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Congressional Scrutiny Over 340B Program Continues to Grow
Forbes: A little over a year ago, I warned about the growing abuse of the 340B Discount Drug Program, noting that chain drug stores like Walgreen , Rite Aide (RAD) and CVS Caremark CVS +1.8% could see profits fall if Congress restored sanity to a program originally designed to help the poor and uninsured. Originally the program assisted that cohort in getting the drugs they need at a cost they could afford. It now seems a day of reckoning could be finally approaching. Congress recently held its first hearing on the 340B program since 2005 and a consensus view that the program needs some reform and transparency.
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