Once again, the government creates a problem that only they can provide a solution to.
How many EPI-PENS could have been given to poor people for the $250,000.00 that she gave to the Clinton Crime Family Slush Fund????
Anyone that pays anything for insurance pays for it.
So why can't someone manufacture an auto-injector using the old design with the expired patent? That should only cost about $50 out-of-pocket.
The corporation is the one raising the price not the FDA. The problem is not the lack of competition but the disparity in negotiating power. Let every libertarian go to the corporation and say I want to negotiate the contract of sale for your product. The B*stards running the drug companies are screaming “Regulate my Prices, I can’t control myself!”
There is a similar article on today’s WSJ opinion page.
Instead of government discouraging monopolies by enforcing Anti-Trust laws, they now openly embrace monopolies.
The CEO of the company that owns EpiPen is the daughter of a US Senator! Surprise! And FedGov just mandated that schools MUST have these on hand.
So we have FedGov killing competition, mandating sale, and allowing price hikes.
And we STILL won’t vote these people out.
Corruption is out of control. Follow it and one always finds a path to the Clinton Foundation.
The conductor of this symphony is Obamacare.
I could smell this back-of-the-story from miles away. No one could introduce these kinds of increases unless they were an approved monopoly. The old concept of the “Peter Principal” also applies as the price kept increasing until the screams were no longer able to be kept quiet.
This should be of interest to you.