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AINsight: NBAA Safety Committee Round Table

AINsight: NBAA Safety Committee Round Table
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Chronicled Announces New MediLedger Working Group To Solve Medicaid Duplicate Discounts

Chronicled Announces New MediLedger Working Group To Solve Medicaid Duplicate Discounts
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SAN FRANCISCO, April 27, 2021 /PRNewswire/ Chronicled, administrator of the MediLedger Network (the leading blockchain-powered industry network in Life Sciences), today announced the launch of a new working group dedicated to the development of a sustainable industry solution to the problem of Medicaid duplicate discounts against 340B priced drugs. Annual spend under the 340B program has grown by 700% in the last 10 years to $35 Billion, and the number of Contract Pharmacies participating in the 340B program has grown from 1,200 to 28,000 in the same time frame. This has led to an escalating issue of manufacturers paying out Medicaid rebate claims on drugs where a 340B discount was already applied, also known as a duplicate discount. Multiple pharmaceutical manufacturers have now put in place Medicaid claim requirements a ....

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