A two-dose package cost around $94 nine years ago. The cost averaged more than six times that in May
*************************
There is no way that cost of production increased anywhere near that.
This is gouging.
It is why medical costs are out of control.
Gouging is normal in the medical industry.
I’ll say it again: Democrats get rich by following conservative principles in life and finance. In office it’s other people’s money. Guess hypocrite is the word.
” Gouging is normal in the medical industry”
Classic inelasticity of demand. Make your own drug if you think the market is “unfair”. Oh and repeal all anti pharma tort laws.
From Heather Bresch's Wiki page
In 2007, Mylan secured rights to the nearly fifty year old EpiPen, used to treat anaphylaxis (severe allergic reactions).[29] Bresch advocated for broader availability of EpiPens in public places and helped pass the School Access to Emergency Epinephrine Act which made epinephrine more accessible in schools.[17][30] Between 2009 and May 2016, under Bresch's tenure as Mylan president, Mylan raised the price of a set of pens by nearly 500 %, from $103.50 to $608.61.[29] Proxy filings show that from 2007 to 2015, Bresch's compensation went from $2,453,456 to $18,931,068, a 671 percent increase. During the same period, EpiPen prices went from $56.64 to $317.82, a 461 percent increase, according to data provided by Connecture.[31]
And don't forget, this POS tried to pass herself off as having an EMBA. After an attempted cover-up by WVU, it was rescinded. Also the president, provost and a dean of WVU were forced to resign.
And you know what ticks me off, is every time there is a gas shortage or some fuel issue, if a gas station price gouges, every politician from here to the moon is holding press conferences at the gas station vowing to fine the hell out of it or shut it down. But medical gouging where people could lose their life? Oh that’s perfectly OK. I remember near the end of GW Bush term gas prices went through the roof. I think the highest it got was $5 a gallon for diesel here in New York city. But oh, lo and behold some mom and pop gas station went 25 cents over the average cost and there was Chuck Schumer holding a press conference at the gas station vowing to fine it out of existence.
They know you need it and there aren’t many substitutes out there so they can charge whatever they wish.
What’s the price of an aspirin in the hospital these days? $5, $10, $20?