340B Needs Legislative Fix For Overspending On Medicare Patients, GAO Says

 
• By Scott Steinke

Drug discount program creates financial incentive for participating hospitals to prescribe more drugs or more expensive drugs reimbursed by Medicare Part B, resulting in 'substantially higher' spending, a GAO report says.

A Government Accountability Office report finding “substantially higher” Medicare Part B drug spending among 340B-participating hospitals compared to non-340B hospitals recommends that Congress take action to eliminate the financial incentives that promote the higher spending.

Released July 6, the GAO report found that “in both 2008 and 2012, per beneficiary Medicare Part B...

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