Real America's Voice, said the federal 340B Drug Pricing Program has grown far beyond its original mission of serving neighborhood clinics for those without access to health care, with financial disclosures revealing pharmaceutical profits and executive salaries.
According to Real America's Voice, "ANOTHER HEALTH PROGRAM IN QUESTION: 340B FRAUD. Originally envisioned as neighborhood clinics for those who don't have access, but they have now grown into ENTERPRISES — taxpayer supported. Financial disclosures showed pharmaceutical profits, executive salaries, and more."
Nationally, 340B drug purchases have increased from $5 billion in 2010 to $81.4 billion in 2024—a more than sixteen-fold rise—driven largely by an expansion of eligible hospitals under the Affordable Care Act and a surge in contract pharmacy arrangements, which grew from a single pharmacy per hospital in 1995 to over 32,000 by 2024, according to the Paragon Health Institute. The program does not require hospitals to report how much money they make through 340B or how the funds are spent. Research on nonprofit hospitals shows most do not direct the majority of their 340B revenue toward helping low-income patients, according to the same source.
A recent report found that in 2022 alone, disproportionate share hospitals earned $44 billion in profit from the program but spent only $18 billion—just forty-two percent of those profits—on charity care. Eighty-five percent of these hospitals earned more in profit than they spent on charity care, according to AIR340B.
Real America's Voice is a streaming news and entertainment network owned by Performance One Media LLC and based in Centennial, Colorado. The network delivers content across business, technology, economics, foreign affairs, healthcare, and politics, according to Real America's Voice.
