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www.cbsnews.com...
CBS News coverage of the life-saving device for allergies created public outrage and led to a congressional investigation. Last September, Mylan CEO Heather Bresch was called before Congress to explain why EpiPen’s price had soared from about $103.50 in 2009 to more than $608.61 in 2016.
Because we realized there was an unmet need. … And so we made a conscious decision, the board, we put a business plan together to invest, to build public awareness and access,” Bresch said. “We’re now in over 70,000 schools across America. We’ve donated more than 800,000 free EpiPens… and remember that that price incorporates the entire supply chain. But it was that investment over the last eight years that would allow us to reach patients and save lives.”
Specifically, it's the profit-seeking strategies of two industries that get much of the blame for why Americans are experiencing price shock at the pharmacy. "Our analysis suggests that high prices for generic and brand-name drugs stem in part from a battle over profit between mammoth industries—big pharma and insurance companies—with consumers caught in the middle," the CR study reports:
originally posted by: seasonal
a reply to: chiefsmom
What about the hospitals still charging $2000 for a 30 year old test (MRI)? The whole system is a mess.
The reason things cost so much is because the hospitals/pharma charge so much.
originally posted by: seasonal
a reply to: Edumakated
You are very right. Medical is the only industry where a loss is added to my and your bill.
Also when you pull one string and try to solve a problem, 10 more strings flop out.
originally posted by: TrueBrit
a reply to: Edumakated
The problem is treating medicine as a business first, rather than a calling.
Those who enter the profession, privately or publicly should not be doing so because the call of the mighty dollar induces them to do so. Those people, the industry could do very well without.
originally posted by: TrueBrit
a reply to: Edumakated
The problem is treating medicine as a business first, rather than a calling.
Those who enter the profession, privately or publicly should not be doing so because the call of the mighty dollar induces them to do so. Those people, the industry could do very well without.
Every business charges for their losses. The problem with healthcare is that the losses on any individual customer are so extreme.