to approximately $6 billion. What numbers are available? ”