ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ADAP Advocacy Files Amicus Curiae Briefs Supporting 340B Rebate Model





Two amicus briefs offer distinctly patient-focused perspective on the importance of the rebate model to patients and why that model is so desperately needed

WASHINGTON, DC, February 11, 2025 /24-7PressRelease/ -- ADAP Advocacy today announced it has filed two amicus curiae briefs in support drug manufacturers motion for summary judgement against the Health Resources Services Administration, arguing the program is failing patients. Both briefs, which were filed jointly with CF United, outline how the program has grown, the level of chief executive compensation (which often has increased, quite dramatically), and the level of charity care (which fails, rather consistently, to correspond in any meaningful way to the explosive program expansion).

Brandon M. Macsata, CEO of ADAP Advocacy, summarized: "The 340B Program has become a cash cow for the program's Covered Entities, with too many big hospital systems and mega services providers abusing it. Patients are being left behind, evidenced by data estimates showing that people in the United States owe at least $220 billion in medical debt. We support a robust 340B Program, but one that puts the patients ahead of the providers."

William Sarraille, ADAP Advocacy's Special Counsel for 340B Issues, said: "All too often the patient gets lost in the 340B debate. It's how we know the 340B program has utterly lost its way. I was honored to represent ADAP Advocacy and CF United in their effort to honor the patient voice in the rebate model cases. The rebate model can and should be a mechanism to allow the patients, whose drug therapies generate billions and billions for covered entities, to know whether they are sharing in 340B pricing or are just being used for the profits they create. We can make 340B work for patients and still generate subsidies for covered entities. And the rebate model is the means to do exactly that."

Guy Anthony, Chair of the ADAP Advocacy 340B Patient Advisory Committee, added: "As someone deeply committed to health equity, I know firsthand how vital the 340B program is for people living with and affected by HIV. The amicus curiae filed today with support from ADAP Advocacy and CF United is a crucial step in protecting this program, which so many rely on. We must continue to fight for 340B reform and bring an end to this status quo because real lives depend on it."

To learn more about ADAP Advocacy, its amicus curiae brief, or the 340B Drug Pricing Program, please email info@adapadvocacy.org.

About ADAP Advocacy: ADAP Advocacy's mission is to promote and enhance the AIDS Drug Assistance Programs (ADAPs) and improves access to care for persons living with HIV/AIDS. ADAP Advocacy works with advocates, community, health care, government, patients, pharmaceutical companies, and other stakeholders to raise awareness, offer patient educational programs, and foster greater community collaboration.

---
Press release service and press release distribution provided by https://www.24-7pressrelease.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.