Friday, August 26, 2016

The EpiPen is mightier

Image via Wikiquote.
The weirdest thing about the latest drug outrage, the 400% rise in the price of the EpiPen epinephrine delivery system from Mylan, is the way the CEO, Heather Bresch, who just happens to be the daughter of Senator Joe Manchin ("Democrat"-WV), seems to want to take offense at it in her CNBC interview, as if it were something done to rather than by the company—

Heather Bresch: Look, no one’s more frustrated than me. I’ve been in this business for 25 years…
Sullivan: But you’re the one raising the price, how can you be frustrated?
Bresch: My frustration is there’s a list price of $608. There is a system. I laid out that there are four or five hands that the product touches and companies that it goes through before it ever gets to that patient at the counter. No one, everybody should be frustrated, I am hoping that this is an inflection point for this country. Our health care is in a crisis. It’s no different than the mortgage and financial crisis back in 2007. This bubble is going to burst.

You hear how she glosses over her own responsibility? "You're the one raising the price," says Brian Sullivan; "There's a price," replies Bresch, essentially denying it.

It just raised itself! When nobody was looking! The Invisible Hand is angry because humans have scorned the sacred laws! Thanks, Obama!

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