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Trump Admin Targets Hospital Drug Costs | Business and Finance News
Description
The Trump administration is rolling out a bold new plan to slash drug costs for Medicare patients by cracking down on hospitals’ ability to add extra charges to discounted 340B drugs — potentially saving seniors $1.1 billion and $800 per person annually. But this move, which would slash hospital reimbursements by 40%, could threaten vital community services and jobs — and it’s not the first time this idea has surfaced, having been blocked by the Supreme Court in 2022. With elections looming, this proposal could be the administration’s most aggressive push yet to deliver real healthcare savings — even as it risks sparking a fierce backlash from hospitals and drugmakers.
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