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Hospitals set to lose $1.6 billion in drug payments

Federal drug payments to hospitals are about to get slashed. Photo: Daniel Acker / Bloomberg via Getty

A federal judge has dismissed an injunction requested by the hospital industry to block a policy that would slash $1.6 billion in drug payments through the federal 340B drug program next year.

Why it matters: The cuts will go through starting Jan. 1, although hospitals have vowed to continue pursuing litigation since the judge "did not rule on the merits of the claim."

Go deeper: Behind the 340B drug program cuts.

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