Tag Archives: cuts

Court rejects 340B payment cuts in big win for hospitals

Dive Brief: U.S. District Court Judge Rudolph Contreras has decided against the Trump administration in its plan to cut 340B payments for outpatient drugs that took effect in January 2018. Contreras said HHS didn’t have legal authority to reduce payments and sidestepped Congressional authority. The American Hospital Association (AHA), America’s Essential Hospitals (AEH) and the… Read More »

Amgen cuts price of cholesterol drug by almost 60%, echoing rival's move

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations. The new price of the medicine will be $ 5,850 per year, Amgen said in a statement Wednesday. That’s down from an annual price… Read More »