This is becoming all too much routine. People's lives are being sacrificed in the name of the "free market". But Big Pharma has one of the biggest and most highly funded lobbying organizations around. What to do?
From The New Republic:
The referenced article on NBC is quite enlightening; it's followed by a second article detailing other abhorrent practices by Mylan.
Generally, people who cause this much harm to others are supposed to go to jail. These people just get paid more.
From The New Republic:
Clio Chang
2 hours ago
AP Images
Meet the Martin Shkreli of allergies.
According to NBC, Heather Bresch, the CEO of Mylan, a pharmaceutical company that bought the rights to EpiPens in 2007, has raised the price of the pens, which are used in emergencies to treat severe allergic attacks, by 400 percent over the last eight years. (Bresch’s pay, in the meantime, has increased by 671 percent.) That means that EpiPens, which used to cost around $94, now sell for an average of $608. Bad news for kids with life-threatening allergies! Members of Congress are demanding more explanation from Mylan on the price increases.
Perhaps even more insidious is the fact that Mylan spent millions on lobbying over the past decade. In decisions that directly benefited Mylan, the FDA in 2010 recommended that EpiPens be prescribed not only to patients with confirmed allergies, but also those who are at risk. The agency also recommended packaging two pens together as opposed to selling single doses.
Martin Shkreli, who is one of the most hated men in America, weighed in on the matter this morning, stating that the price was actually “quite a bargain,” especially if you consider the much higher costs of going to a hospital for anaphylactic shock.
In other words, suck it up you allergen-whining, free market–hating goons!
The referenced article on NBC is quite enlightening; it's followed by a second article detailing other abhorrent practices by Mylan.
Generally, people who cause this much harm to others are supposed to go to jail. These people just get paid more.
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