Pharma CEO raises EpiPen price by 400%, and gets a 671% raise

I’ll get on crankin out those generic drugs in my garage. Alternatively I could make some EpiPen drug runs to BC, but it’d be illegal to resell them, and customs doesn’t take kindly to drug runners.

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You know, stats do show that companies captained by women outperform the average. But in some cases it could have a dark side. There’s also some evidence that higher company earnings may be linked with women executives being more aggressive than the norm. My money is on many corporate cultures require aggression, and doubly so for women.

My point is that the means to equality could be as important as the ends. Having more women executives is good. Valuing people who aren’t jerks to run companies helps that and a multitude of other things.

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This must be a mistake… or maybe he was being sarcastic?

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Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.

Widely attributed to Steinbeck, but actually some other guy who’s name slips my mind.

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Apparently they cost €57 each here in Ireland which I think is a shockingly high price. I would have guessed a tenner for a one shot of generics which is what they are.

They never told me that in first aid class.

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Here you go, America, this is your free market health care system at work. Enjoy. Your health is just a commodity which can be bought and sold to line the pockets of big corporations. You need something for your health? Fine, we’ll charge you an arm and a leg for it for no reason at all but we CAN, and therefore you WILL.

Healthcare… it’s a right, not a privilege for the wealthy elite. Get on board before we’re all priced so far out of the market we can’t afford aspirin. Single payer system, ditch the insurers, and Congress sets pharmaceutical prices, not the companies. Don’t think they’ll make them? Sure they will once you untie them from the gambling casino that is called the “stock market” and turn them into non-profits, which is what they should be. And if they won’t carry the load, the US government has proven more than capable of producing the research needed for new drugs. Numerous studies show that most of the really beneficial pharmaceuticals are coming from public sector research institutes which are directly government funded.

The real irony? The basic research for the epipen was done by the US government to provide nerve agent antidotes for soldiers. So these bozos are profiteering off the tax dollars of the American people.

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https://en.wikiquote.org/wiki/John_Steinbeck#Disputed

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Those were my thoughts too. I always shudder when apologists say, “You’ve got to pay top dollar to attract the right people.”

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That’s what you’re taking from this story?

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I think that their moral compass is rock steady. It just doesn’t point in any decent direction.

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That’s the smart ass comment I brought to the story.

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The whole system is broken. When I say that I mean every part of it: From big pharma down to the patients.

In this country we see healthcare as a right when in reality at no point in history has this ever been the case; it is a benefit we have struggled to achieve daily. The number of people who eat excessively, smoke, drink, and are sedentary (myself included in these failings) and yet expect to be saved on their deathbed (largely made by those failings) at exorbitant costs to the rest of society is staggering.

I’m not saying the other parts aren’t completely fucked (they are) but I just think it worth approaching the problem with the appropriate scope.

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Got me, hook/line/sinker on that one

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Isn’t this just eugenics through price manipulation?

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Breeding for wealth?

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In hindsight, I seem to have violated Poe’s law on that one.

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Sure! I mean you can’t have indentured servants, I mean workers, who kill over at one little bug bite or whiff of peanut butter. We don’t need those people breeding…

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I would like to refer back to a previous post I had about Shkreli. In the end, he tried to do in one step what all the rest of these companies do over a longer period of time. He got greedy and got slapped, in my conspiracy theory, by rest of the pharma companies who do it over a longer period of time. They’re more about the ‘frog in the pot of boiling water’ types. If you don’t do it too quickly, you up your profits way beyond inflation and people don’t notice it as much until somebody goes back and checks the numbers.

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There speaks someone who has already benefitted by modern medicine, to the extent that they have survived to an indulgent (to sum up your claimed vices) adulthood without ending up in a child’s grave due to the many diseases and misfortunes that would kill the virtuous and vice-ridden without discrimination.

Epipens treat a condition that has nothing to do with the moral worth of the patient, even if you were in a position to assess that for everyone who needs one.

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Leaving aside the trainwreck that is US healthcare meeting capitalism, isn’t it a bit disproportionate that this CEO gets a 671% raise for a 400% price-hike? Never mind that they may be selling fewer epipens as fewer people buy extras “just in case” (and more of their customers die when they get that calculation wrong and so don’t buy any more) so the company isn’t bringing in 400% more money; don’t the other workers at that company deserve a cut of that pie?

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