Hospitals to Receive $9B in Proposed 340B Remedy

July 13, 2023

Hospitals to Receive $9B in Proposed 340B Remedy

CMS would pay 340B-eligible hospitals $9 billion to offset payment cuts the Supreme Court deemed unlawful, the agency said in a proposed rule. The federal agency estimates that from 2018 through approximately the third quarter of 2022, certain 340B providers received $10.5 billion less in 340B drug payments than they would have without the policy. In June, 2022, the Supreme Court unanimously ruled against the 340B payment rates, considering them unlawful because HHS failed to conduct survey of hospitals’ acquisition costs.

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