340B Reporting and Accountability Act

Bill: 118-s-1182
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2023-04-18
Policy area: Health
Latest action: action_date: 2023-04-18
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2023-04-18
action_desc: Introduced in Senate
text: <p><b>340B Reporting and Accountability Act</b></p> <p>This bill requires providers participating in the 340B drug discount program to ensure patients receive covered outpatient drugs at a price that does not exceed the amount the provider paid, minus any additional discounts or rebates the provider receives.</p> <p>Further, participating providers must report annually information about amounts paid and received for covered outpatient drugs and how any excess revenue was spent.</p>

tv_txt: II 118th CONGRESS 1st Session S. 1182 IN THE SENATE OF THE UNITED STATES April 18, 2023 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To amend the Public Health Service Act to increase the transparency and accountability of the drug discount program, and for other purposes.

1. Short title This Act may be cited as the 340B Reporting and Accountability Act . 2. Requirement to provide drug discounts to patients (a) In general Section 340B(a)(5) of the Public Health Service Act ( 42 U.S.C. 256b(a)(5) ) is amended— (1) in subparagraph (C), by striking subparagraphs (A) or (B) and inserting subparagraph (A), (B), or (E) ; (2) in subparagraph (D), by striking subparagraphs (A) or (B) and inserting subparagraph (A), (B), or (E) ; and (3) by adding at the end the following: (E) Requirement to provide drug discounts to patients A covered entity shall ensure that each patient who receives a covered outpatient drug from such covered entity is provided such drug at a price that does not exceed the price at which the covered entity purchased the drug in accordance with paragraph (1), less any additional discounts or rebates received by the covered entity with respect to the drug. . (b) Reporting requirements for drug discount program Section 340B(d)(2)(B) of the Public Health Service Act ( 42 U.S.C. 256b(d)(2)(B) ) is amended by adding at the end the following: (vi) (I) Not later than 1 year after the date of enactment of the 340B Reporting and Accountability Act , the development of procedures to require each covered entity to report to the Secretary, not less frequently than annually, information on— (aa) the total amount paid by the covered entity during the reporting period for covered outpatient drugs under subsection (a); (bb) the total amount received by the covered entity during the reporting period for such covered outpatient drugs; and (cc) if a covered entity receives any revenue as a result of charging a price for a covered outpatient drug that exceeds the price at which the covered entity purchased the drug, how the covered entity spent such revenue. (II) The Secretary shall make the information reported under subclause (I) publicly available. .