Page 4 - Contract Pharmacies News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chronicled Announces New MediLedger Working Group To Solve Medicaid Duplicate Discounts News provided by Share this article Share this article SAN FRANCISCO, April 27, 2021 /PRNewswire/ -- Chronicled, administrator of the MediLedger Network (the leading blockchain-powered industry network in Life Sciences), today announced the launch of a new working group dedicated to the development of a sustainable industry solution to the problem of Medicaid duplicate discounts against 340B priced drugs. Annual spend under the 340B program has grown by 700% in the last 10 years to $35 Billion, and the nu...

To embed, copy and paste the code into your website or blog: On December 30, 2020, the HHS Office of General Counsel (OGC) issued Advisory Opinion No. 20-06 finding the 340B Federal Drug Pricing Program requires drug manufacturers to extend 340B pricing to covered outpatient drugs dispensed through contract pharmacies. Recently, certain drug manufacturers have declined to distribute covered outpatient drugs through contract pharmacies at 340B pricing. The OGC concluded that this practice is impermissible and that drug manufacturers must offer covered drugs at no more than the 340B ceiling pri...