Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 71

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 71
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    expanded the types of entities eligible for the 340B drug discount
    program;

    ●
    established the Medicare Part D coverage gap discount program by requiring
    manufacturers to provide a 50% point-of-sale-discount off the negotiated price of applicable brand drugs to eligible beneficiaries
    during their coverage gap period as a condition for the manufacturers’ outpatient drugs to be covered under Medicare Part D;
    and

    ●
    a new Patient-Centered Outcomes Research Institute to oversee, identify
    priorities in, and conduct comparative clinical effectiveness research, along with funding for such research.

Other legislative changes have been proposed and
adopted in the United States since the ACA was enacted. In August 2011, the Budget Control Act of 2011, among other things, created measures
for spending reductions by Congress. A Joint Select Committee on Deficit Reduction, tasked with recommending a targeted deficit reduction
of at least $1.2 trillion for the years 2013 through 2021, was unable to reach required goals, thereby triggering the legislation’s
automatic reduction to several government programs. This includes aggregate reductions of Medicare payments to providers of up to 2% per
fiscal year, which went into effect in April 2013 and, due to subsequent legislative amendments to the statute, will remain in effect
through 2030 unless additional Congressional action is taken. The reductions have been suspended temporarily through December 2021 in
response to the COVID-19 pandemic. In January 2013, President Obama signed into law the American Taxpayer Relief Act of 2012, which, among
other things, further reduced Medicare payments to several providers, including hospitals, imaging centers and cancer treatment centers,
and increased the statute of limitations period for the government to recover overpayments to providers from three to five years.

Since enactment of the ACA, there have been numerous
legal challenges and Congressional actions to repeal and replace provisions of the law. In May 2017, the U.S. House of Representatives
passed legislation known as the American Health Care Act of 2017. Thereafter, the Senate Republicans introduced and then updated a bill
to replace the ACA known as the Better Care Reconciliation Act of 2017. The Senate Republicans also introduced legislation to repeal the
ACA without companion legislation to replace it, and a “skinny” version of the Better Care Reconciliation Act of 2017. In
addition, the Senate considered proposed healthcare reform legislation known as the Graham-Cassidy