Over the decades, Congress has created a number of programs intended to help the poor, the sick, the downtrodden. As a result, certain businesses and industries find ways to exploit these efforts and profit in ways lawmakers never foresaw or intended.
That explains today’s rampant abuse of the 340B drug discount program.
Congress created the program in 1992 to make sure low-income and uninsured people could access prescription medicine at more affordable prices. But three decades on, thanks to loopholes and a lack of transparency, thousands of hospitals, clinics and pharmacies exploit 340B discounts without sharing their take with needy patients.
It’s time ...