Large tax-exempt hospitals are capturing billions of dollars in profit from a little-known federal program called 340B at the expense of patients by drastically marking up the cost of medicines. This abuse is a hidden tax on Michigan and is driving up costs for patients, taxpayers and employers.
While hospitals continue to profit at expense to us all, without transparency or guardrails on how hospitals use 340B profits, the money isn't helping low-income and uninsured patients access medicines.
Join us today and send a letter to your lawmakers urging them to stop letting big, tax-exempt hospitals cash in on the 340B hospital markup program at the expense of us all.
Dear Michigan lawmakers,
As your constituent, I urge you to oppose HB 4878, legislation that would allow the federal 340B program to continue expanding without any accountability or oversight in Michigan.
Large, tax-exempt 340B hospitals in Michigan are abusing the federal 340B program at the expense of patients drastically marking up the cost medicines by as much as 1,000% or more. This abuse is driving up costs for patients, taxpayers and employers.
While hospitals continue to profit at a cost to us all, without transparency or guardrails on how hospitals use 340B profits, the money isn't helping low-income and uninsured patients access medicines. Instead, 340B hospitals are keeping the discounts and enriching themselves.
Allowing the 340B hospital markup program to continue growing larger with no transparency or accountability measures would only allow big, tax-exempt hospitals, pharmacy benefit managers (PBMs) and the national, for-profit chain pharmacies they work with to continue siphoning profits from the program.
I urge you to oppose HB 4878. and ensure 340B hospitals are not empowered to continue abusing the program for profit and marking up the cost of medications at the expense of us all.
Thank you for your leadership and attention to this critical issue.
Sincerely,
