![]() |
|
Dear EpiPen Customers . . .
By HOLMAN W. JENKINS, JR.
Aug. 26, 2016 5:36 p.m. ET To whom it may concern: As the CEO of Mylan, maker of the world-famous EpiPen, it gives me great pleasure to address you, via email from an undisclosed location, concerning the pricing of our product. As you may know, my father is a U.S. senator from West Virginia, where the state motto is “Montani semper liberi.” It means “mountaineers are always free.” Indeed, they are. But pharmaceuticals aren’t—especially EpiPen. Sadly, thanks to a controversy fanned by the media, even my father, better known as Sen. Joe Manchin, issued a statement this week decrying the “skyrocketing prices of prescription drugs.” He didn’t mention EpiPen for good reason. He’s my dad. Our health-care system is confusing. The public is understandably confused about why we have raised the price of a two-pack of EpiPens by 500% over the past decade—from $100 in 2007 to $600 today. That sounds like a lot, especially since the active ingredient, epinephrine, has been around since 1901 and is cheap to make. Yes, we recently improved our injector, but guess what? The old injector worked fine. EpiPen, using the old injector, saved thousands of lives, especially children who are allergic to peanuts or bee stings. The drug can be bought for 10 cents in many countries; the old injector design our would-be competitors are free to copy to their heart’s content. Our prices would surely be lower, then, if we actually had some competitors. Don’t blame me. The Food and Drug Administration has delayed the entry of one competitor and made noises that recently drove another from the market over product-quality snafus. As I explained to the New York Times this week, “I am a for-profit business.” EpiPen sales have reached $1 billion a year on my watch, up from $200 million a decade ago. Guess how much of that growth is not increased volume but increased profit? A lot. That’s capitalism. I’m doing my job. Maybe the FDA should do theirs.* (*Mylan employs lobbyists and lawyers to delay competitors from getting their products approved by the FDA.) Newspaper and TV coverage of our pricing controversy has not been friendly to Mylan, but most reports at least mention the ways we strive to lower the out-of-pocket price for consumers with coupons and rebates to offset their copays and deductibles. We also provide free drugs to hardship cases. The Washington Post even alluded to these efforts in its headline: “Despite coupons, EpiPen’s virtual monopoly roils critics.” Sadly, the media have proved unable to explain the finer points of pharmaceutical pricing. Not that we blame the media: health-care pricing is complicated and subject to Reporter Complexity Refusal Syndrome. And yet the essential matter is not complicated. It can be explained in a sentence: Six hundred dollars is the price we want insurers to pay. Insurers are not spending your money. They are spending everybody’s money. Look at it from the perspective of health-care providers, drugmakers or medical-device suppliers. All of us are competing for a common pot of loot. Naturally, each wants to maximize his share. That’s human nature. If 10 hungry people are sitting around a small bowl of jelly beans, each will eat more, and faster, than he otherwise would. Notice something else: How much each provider takes out of the common pot has no natural, organic relationship to the value the provider brings to the patient. Why not? Well, in the rest of the economy, when a consumer is spending out of his pocket, he has incentive to judge whether the service he’s buying is worth the price he’s being asked to pay. Now you know why we offer coupons and rebates to individual consumers. This is our way of trying to re-desensitize customers to the price of EpiPen in order to counter the efforts of insurers to re-sensitize them by hitting them with copays and deductibles. Then why does getting our coupons and rebates involve rigmarole? Because certain consumers won’t make the effort, and then we get to keep the money that would otherwise go to defray their out-of-pocket costs. It’s a great game and we have fun playing it. On average, however, it probably does not increase the health-care industry’s profit margins or the public’s health—but only the share of national income diverted to health care from everything else: beer nuts, wedding presents, automobiles. Our industry’s share of GDP is 17%, up from 13% two decades ago. Hooray, that’s $700 billion a year. For decades, health-care reform as preached by knowledgeable experts has aimed at fixing this dynamic, and yet every law passed by Congress ends up doing the opposite, basically using taxpayer money to fill the pot with more jelly beans for providers to fight over. So if you don’t like how much your EpiPen costs, elect different politicians (except for dad). Sincerely, Heather Bresch Chief Executive Officer, Mylan |
Dear EpiPen Customers . . .
Actually I hope this inspires competition.
|
Dear EpiPen Customers . . .
On 8/27/16 9:52 PM, Tim wrote:
Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." One of my neighbors is diabetic and earlier this week when the Epipen scandal broke, he mentioned that two insulin products he has used, Novolog something or other and Humalog something or other, from two competing manufacturers, had "list prices" of around $1100 for a one month supply. He pays less because of his insurance, but he still pays a lot. No competition in price. It's the American way for many products. Competition is not the answer. I doubt the Epipens cost more than $2 or $3 to manufacture, including the drug and the injector. I read a report that in Canada, a Canadian in need of an Epipen pays about $12. |
Dear EpiPen Customers . . .
On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote:
On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 08:33:11 -0400, Keyser Soze
wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." One of my neighbors is diabetic and earlier this week when the Epipen scandal broke, he mentioned that two insulin products he has used, Novolog something or other and Humalog something or other, from two competing manufacturers, had "list prices" of around $1100 for a one month supply. He pays less because of his insurance, but he still pays a lot. No competition in price. It's the American way for many products. Competition is not the answer. I doubt the Epipens cost more than $2 or $3 to manufacture, including the drug and the injector. I read a report that in Canada, a Canadian in need of an Epipen pays about $12. Yeah those price gouging democrats. This is not the "free market" it is a government imposed monopoly. There are competitors out there but they are hung up in the FDA process, something the Canadians are not burdened with in Canada where there are other products on the market. |
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze
wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? |
Dear EpiPen Customers . . .
Keyser Soze wrote:
On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. How come a mostly Democrat controlled presidency has not fixed that in the last 2 years? Maybe because they are controlled by Wall Street? |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 11:48:53 -0400, Wayne.B wrote:
On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? LOL! |
Dear EpiPen Customers . . .
Califbill wrote:
Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. How come a mostly Democrat controlled presidency has not fixed that in the last 2 years? Maybe because they are controlled by Wall Street? 20 years |
Dear EpiPen Customers . . .
Keyser Soze Wrote in message:
On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." One of my neighbors is diabetic and earlier this week when the Epipen scandal broke, he mentioned that two insulin products he has used, Novolog something or other and Humalog something or other, from two competing manufacturers, had "list prices" of around $1100 for a one month supply. He pays less because of his insurance, but he still pays a lot. No competition in price. It's the American way for many products. Competition is not the answer. I doubt the Epipens cost more than $2 or $3 to manufacture, including the drug and the injector. I read a report that in Canada, a Canadian in need of an Epipen pays about $12. Rumor has it that the predecessor to the new improved pen is off patent protection, .and at least one fella has figgered out how to reuse the device. The drug itself is dirt cheap. Won't be long before Epipens become the new Lipitor. Might be interesting to find out profit margins figureing in development and other costs to market the Epipen. Or you could go with your gut feelings about how much profit YOU summise a company should make. How much profit does your product produce? I'd bet around 99.5 percent. How worthwhile is it? Talk about the king of ripoffs. You da man. -- x ----Android NewsGroup Reader---- http://usenet.sinaapp.com/ |
Dear EpiPen Customers . . .
On 8/28/16 11:48 AM, Wayne.B wrote:
On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? What a singular honor to be insulted in junior high school fashion by so distinguished a slimeball bankster who likely was the first Zika virus baby. :) |
Dear EpiPen Customers . . .
On 8/28/16 12:54 PM, Califbill wrote:
Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. How come a mostly Democrat controlled presidency has not fixed that in the last 2 years? Maybe because they are controlled by Wall Street? The Repugnant-controlled Congress won't allow the proper legislation to get anyway. Bernie Sanders has introduced a bill to remedy and reign in the Big Pharma Banksters, but it isn't going to go anywhere until Hillary takes over the White House. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 15:55:02 -0400, Keyser Soze wrote:
On 8/28/16 11:48 AM, Wayne.B wrote: On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? What a singular honor to be insulted in junior high school fashion by so distinguished a slimeball bankster who likely was the first Zika virus baby. :) This from one who's never hurled an insult to anyone in rec.boats, let alone the other groups he's been kicked out of. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 16:45:14 -0400, Poquito Loco
wrote: On Sun, 28 Aug 2016 15:55:02 -0400, Keyser Soze wrote: On 8/28/16 11:48 AM, Wayne.B wrote: On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? What a singular honor to be insulted in junior high school fashion by so distinguished a slimeball bankster who likely was the first Zika virus baby. :) This from one who's never hurled an insult to anyone in rec.boats, let alone the other groups he's been kicked out of. === Wasn't there a group that called him an asshat and then tossed him out? |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 19:10:39 -0400, Wayne.B wrote:
On Sun, 28 Aug 2016 16:45:14 -0400, Poquito Loco wrote: On Sun, 28 Aug 2016 15:55:02 -0400, Keyser Soze wrote: On 8/28/16 11:48 AM, Wayne.B wrote: On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? What a singular honor to be insulted in junior high school fashion by so distinguished a slimeball bankster who likely was the first Zika virus baby. :) This from one who's never hurled an insult to anyone in rec.boats, let alone the other groups he's been kicked out of. === Wasn't there a group that called him an asshat and then tossed him out? I believe so. But he's said they unfairly tossed him out. So, the folks in the group must have been all bad. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze
wrote: Yeah those price gouging democrats. This is not the "free market" it is a government imposed monopoly. There are competitors out there but they are hung up in the FDA process, something the Canadians are not burdened with in Canada where there are other products on the market. So, the libertarian approach is...thalidomide? A non responsive answer and not even relevant. We are talking about the same drug and only arguing about the delivery syringe. It has more to do with patents and the power of Joe Manchin than patient safety. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 11:13:32 -0400, Keyser Soze
wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. I have never supported monopolies or market collusion. That is not a free market. In the case of insulin, why are there only 2 sources. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 19:20:36 -0400, Poquito Loco
wrote: On Sun, 28 Aug 2016 19:10:39 -0400, Wayne.B wrote: On Sun, 28 Aug 2016 16:45:14 -0400, Poquito Loco wrote: On Sun, 28 Aug 2016 15:55:02 -0400, Keyser Soze wrote: On 8/28/16 11:48 AM, Wayne.B wrote: On Sun, 28 Aug 2016 10:30:10 -0400, Keyser Soze wrote: So, the libertarian approach is...thalidomide? === Is thalidomide what stunted your personal development? What a singular honor to be insulted in junior high school fashion by so distinguished a slimeball bankster who likely was the first Zika virus baby. :) This from one who's never hurled an insult to anyone in rec.boats, let alone the other groups he's been kicked out of. === Wasn't there a group that called him an asshat and then tossed him out? I believe so. But he's said they unfairly tossed him out. So, the folks in the group must have been all bad. === That's too bad if they unfairly tossed out an asshat. |
Dear EpiPen Customers . . .
On 8/28/16 7:40 PM, wrote:
On Sun, 28 Aug 2016 11:13:32 -0400, Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. I have never supported monopolies or market collusion. That is not a free market. In the case of insulin, why are there only 2 sources. You mean, a free market doesn't mean those doing the marketing have the freedom to do anything they wish? :) |
Dear EpiPen Customers . . .
On Sunday, August 28, 2016 at 7:19:26 PM UTC-5, Keyser Soze wrote:
On 8/28/16 7:40 PM, wrote: On Sun, 28 Aug 2016 11:13:32 -0400, Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. I have never supported monopolies or market collusion. That is not a free market. In the case of insulin, why are there only 2 sources. You mean, a free market doesn't mean those doing the marketing have the freedom to do anything they wish? :) Perhaps that is the meaning to a socialist like you, Herr Krause. |
Dear EpiPen Customers . . .
On Sun, 28 Aug 2016 20:19:23 -0400, Keyser Soze
wrote: On 8/28/16 7:40 PM, wrote: On Sun, 28 Aug 2016 11:13:32 -0400, Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. I have never supported monopolies or market collusion. That is not a free market. In the case of insulin, why are there only 2 sources. You mean, a free market doesn't mean those doing the marketing have the freedom to do anything they wish? :) What does that have to do with what we are talking about? It is the FDA that says the competition can't enter new delivery devices into the market ... or even old designs until they get specifically accepted and that takes years. Why are there only 2 companies selling that insulin device you talked about? Insulin itself is a commodity item. pretty much selling for the cost of production so it must be a proprietary delivery device. The same is true of the Epi pen. The drug itself is generically available dirt cheap. You are just paying for the syringe. Who is holding up the approval of the 50 cent one? |
Dear EpiPen Customers . . .
On Sunday, August 28, 2016 at 9:58:43 PM UTC-5, wrote:
On Sun, 28 Aug 2016 20:19:23 -0400, Keyser Soze wrote: On 8/28/16 7:40 PM, wrote: On Sun, 28 Aug 2016 11:13:32 -0400, Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. I have never supported monopolies or market collusion. That is not a free market. In the case of insulin, why are there only 2 sources. You mean, a free market doesn't mean those doing the marketing have the freedom to do anything they wish? :) What does that have to do with what we are talking about? It is the FDA that says the competition can't enter new delivery devices into the market ... or even old designs until they get specifically accepted and that takes years. Why are there only 2 companies selling that insulin device you talked about? Insulin itself is a commodity item. pretty much selling for the cost of production so it must be a proprietary delivery device. The same is true of the Epi pen. The drug itself is generically available dirt cheap. You are just paying for the syringe. Who is holding up the approval of the 50 cent one? Krause can't hold the talking point. He must attempt to derail the conversation at his convenience. He is a desperate thinker, that is, if you can call his MO as truly thinking. |
Dear EpiPen Customers . . .
On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote:
On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." One of my neighbors is diabetic and earlier this week when the Epipen scandal broke, he mentioned that two insulin products he has used, Novolog something or other and Humalog something or other, from two competing manufacturers, had "list prices" of around $1100 for a one month supply. He pays less because of his insurance, but he still pays a lot. No competition in price. It's the American way for many products. Competition is not the answer. I doubt the Epipens cost more than $2 or $3 to manufacture, including the drug and the injector. I read a report that in Canada, a Canadian in need of an Epipen pays about $12. This is a classic result of a monopoly, which in this case exists because the FDA(government) has blocked every attempt by other companies to produce a generic Epi-Pen! I wonder if it could have something to do with the CEO's father being a US Senator (a Democrat who undoubtedly hates big corporations!).....nah, just a coincidence, especially since CNBC also reported Mylan paid over $400 million to Teva (the generic producer of the drug) to keep it off the market for a set period of time to allow them this to reap in billions. Patents have expired for this drug and the US government (i.e. taxpayers=all of us) paid for the patent on the delivery system (the pen) in the 1960s. |
Dear EpiPen Customers . . .
Keyser Soze wrote:
On 8/28/16 12:54 PM, Califbill wrote: Keyser Soze wrote: On 8/28/16 10:29 AM, wrote: On Sun, 28 Aug 2016 09:21:40 -0400 (EDT), Keyser Soze wrote: Tim Wrote in message: On Sunday, August 28, 2016 at 7:33:15 AM UTC-5, Keyser Soze wrote: On 8/27/16 9:52 PM, Tim wrote: Actually I hope this inspires competition. Ahhh...that old American dream...the "free market" and "competition." Exactly. the more the "competition" the better the pricing. Yes "free market" is part of the "American dream" Ahhh. Sorta like that GOP b.s. about trickle down economics... Only a democrat would believe a government imposed monopoly is the way to go. I bet you think Comcast is good too. There's no monopoly in the insulin drugs I previously mentioned, yet both competitors charge the same outrageous price for their products...and there have been numerous news articles discussing collusion in the pharma industry to avoid "competitiveness." In many market segments, even though there are competitors, there is no competition. How come a mostly Democrat controlled presidency has not fixed that in the last 2 years? Maybe because they are controlled by Wall Street? The Repugnant-controlled Congress won't allow the proper legislation to get anyway. Bernie Sanders has introduced a bill to remedy and reign in the Big Pharma Banksters, but it isn't going to go anywhere until Hillary takes over the White House. ..yup, all republican fault. Not the fact a Democrat senator's daughter is in charge of the ripoff. |
Dear EpiPen Customers . . .
On Wed, 31 Aug 2016 11:47:10 -0400, Keyser Soze
wrote: On 8/31/16 10:57 AM, wrote: That still is not going to do anything about the Epi Pen that we are talking about. The people and insurance companies paying $300-600 for these are generally not on medicaid or medicare. S.2023 is just to cut the government's exposure for the most part. Also why do you think it is only republicans who are blocking this? Hillary alone has taken over $20 million from "big medicine" and it is still August. The idea that most democrats are going to shut down their gravy train is ridiculous. Notice the only co-sponsor along with Sanders was Franken. Most democrats are not Sanders and Franken. You only had to watch the DNC convention and the roadblocks they threw in front of Sanders in the primaries to see that. No it isn't, because the Bill, because of the current GOP control of Congress, isn't going anywhere. That's the same reason Social Security why Medicare isn't able to negotiate drug prices, because of the GOP control of Congress. That impediment has to be removed. Also the Bill provides remedies to get around the raping of the public being perpetrated by the drug manufacturers. You still have not said why this is only the republicans. When the democrats were ramming their health plan through the all democrat congress, why wasn't drug reform part of it? Could it possibly be that the democrats are bought by the people you are blaming? Your Republican Libertarians have nothing that will help...they're against regulation. Bear in mind, the abusive patent protection laws that make all of this possible are "regulation" too. Most of this is simply abuse of the patent law. It tends to reward the person with the best lawyer, not the inventor. |
Dear EpiPen Customers . . .
On Wed, 31 Aug 2016 12:12:09 -0400, Keyser Soze
wrote: I suggest you read for content and get back to us. I read the "Canada" part and my first thought is I bet Canada might ban exports to the US if this passes because it would make their prices go up if they didn't. Their negotiations with the drug companies will change if the companies realize this is not just the small Canadian market but the much larger US market. I don't think it is a secret that the US has always subsidized foreign sales. |
Dear EpiPen Customers . . .
wrote:
On Wed, 31 Aug 2016 12:12:09 -0400, Keyser Soze wrote: I suggest you read for content and get back to us. I read the "Canada" part and my first thought is I bet Canada might ban exports to the US if this passes because it would make their prices go up if they didn't. Their negotiations with the drug companies will change if the companies realize this is not just the small Canadian market but the much larger US market. I don't think it is a secret that the US has always subsidized foreign sales. Most foreign countries regulate the price per manufacturing cost plus a reasonable profit. They do not figure in development costs. Therefore the USA consumer pays for all development costs. |
Dear EpiPen Customers . . .
On 8/31/16 1:15 PM, Califbill wrote:
wrote: On Wed, 31 Aug 2016 12:12:09 -0400, Keyser Soze wrote: I suggest you read for content and get back to us. I read the "Canada" part and my first thought is I bet Canada might ban exports to the US if this passes because it would make their prices go up if they didn't. Their negotiations with the drug companies will change if the companies realize this is not just the small Canadian market but the much larger US market. I don't think it is a secret that the US has always subsidized foreign sales. Most foreign countries regulate the price per manufacturing cost plus a reasonable profit. They do not figure in development costs. Therefore the USA consumer pays for all development costs. The current scandal over the epipen price gouging has nothing to do with development of the product or the cost of the med, which has been estimated at no more than $1.00. Coincidentally, that is about the same cost as the current polio vaccine. The original Salk vaccine costs to the public were kept very low because Jonas Salk was a humanitarian, not a corporate goniff, and if memory serves, did not patent his medication. I remember distinctly as a little kid lining up at the local elementary school, where doctors and nurses had volunteered to inoculate every schoolkid in New Haven at no cost to parents. |
Dear EpiPen Customers . . .
On Wed, 31 Aug 2016 13:40:20 -0400, Keyser Soze
wrote: The current scandal over the epipen price gouging has nothing to do with development of the product or the cost of the med, which has been estimated at no more than $1.00. Coincidentally, that is about the same cost as the current polio vaccine. The original Salk vaccine costs to the public were kept very low because Jonas Salk was a humanitarian, not a corporate goniff, and if memory serves, did not patent his medication. I remember distinctly as a little kid lining up at the local elementary school, where doctors and nurses had volunteered to inoculate every schoolkid in New Haven at no cost to parents. I agree that this EpiPen deal is highway robbery and if the government wants to do something, they should streamline the process for someone to knock this product off but that is cutting back on regulation so you are automatically against it. The drug itself is generic and dirt cheap. The patent is in the little bit of plastic that injects it. This is not rocket science and if FDA would loosen it's grip, any injection molding shop would be popping them out for a buck or less each. It would cost more to certify the shop that loads the drug than the drug and the injector combined. Knocking off products in any other industry is common if not the rule. It is not shocking to me that the medical devices industry is the glaring exception. You only have to look at the size of the bribes they send legislators here. They have already sent the politicians over $161 million in this cycle alone (15% of that to Hillary, by far the largest single benefactor) . I know you think regulation is the panacea but, as long as the people who write the regulation, are taking money from the regulated industries, only the companies who can pony up that kind of money will be served by that regulation. It is not the consumer who benefits and it is not the small company that wants to compete. Regulation mainly benefits the people who can pay to mold that regulation. |
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
Keyser Soze wrote:
On 8/31/16 1:15 PM, Califbill wrote: wrote: On Wed, 31 Aug 2016 12:12:09 -0400, Keyser Soze wrote: I suggest you read for content and get back to us. I read the "Canada" part and my first thought is I bet Canada might ban exports to the US if this passes because it would make their prices go up if they didn't. Their negotiations with the drug companies will change if the companies realize this is not just the small Canadian market but the much larger US market. I don't think it is a secret that the US has always subsidized foreign sales. Most foreign countries regulate the price per manufacturing cost plus a reasonable profit. They do not figure in development costs. Therefore the USA consumer pays for all development costs. The current scandal over the epipen price gouging has nothing to do with development of the product or the cost of the med, which has been estimated at no more than $1.00. Coincidentally, that is about the same cost as the current polio vaccine. The original Salk vaccine costs to the public were kept very low because Jonas Salk was a humanitarian, not a corporate goniff, and if memory serves, did not patent his medication. I remember distinctly as a little kid lining up at the local elementary school, where doctors and nurses had volunteered to inoculate every schoolkid in New Haven at no cost to parents. Read for content. Part of foreign pricing. |
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
Keyser Soze wrote:
No it isn't, because the Bill, because of the current GOP control of Congress, isn't going anywhere. That's the same reason Social Security why Medicare isn't able to negotiate drug prices, because of the GOP control of Congress. That impediment has to be removed. Write much? |
Dear EpiPen Customers . . .
|
Dear EpiPen Customers . . .
On Tuesday, August 30, 2016 at 9:45:56 PM UTC-5, wrote:
On Tue, 30 Aug 2016 21:11:30 -0500, Califbill wrote: Keyser Soze wrote: The Repugnant-controlled Congress won't allow the proper legislation to get anyway. Bernie Sanders has introduced a bill to remedy and reign in the Big Pharma Banksters, but it isn't going to go anywhere until Hillary takes over the White House. .yup, all republican fault. Not the fact a Democrat senator's daughter is in charge of the ripoff. Harry is full of **** as usual. Yes. As usual. No explanation necessary. |
All times are GMT +1. The time now is 07:55 PM. |
|
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright 2004 - 2014 BoatBanter.com