340B
Government & Politics abbreviation · Public Program
| Stands for | 340B Drug Pricing Program |
|---|---|
| Categories | Government & Politics |
340B stands for 340B Drug Pricing Program, a public program abbreviation.
Federal program that requires drug manufacturers participating in Medicaid to sell outpatient drugs at steep discounts to safety-net hospitals and clinics, which can use the savings to expand services. It is administered by HRSA.
Example: The hospital's 340B savings help fund its free mobile clinic.
Usage notes
The name comes from Section 340B of the Public Health Service Act, added in 1992. The program has grown rapidly, especially through contract pharmacies, leading to disputes between drugmakers and hospitals over whether savings reach low-income patients. Patients do not receive the discount directly.
Related abbreviations
More public program abbreviations
- AAA – Agricultural Adjustment Administration
- ACP – Affordable Connectivity Program
- AMI – Area median income
- APS – Adult Protective Services
- APTC – Advance premium tax credit
- CCC – Civilian Conservation Corps
- CDBG – Community Development Block Grant
- CHIP – Children's Health Insurance Program
- COLA – Cost-of-living adjustment
- CPS – Child Protective Services
- CSR – Cost-sharing reductions
- CTC – Child Tax Credit