It’s like the old Clint Eastwood classic: The Good, the Bad and the Ugly: in Washington, there’s the once-in-a-while good thing (getting rarer every year), many, many bad things, and the occasional ugly outrage that’s past preposterous and well on the way to ludicrous.

Although relatively little-known, the massive fraud hospitals are perpetrating with the Medicare “340B” program puts them in Michael Jordan territory of crony capitalism. These companies are shielding their shady practices with crocodile tears for the poor while actively harming the people the program was originally intended to help and padding their profits while prices rise for the rest of us.

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