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What is the relationship between the Cooperatives contract prices and Public Health Pricing/340B pricing?

April 26, 2017contract cooperative prices pricing Public Health relationship

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What is the relationship between the Cooperatives contract prices and Public Health Pricing/340B pricing?

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Designated agencies who receive specific federal grant money are eligible to purchase pharmaceuticals at a lower price level. These prices are calculated by drug companies and the United States government Office of Pharmacy Affairs. The lowest possible price for pharmaceuticals, office supply products, lab services and medical/surgical supplies are negotiated for both cooperatives. Some of the prices negotiated are as low as Public Health Pricing, (340B price) and some are even lower.