 
            
              PhRMA
            
            @PhRMA
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              Representing America’s biopharma & biotech companies. Shaping policy so science thrives & patients benefit.
              
              Washington, DC
            
            
              
              Joined February 2010
            
            
           340B hospitals buy medicines for pennies, then can mark them up by thousands of dollars. This is a hidden tax on patients, employers and taxpayers. It’s time to fix 340B. Read more: 
          
                
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             Hospitals are using scare tactics in attempt to block commonsense 340B rebate model pilot. Lawmakers and the administration shouldn’t fall for it. Get the facts:  https://t.co/u8iZva9Jqw 
          
          
                
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             NC’s Research Triangle Park is home to hundreds of companies developing next-gen medicines and supporting thousands of skilled workers. This Manufacturing Month, learn more about NC's one-of-a-kind manufacturing and research hub:  https://t.co/I5zrajYajA 
          
          
                
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             PBMs and insurers are finally acknowledging what we have known for a long time – patients will benefit directly from sharing discounts, and this does not raise premiums. It’s time for federal oversight and reform to ensure savings reach patients. 
          
            
            bloomberg.com
              Cigna Group will eliminate prescription drug rebates in many of its commercial health plans in 2027, upending an opaque, controversial practice that’s drawn the ire of President Donald Trump.
            
                
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             .@RobZirk said it best: The US is the global leader in biopharmaceutical innovation because of strategic policy choices. This status is not guaranteed so we must continue to support and incentivize American innovation. 
           "A decade ago, China barely had an innovative pharmaceutical industry. It was mostly generic," @PhRMA's Robert Zirkelbach tells @mchalfant16. "Fast forward to today, 30% of all the clinical trials around the world are happening in China. 35% are happening in the US. They have 
            
                
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             mRNA tech bolsters America's innovation leadership and national security. Without sustained investment and commitment put towards mRNA, the US risks jeopardizing public health preparedness, economic competitiveness and strategic influence.  https://t.co/Jh11Dm3xME 
          
          
            
            phrma.org
            
                
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             .@EliLillyandCo’s plans to build a new manufacturing site in Virginia highlights our industry’s commitment to American-driven innovation. This facility will support local communities and help deliver next-generation medicines. Learn more:  https://t.co/qIVA6xMGUj 
          
          
                
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             As a nurse, Sharon has seen both sides: patients battling preventable diseases, and the powerful protection vaccines can provide:  https://t.co/i0jCykWx2O 
          
          
                
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             The takeaway is clear: big hospitals are exploiting the 340B program and it is costing patients, taxpayers and employers billions. It’s time to fix 340B. 
          
                
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             📊Testimony from Dr. Aditi Sen of the nonpartisan @USCBO underscored that the 340B program incentivizes practices that drive up costs for taxpayers by billions of dollars each year:  https://t.co/LqoboQZtq4 
          
          
                
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             Yesterday’s Senate HELP Committee hearing confirmed what a growing body of evidence has shown: the 340B program is exploited by large hospitals with no evidence that patients are benefiting. The program is a hidden tax on patients, taxpayers and employers. ⬇️ 
          
                
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            @USCBO @WSJ @Health_Affairs @HealthAffairs The bottom line: The nonpartisan CBO report shows that the 340B program is increasing costs and found no evidence patients are benefitting. So where’s the money going? Today’s hearing made it clear: we need federal action now to fix 340B.
          
          
                
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            @USCBO @WSJ @Health_Affairs A @HealthAffairs study found that 340B hospitals actually prescribe fewer biosimilars than non-340B hospitals for Medicare patients. This drives up costs for Medicare.
          
          
            
            healthaffairs.org
              Biosimilar drugs—lower-cost alternatives to expensive biologic drugs—have the potential to slow the growth of US drug spending. However, rates of biosimilar uptake have varied across hospital...
            
                
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            @USCBO @WSJ Senators raised concerns that rural hospitals are not benefitting appropriately the 340B program. As an example, a @Health_Affairs study shows big-city hospitals are posing as “rural” to grab discounts meant for underserved patients:
          
          
            
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            @USCBO @WSJ The 340B program costs an estimated $20B each year in lost Medicare & Medicaid rebates (source: BRG). That’s a hidden tax on patients, taxpayers, and employers:  https://t.co/HfspKprYPo 
          
          
                
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            @USCBO Even @WSJ calls 340B reform “a good idea to cut drug costs,” noting big hospitals have profited at patients' and taxpayers’ expense:  https://t.co/plDd5ctWB1 
          
          
                
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             A nonpartisan @USCBO report–mentioned in today’s Senate HELP hearing–confirmed that unchecked 340B growth and abuse drives up costs for taxpayers, without evidence that patients benefit. It’s time for oversight and reform:  https://t.co/LqoboQYVAw 
          
          
                
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             There’s growing evidence that large, tax-exempt hospitals are exploiting the 340B program—marking up medicines by 1,000% or more and costing taxpayers billions, with little oversight or proven benefit to patients. Here are the facts👇 
          
                
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