first_img What is it? Trump administration proposes further cuts to drug discount program that helps hospitals WASHINGTON — The Trump administration wants to expand its cuts to a controversial drug discount program that benefits hospitals.Its latest proposal, out Wednesday, centers on the so-called 340B program, which forces drugmakers to give some safety net and not-for-profit hospitals discounts on nearly all their drugs. Federal programs reimburse them for the same medicines at a higher rate, and hospitals say they use the spread to pay for charity care and other services. Centers for Medicare and Medicaid Services Administrator Seema Verma said the proposal would ensure more seniors get access to savings. Mandel Ngan/AFP/Getty @eemershon Senior News Editor Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. [email protected] GET STARTEDcenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Log In | Learn More About the Author Reprints Erin Mershon Politics What’s included? By Erin Mershon July 25, 2018 Reprints Tags drug pricinghospitalsMedicarepolicySTAT+last_img