The Hackers groups are doing what they can to expose Mylan's (EpiPen makers) Greed which is laudable. What is really needed is also an explainer on why a bit of govt. leverage (socialism if you will) is good in Medicine Pricing as well.
Mylan is a really great user of buying legislation.
They leveraged their 90% market ownership of the epinephrine auto-injector market such that
[1] It lobbied hard to ensure that all parents of school going kids (or tax payers) paid for EpiPens by making it into a bill that politicians could easily justify.
Once the bill passed and schools all over the country purchased these by the boatloads, then they just kept raising the price over and over and milking the profits.
When it got too much and they could not ignore the patient backlash they have turned again to purchasing legislation..
[2] Now they want to make it so that the patients do not see the copays - instead every one suffers by paying more for health insurance.
[1] https://www.opensecrets.org/lobby/billsum.php?id=hr2094-113
[2] http://www.nytimes.com/2016/09/16/business/epipen-maker-myla...
With scumbags like these, is it any wonder that the USA has the most expensive healthcare system in the world?
Mylan is a really great user of buying legislation. They leveraged their 90% market ownership of the epinephrine auto-injector market such that
[1] It lobbied hard to ensure that all parents of school going kids (or tax payers) paid for EpiPens by making it into a bill that politicians could easily justify.
Once the bill passed and schools all over the country purchased these by the boatloads, then they just kept raising the price over and over and milking the profits.
When it got too much and they could not ignore the patient backlash they have turned again to purchasing legislation..
[2] Now they want to make it so that the patients do not see the copays - instead every one suffers by paying more for health insurance.
[1] https://www.opensecrets.org/lobby/billsum.php?id=hr2094-113
[2] http://www.nytimes.com/2016/09/16/business/epipen-maker-myla...
With scumbags like these, is it any wonder that the USA has the most expensive healthcare system in the world?