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EpiPen Price Jumps 400%... Just in Time for School


Tour2ma

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Doctors and patients say the Mylan pharmaceutical company has jacked up the prices for an EpiPen — the portable device that can stop a potentially life-threatening allergic reaction — from around $100 in 2008 to $500 and up today.

That's a hike of over 400 percent.

"Patients are calling and saying they can't afford it," said Dr. Douglas McMahon, an allergy specialist in Maplewood, Minnesota. "They're between a rock and a hard place."

Following a recall by Mylan's chief competitor last year, the company now enjoys a near monopoly.

Because of aggressive marketing and branding campaigns, and lobbying for legislation that requires the product to be stocked in schools, they have a brand dominance equal to that of Kleenex, doctors say.

http://www.nbcnews.com/business/economy/epipen-price-hike-has-parents-kids-allergies-scrambling-ahead-school-n633071

 

For everything from bee strings to nut allergies, these are life-savers. Had one in the house when I was in an allergy shot protocol years ago.

 

They carry a one-year expiration.

 

No where near as egregious as Valeant's overnite hike of a 62-yo drug, Daraprim, from $17.50 to $750, but still going to be interesting to see Mylan justify this one.

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Problem:

> Prescription drug prices can change on a dime as deemed by private pharma corporations.

> Private companies can hold long-term patents (monopolies) on a particular prescription drug.

 

Solution:

> Bar Medicare/Medicaid from negotiating drug prices

> Pass the TPP which will extend monopoly drug patents, involve drug companies in policy deliberations, prevent point 1 from ever happening - with the consequence of making affordable generic alternatives few and far between.

 

Don't worry, Obama and Hillary will solve it!

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Solution:

> Bar Medicare/Medicaid from negotiating drug prices

 

Serious question, bb...

 

How does this solve the problem?

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Still have to solve the problem of high drug prices/drug monopolies with single payer.

Doesn't seem to be an issue here. Prescriptions are all fixed at £8.40 regardless. EpiPens are about £20-50.

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Doesn't seem to be an issue here. Prescriptions are all fixed at £8.40 regardless. EpiPens are about £20-50.

 

The government negotiates with the manufacturer on the prices (over there).

 

We don't have that here - Medicare/Medicaid aren't even allowed to do it.

 

That needs to change, which is conveniently something Trump has proposed.

 

---

 

Stopping the TPP is also critical - which limits cheaper generic versions of drugs.

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As ive stated so often, trump makes alot of sense on so many issues.....i will never understand what the hell he was thinking

If someone with Trump's policies but without his 'I'm a god and everyone must bow to me' complex was running against hillary they'd be way ahead in the polls.

 

Trumps fiscal policies aren't the problem.

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I think it's sarcasm.

 

And you were correct.... I needed the pink font.

 

For the record I agree... but doesn't Medicaid and the Veterans Admin already negotiate drug prices?

 

Also for the record Trump's stance has company in the person of HRC, but it's up to Congress to act...

The fact that Medicare is forbidden in the law that created Medicare Part D to negotiate lower prices is no accident. The drug lobby worked hard to ensure Medicare wouldn’t be allowed to cut into the profits which would flow to big Pharma thanks to millions of new customers delivered to them by Part D. Even some Republican House members (this was a GOP sponsored bill), including Rep. Walter Jones from North Carolina and Rep. Dan Burton from Indiana, were aghast at the whole process:

"The pharmaceutical lobbyists wrote the bill," says Jones. "The bill was over 1,000 pages. And it got to the members of the House that morning, and we voted for it at about 3 a.m. in the morning," remembers Jones.

 

Why did the vote finally take place at 3 a.m.?

 

"Well, I think a lot of the shenanigans that were going on that night, they didn't want on national television in primetime," according to Burton.

http://www.ncpssm.org/EntitledtoKnow/entryid/2061/negotiating-for-lower-drug-costs-in-medicare-part-d

H.R. 1 (108th): Medicare Prescription Drug, Improvement, and Modernization Act of 2003

This was a vote to pass H.R. 1 (108th) in the House.

It was not the final House vote on the bill. See the history of H.R. 1 (108th) for further details.

Congress
108th Congress Date:Jun 27, 2003
Chamber: House
Number: #332

 

The vote tally:

GOP: 207 Aye 019 No

Dem: 009 Aye 195 No

https://www.govtrack.us/congress/votes/108-2003/h332

 

... and, least we forget, the program was not "paid for".

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Trumps fiscal policies aren't the problem.

 

Certainly combined with his spending plans they are. Were that not the case he would not have backed off his 25% top rate in favor of the Ryan budget's 35%(?).

 

But as Cleve says, a lot of his challenges to the status quo are attractive... Problem is none can get done, by Trump or HRC or anyone, unless campaign finance reform is the first order of business.

 

Wish I could say I thought there was a candidate in sight that could garner the political capitol to pull that one off. Since LBJ only Reagan has rolled into office with that size bank roll...

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http://www.cnn.com/2016/08/24/politics/epipens-congress-response/

 

The CEO of Mylan is Joe Manchin's daughter. She is the same gal who got a doctored up MBA from WVU. When the Pittsburgh Gazette dug into it, turned out that she only had half the credits but was given the degree anyway. Administrators had changed incomplete courses to completed etc. A couple of school admin members had to resign over the scandal. She threatened a lawsuit if the school attempted to rescind her degree.

 

So I am not the least bit shocked she is running a company that is sticking it to the public.

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Anecdotal info in bound: When I did contract work for WVDEP, the plane that they had purchased for remote sensing and imaging had been taken by Joe. As soon as they purchased it, Joe started using it as his personal taxi. He has his pilot's license so he just went ahead and grabbed it. Federal funds were used to buy it. After his time as governor ended, Joe just kept the plane. DEP tried to fight it but found a whole maze of people in their way who told them that nothing will come of it and to let it go.

 

DEP had to pay a stupid amount of money to rent planes and helicopters to get the work done.

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http://www.cnn.com/2016/08/24/politics/epipens-congress-response/

 

The CEO of Mylan is Joe Manchin's daughter. She is the same gal who got a doctored up MBA from WVU. When the Pittsburgh Gazette dug into it, turned out that she only had half the credits but was given the degree anyway. Administrators had changed incomplete courses to completed etc. A couple of school admin members had to resign over the scandal. She threatened a lawsuit if the school attempted to rescind her degree.

 

So I am not the least bit shocked she is running a company that is sticking it to the public.

 

 

From the front page of today's Charleston Gazette-Mail:

 

"Senators cautious with Manchin's daughter"

 

"...Bresch could get called up to Capitol Hill next month to explain her company's justification for raising the price on the life-saving shot. But that could be awkward, since she's the daughter of Sen. Joe Manchin of WV."

 

"...family ties may mute the ire of some lawmakers, others are already asking...about taxpayers having to foot the bill for these price increases---particulary after Bresch and the company successfully pushed legislation to encourage use of the EpiPen in schools nationwide."

 

In addition, Manchin's wife, Gayle, is on the WV State Board of Education even though the Manchin's haven't live in WV since 2010. She has been involved in a couple of underhanded firings of educators who didn't sufficiently kiss her ass.

 

It is this typical 'business as usual' actions of WV politicians that will result in WV being one of the few states that will vote overwhelmingly for Donald Trump in November.

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I think I read where the CEO's pay has gone up over 700% since 2008. I am a capitalist at heart, but I fear that the evils of capitalism, well earmarked by Marxism has not only creeped up but is standing front in center like a boner in sweatpants and a lot of people are just ignoring it. Obomacare solved little of nothing when this kind of crap can still happen.

I'm for small government and for the rights of the people to prosper as they see fit. But two of the biggest resources to our population, healthcare and education, are being used for huge profits and in that regards, I cringe. We should be ashamed IMO.

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I think I read where the CEO's pay has gone up over 700% since 2008. I am a capitalist at heart, but I fear that the evils of capitalism, well earmarked by Marxism has not only creeped up but is standing front in center like a boner in sweatpants and a lot of people are just ignoring it. Obomacare solved little of nothing when this kind of crap can still happen.

I'm for small government and for the rights of the people to prosper as they see fit. But two of the biggest resources to our population, healthcare and education, are being used for huge profits and in that regards, I cringe. We should be ashamed IMO.

 

"Should" and "shame" does not apply to money hungry individuals.

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Ate we comparing athletes to industrial oligarchs who gouge the american public on life saving medication?

 

 

 

 

We need someone to compose the "typical steven" song and put it on youtube so we can just link when steve is being typical

I have no problem with that. As we have determined in the past 'typical Steve' means infinitely more astute than you.

An uncanny ability to uncover the hypocrisy of the left and calling you out for bullshit.

WSS

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Especially in this particular instance. The fact is some of you guys were bitching and crying because people are greedy and want to make a profit, a huge profit, from a product that many people need.

Yet the reason we know each other is because we root for a bunch of semi-literate multi-millionaires. And billionaire owners.

 

Does anyone on this board work for free because, well people want our services?

 

How about your deep analysis instead of just your whining and bitching?

:)

WSS

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