Becker's Healthcare November 7, 2024
California vote tabulations are currently backing a state ballot measure that would impose new restrictions on health systems’ 340B drug spending.
Though final election results are pending, Proposition 34 appears on track to pass with 51.5% of voters supporting the measure as of the night of Nov. 6.
The ballot measure would require certain healthcare providers to spend 98% of 340B revenue on direct patient care activities. The requirements would apply to organizations that spent more than $100 million over a 10-year period on anything other than patient care and operated housing complexes with more than 500 health and safety violations.
Organizations that violate these restrictions would be subject to various penalties,...
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