http://www.nytimes.com/2016/08/25/b...before-the-expected-arrival-of-a-generic.html Other articles/editorials from NYT and links: http://www.nytimes.com/2016/08/24/upshot/the-epipen-a-case-study-in-health-care-system-dysfunction.html. http://www.nytimes.com/2016/08/24/us/politics/epipen-mylan-congress.html This is what happens when you allow capitalism to govern things that are related to basic human health, needs, and rights. Canada btw, still pays under $100 for epipens.
Who in their right mind would call our healthcare system Captialism? If there is a heavy demand for something and only one option, its basically guaranteed to not be a free market.
In your opinion why are there no competitors to Mylan's Epi-pen? a 'monopoly'? how is this 'monopoly' preventing another company from making a comparable product?
Google is great. I googled can you make your own epipen. Guess what....you can http://www.consumerreports.org/drugs/can-you-get-a-cheaper-epipen/
The drug is extremely cheap. This isn't a problem with unregulated capitalism. This is a problem with regulatory agency forcing people to have one gimmick delivery system for a cheap drug. Further you can just load up your own syringes and have them ready to inject yourself for basically nothing.
That's great...except my kids school won't accept that to keep on hand. Must have a prescription and an expiration date. So, for my 10-yr old, I'm forced to purchase the EpiPen. Hopefully their discount card and the insurance will keep it reasonable.
media discovery came after Teva failed take over, price /consumers advocacy are all marginals concerns http://www.cnbc.com/2016/08/24/here...he-ceo-behind-the-big-epipen-price-hikes.html
At least it's not a straight up grift like Theranos, I hope that turtleneck girl's looking at some transfer catalogs for Spring semester.
I don't think the prices are changing if you have insurance, but it's still a scam that you are forced into over a simple "patented" drug delivery system.
not at all, but the notion that there can be only one possible delivery system for insulin is not an intellectual property law issue. As others have stated, there are tons of other ways that are being blocked by regulations.
I am to an extent in terms of time. These drug companies are reworking meds to avoid losing their patient timer and having to make generics.
Yeah, I already read that. What's the regulation that has declared the product has major deficiencies? Being blocked by regulations isn't necessarily a bad thing. If it's an unsafe product then it should be blocked. That's the FDA's job.
the FDA declared it dangerous. They don't have to really give a reason. The FDA should declare it unsafe and explain why. Then citizens should get to choose for themselves if they want to use it. The contention here (similar to dallas buyer's club) is that the device wasn't unsafe and Maylan and the FDA are in cahoots.
The FDA, much like the USDA and the SEC, are largely funded by the groups they're designed to look after.
They tell Teva the reasons - if they want to make them public and argue that it's safe, they certainly could. Much easier to let everyone speculate and form conspiracy theories though than publish the details. As for the "citizens choosing", we've made the decision as a country that we don't like unsafe products floating around killing people, whether it be drugs, tainted foods, toys with lead, etc. Perhaps you disagree, but majority of the country seems to generally be in agreement that this is one of the things we like our government to help with.
