Iowa Senator Says Hospitals Making Huge Profits On Prescription Drugs

PR Web

Miami, Florida (PRWEB) September 24, 2013

As reported by North Iowa Today on July 7, 2013, in their news story titled Grassley: Hospitals appear to be making “sizeable” profits from discount prescription drug program, U.S. Senator Charles Grassley of Iowa is examining how hospitals are using a discount prescription drug program, known as 340B. He says that some hospitals appear to be making very large profits from the program, which is costing Medicare and private health insurance a fortune. Grassley has asked the federal agency in the charge of the program, the Health Resources and Services Administration, about this problem and to inquire with the specific hospitals that are overcharging the 340B program. Here is what he had to say about this alarming situation.

“A report by an association representing the affected hospitals is not objective. Through my inquiries, I’ve been able to document that several hospitals are profiting from the 340B program rather than simply providing discounted drugs to the uninsured.

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"These types of drugs have addictive properties, and the potential for fraud and abuse by prescribers and patients is extremely high," Grassley wrote. "When these drugs are prescribed to Medicaid patients, it is the American people who pay the price for over-prescription, abuse, and fraud."

“Prescription drug abuse is a serious problem that can destroy your health and cause you to lose everything. Contact a detox center such as Harbor Village and receive the care you need,” said Robert Niznik, Harbor Village CEO.