WASHINGTON — The Trump administration wants to expand its cuts to a controversial drug discount program that benefits hospitals.
Its latest proposal, out Wednesday, centers on the so-called 340B program, which forces drugmakers to give some safety net and not-for-profit hospitals discounts on nearly all their drugs. Federal programs reimburse them for the same medicines at a higher rate, and hospitals say they use the spread to pay for charity care and other services.
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When reporting its second quarter results, Celgene said that it will not increase further the drug prices in this year. Recently, Trump thanked Pfizer and Novartis for not hiking their drug prices. https://news.alphastreet.com/celgene-q2-2018-earnings/
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