Grassley Presses Hospitals On Low-Cost Drug Program

Law360, New York (October 1, 2012, 7:39 PM EDT) -- A U.S. lawmaker on Friday asked three North Carolina hospitals to explain their use of a rapidly growing discount drug program that serves low-income patients, citing recent newspaper reports that the hospitals are profiting from huge markups for drugs potentially covered by the program.

Sen. Chuck Grassley, R-Iowa, cited reports in the Charlotte Observer and The News and Observer of Raleigh, N.C., that some nonprofit hospitals are reaping huge surpluses by significantly marking up prices for drugs such as cancer medications Avastin and Cisplatin. These reports...
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