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 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 governor urging him to stop letting big, tax-exempt hospitals cash in on the 340B hospital markup program at the expense of vulnerable patients.
Dear Governor Stitt,
As your constituent, I urge you to veto HB 2048, a bill that would allow the federal 340B program to continue expanding without any accountability or oversight in Oklahoma.
Big, tax-exempt hospitals are capturing billions of dollars in profit from the 340B program at the expense of patients by drastically marking up the cost of medicines. 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, enriching themselves at the expense of patients.
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 veto HB 2048 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 on this critical patient issue.
Sincerely,
