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Subcommittee backs bill to protect 340B covered entities' contract pharmacy arrangements; stakeholders split in testimony
Summary
House Bill 1242, which would bar manufacturers from restricting contract pharmacy arrangements and limit manufacturer data requests for 340B covered entities, passed the Insurance Subcommittee 6-0 after testimony from pharmaceutical industry and safety-net providers.
House Bill 1242, which sponsors say would protect covered entities' ability to use 340B contract pharmacies and limit excessive data requests by drug manufacturers, passed the Insurance Subcommittee on Feb. 26 and will advance to the full Insurance Committee.
Sponsor Representative Geraldine Haynes told the committee that the federal 340B program, established in 1992, "allows eligible health care providers called covered entities to purchase outpatient drugs at discounted rates to stretch federal resources, increase access, and provide comprehensive care to the most vulnerable patients, low income, under insured, and uninsured." Haynes said the amendment to HB 1242 is "clarifying in nature" and that the bill would ensure drug manufacturers cannot…
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