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Good News Comrades! $600 EpiPen Only Costs $69 in Britain
#1
The price of an EpiPen two-pack has surged to more than $600 in the U.S., sparking a political outcry. While the manufacturer, Mylan NV, says it takes home about $274, in the U.K. a similar pair of injectors costs the state-funded National Health Service 53 pounds ($69). The numbers highlight the stark differences in the way drugs are priced in the U.S. and Britain, where the government negotiates with pharmaceutical companies to limit costs.

http://www.bloomberg.com/news/articles/2...yptr=yahoo


EpiPen outrage: Silicon Valley engineers figure real cost to make lifesaving auto-injector two-pack — about $8

“That is the free enterprise system,” said a grinning Wallace, a metallurgist who runs Polar Pure, a small company that makes iodine-based water purifier kits. “Cheateth thy neighbor before he cheateth thee.”

http://www.mercurynews.com/2016/10/01/ep...-about-10/
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#2
(10-02-2016, 10:41 AM)ModestProposals Wrote: “That is the free enterprise system,” said a grinning Wallace, a metallurgist who runs Polar Pure, a small company that makes iodine-based water purifier kits. “Cheateth thy neighbor before he cheateth thee.”

http://www.mercurynews.com/2016/10/01/ep...-about-10/


What nonsense.

The true picture is far more accurately summed up in the cartoon below:




[Image: 81_18408620160829111332.jpg]



 The loudest cries of outrage are, naturally, from the liberal and progressive areas of the MSM
(think CNN and MSNBC), primarily denouncing 'price-gouging capitalism'. 

But...........how can there be 'price-gouging capitalism' when the entire pharmaceutical industry is utterly and completely
regulated by the Federal Gubmint through the FDA (Fooled and Drugged Administration)?

That particular little conundrum, when pointed out, usually stops 'em in their tracks -- about 100% of the time.

These are the same folks who think that the best solution to almost any problem is more government and more regulation.

But they have this little blank spot in their brains that causes them to be willfully blind to the obvious, which has been
clearly stated in a previous iteration of this board:


When the buying and selling of things is to be regulated, the first thing to be bought and sold is the regulators.


https://en.wikipedia.org/wiki/Regulatory_capture


Regulatory capture - Wikipedia, the free encyclopedia
en.wikipedia.org
Regulatory capture is a form of government failure that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or ...



You can go almost anywhere in Europe and buy an Epipen over the counter (without a prescription) for about the price listed in
the quoted article (or, closer to home, in Canada).  You can also, BTW, get a month's supply of insulin for what it costs for
one day's worth here -- also OTC.

In case you were thinking, "Man, I could fly to Paris, load up a suitcase full and bring it back for one hell of a lot of profit."  And the profit
would be enough to enable you to not only travel First Class but also stay First Class (like in the George V).

'Fraid not.  The Feds have made such actions illegal -- and they will send you to prison.


http://www.fiercepharma.com/pharma/pharm...mportation


Pharma wins another round in fight against dreaded drug reimportation | FiercePharma
www.fiercepharma.com
Judge tosses Maine law allowing residents to buy from foreign pharmacies



We really don't have 'capitalism' here in the US.  What we have is 'crony-corporatism', where large enterprises suborn and
use the coercive power of government to remove any competition and thereby establish monopolies for themselves.

And this, like every other 'shortage', is directly and specifically caused by governmental interference in the markets.

Mylan and Epipen are just the latest examples.

But more bought-and-paid-for "regulation" is not the answer.

And nor will it ever be.
"Sooner or later everyone sits down to a banquet of consequences."  -- RLStevenson
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#3
Well, since anarchism doesn't work, humans need government.  And since government must regulate (e.g. to define, investigate, and punish crimes), therefore any capitalist system will eventually degenerate into crony capitalism and corruption and thus fail.

Crony capitalism and corruption, for example, is what is holding back Pakistan and India.  China is a hot bed of crony capitalism, but is cracking down hard on corruption.

What if the profit motive (i.e. greed) was removed from capitalism?  For example, corporations could be limited to non-profit organizations and mutual companies (e.g. mutual insurance companies and credit unions).
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#4
(10-02-2016, 06:22 PM)ModestProposals Wrote: Well, since anarchism doesn't work, humans need government.  And since government must regulate (e.g. to define, investigate, and punish crimes), therefore any capitalist system will eventually degenerate into crony capitalism and corruption and thus fail.

Crony capitalism and corruption, for example, is what is holding back Pakistan and India.  China is a hot bed of crony capitalism, but is cracking down hard on corruption.

What if the profit motive (i.e. greed) was removed from capitalism?  For example, corporations could be limited to non-profit organizations and mutual companies (e.g. mutual insurance companies and credit unions).

Non-profit organizations? You mean like the Clinton foundation? I don't think I would want to buy an iPhone from them.

And BTW, an EpiPen costs under $127 on the open market in Europe, so Mylan must be taking home more than their claimed $274 from each US sale, OR they are paying one hell of a tax on the things when they sell them here.
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#5
The good news is that there's a much cheaper alternative, the Adrenaclick:
http://www.consumerreports.org/drugs/can...er-epipen/

Available in drugstores and Walmart, it's like $200.

But your prescription can't say Epipen, that's a specific brand. If you have a prescription for an "epinephrine autoinjector", you're all set.
Guns don't kill people, the government does.
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#6
(10-02-2016, 02:36 PM)diverdown Wrote:  
But...........how can there be 'price-gouging capitalism' when the entire pharmaceutical industry is utterly and completely
regulated by the Federal Gubmint through the FDA (Fooled and Drugged Administration)?
 
You must be joking right? Do you even know what pharma regulation and the FDA mean? FDA does not regulate pricing, it regulates safety - and even that it does poorly as it seems to be rubber stamping more and more drugs through the Clinical Trials process.
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#7
(10-04-2016, 05:19 PM)tdogg Wrote:
(10-02-2016, 02:36 PM)diverdown Wrote:  
But...........how can there be 'price-gouging capitalism' when the entire pharmaceutical industry is utterly and completely
regulated by the Federal Gubmint through the FDA (Fooled and Drugged Administration)?
 
You must be joking right? Do you even know what pharma regulation and the FDA mean? FDA does not regulate pricing, it regulates safety - and even that it does poorly as it seems to be rubber stamping more and more drugs through the Clinical Trials process.



Obviously.

But then again, the FDA has pretty much been a joke since its inception, which was primarily as a pacifier for certain special interests.

As far as 'rubber stamping' drugs through 'clinical trials'  that's what they've always done.

Remember this one?


http://articles.mercola.com/sites/articl...nsafe.aspx

[Image: th?id=OVP.V13beb715a0dcaf75ac8d7d4714f95bd4&pid=Api]

Vioxx: This Pharmaceutical Drug Killed Over 60,000 People
articles.mercola.com
Discover the truth about dangerous types of pharmaceutical drugs like Vioxx, which is linked to heart attacks and has killed more than 60,000 people.



The primary purpose  of virtually all governmental regulatory agencies is not to 'protect the public' even though
that is their 'stated purpose' and the reason for their existence.

It is to protect the monopolistic control by certain vested interests with the deepest pockets.

To 'regulate' and remove any competition, to use the coercive power of government to build high walls and big moats
around specific areas and industries, for those industries own benefit, not that of the public.

Think FCC.  Or SEC.  Or any of the other alphabet agencies.

And the Pharma/HealthCare industry is the most egregious violator (along with the Banks) of most of the Anti-Trust
and RICO racketeering laws that the rest of us 'proles have to abide by.

'Cause they got bought-and-paid-for "Special Exceptions and Exemptions".

The Feral Gubmint of the US of A is the best money can buy............ by far.

I think that taking them at face value for their 'stated purpose' is naïve.

However, you are certainly entitled to think whatever you wish.
"Sooner or later everyone sits down to a banquet of consequences."  -- RLStevenson
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#8
Guess who takes campaign contributions from Big Pharma?

- that's right.

Hillary
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