U.S. lawmakers demand information on EpiPen price increase

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Comments

  • Cliffy6745
    Cliffy6745 Posts: 34,030
    mace1229 said:

    How many important drugs were only funded, tested and created because of the hopes of making millions? I don't know the answer, but I'm guessing it is at least several if not many. It sucks they get that greedy to this point, but I assume it pushes development as well. Who's going to risk tens of millions in research to just make a few hundred thousand?

    Every single one. I once worked on a drug that impacted 20k people in the united states that is now well over a $500 million drug because of how important it is over the entire course of a lifetime.
  • Degeneratefk
    Degeneratefk Posts: 3,123

    I work in pharma. There are major issues in pricing and a lot of that does come down to insurance companies being awful. This is not one of those though.

    Everyone is correct in that without the massive profits, we would not have any of the outstanding drugs we have today, obviously.

    I don't understand these price hikes at all. They are so shortsighted.

    I am a massive proponent of performance based pricing.

    When you say performance based pricing, do you mean if the drug works extremely well, it should cost more? What If the generic works just as well? Should thise prices increase as well?
    will myself to find a home, a home within myself
    we will find a way, we will find our place
  • Degeneratefk
    Degeneratefk Posts: 3,123
    This whole thing reminds me of an episode of House MD. Season 2, I think, where Vogler wants house to introduce a new cholesterol product. House basically gives a brochure read speech that lasts all of 10 seconds. Vogler insists house say more. So house says the new drug was merely an expensive alternative to a cheap medication to which Vogler had added nothing more than an antacid. Instead of giving Vogler's impressive speech, House explained to the audience and a stunned Vogler that they should continue to use the old cheap drug, because it was just as good.

    Any fans of house knows what Im talking about.
    will myself to find a home, a home within myself
    we will find a way, we will find our place
  • Cliffy6745
    Cliffy6745 Posts: 34,030

    This whole thing reminds me of an episode of House MD. Season 2, I think, where Vogler wants house to introduce a new cholesterol product. House basically gives a brochure read speech that lasts all of 10 seconds. Vogler insists house say more. So house says the new drug was merely an expensive alternative to a cheap medication to which Vogler had added nothing more than an antacid. Instead of giving Vogler's impressive speech, House explained to the audience and a stunned Vogler that they should continue to use the old cheap drug, because it was just as good.

    Any fans of house knows what Im talking about.

    This is certainly a scenario that happens but is rarely the case with many new drugs. They are coming to market for a reason, a business and health reason.

    People managed MS with interferons for years. They worked, but they caused flu like symptoms, injection site reactions, among many other somewhat tolerable side effects. Then orals come out (with their own tolerability issues for sure), and they are largely just as efficacious and are a significantly lower burden on the patient. Sure they are most expensive, but that goes with the territory of a better drug.

  • mace1229
    mace1229 Posts: 9,844

    mace1229 said:

    How many important drugs were only funded, tested and created because of the hopes of making millions? I don't know the answer, but I'm guessing it is at least several if not many. It sucks they get that greedy to this point, but I assume it pushes development as well. Who's going to risk tens of millions in research to just make a few hundred thousand?

    Every single one. I once worked on a drug that impacted 20k people in the united states that is now well over a $500 million drug because of how important it is over the entire course of a lifetime.
    Penicillin was an accident. Didn't cost anything to research, other than a lab mistake. Add that to the strange facts thread. But other than that, probably all.
  • mace1229
    mace1229 Posts: 9,844

    mace1229 said:

    There needs to be a balance. Without the potential of making a big profit, I bet we wouldn't have half the drugs we do. But who really needs a $19m salary?
    From my experience health insurance was just as bad. My employer switched health coverage. My wife takes medication which is about 3 grand a prescription without insurance. So no way we can afford it if insurance doesn't approve. The new insurance threw us so many loop holes before they would cover it, she ended up going without it for 3 months.
    Aside from the prescription, they required a doctor authorization (isn't that what a prescription is?). They gave us a number to provide to our doctor to call. We would call our insurance regularly to make sure it went through and all they would say is "it can take 2 weeks to process, so its not in the computer yet."
    After the 2 weeks it changed to "no we don't have anything from your doctor. We gave you the wrong number last time, give him this number."
    Another 2-3 weeks went by and same thing, but this time they said to fax it instead. Same thing, another 2-3 weeks went by before giving us a third and different number.
    A few days later I called in to check on the status when I got the normal "it can take 2-3 weeks to process, so its not in our computer yet."
    I unloaded on them on the phone, explaining how we kept getting the runaround and my wife and gone without her medication for 3 months now as a result, medication needed to control otherwise very debilitating arthritis, and ended the conversation with "if it isn't here tomorrow, you will be hearing from an attorney on my behalf." After than comment I was put on hold for about 30 seconds and she came back and said "it's on the way."
    Ridiculous it had to come down to a threat. Our doctor said unfortunately they get that all the time, they drag their feet so they don't have to pay for expensive medication.
    How do those people sleep too?

    Insurance companies regularly abuse the prior authorization system, but in general, it is a very important step/requirement for consumers

    I don't see the difference between prior authorization and a prescription. Isn't that essentially what a prescription is? How is it an important step, especially if it is regularly abused?
  • Cliffy6745
    Cliffy6745 Posts: 34,030
    mace1229 said:

    mace1229 said:

    How many important drugs were only funded, tested and created because of the hopes of making millions? I don't know the answer, but I'm guessing it is at least several if not many. It sucks they get that greedy to this point, but I assume it pushes development as well. Who's going to risk tens of millions in research to just make a few hundred thousand?

    Every single one. I once worked on a drug that impacted 20k people in the united states that is now well over a $500 million drug because of how important it is over the entire course of a lifetime.
    Penicillin was an accident. Didn't cost anything to research, other than a lab mistake. Add that to the strange facts thread. But other than that, probably all.
    Good point.
  • Cliffy6745
    Cliffy6745 Posts: 34,030
    And one more extremely important point, while current blame is entirely on the CEO and to a lesser extent insurance, it is a obviously larger systemic issue. For companies without a long term pipeline (I don't know what Mylan's pipeline looks like without looking it up), all Wall Street cares about is the next quarter's earnings. The Mylan CEO reports to shareholders, not patients or the public and she has a monopoly on that product. While I think it is very shortsighted, her point that she is running a for profit business is a valid point from her perspective.
  • Free
    Free Posts: 3,562
    edited August 2016
    CEO Who Jacked Up Cost Of EpiPens Hospitalized By Bee Stings
    Mylan CEO Heather Bresch was hospitalized earlier today after being attacked by a swarm of bees.

    Bresch was walking through a park during her lunch hour when the bee attack occurred. A large crowd of people formed to watch as she tried to run from the swarm.

    “She must have gotten stung like 100 times, mostly on her face,” said one shocked onlooker, who asked to remain anonymous. “Her face was puffed up all huge, she kinda looked like a muppet.”

    Bresch, who is apparently allergic to bee stings, immediately suffered a severe anaphylactic reaction. However, none of the bystanders had an EpiPen on hand to inject Bresch with relief.

    “Didn’t she raise the price to 600 bucks? Nobody got money for that,” said one Robert Selvidge, a bystander on the scene. “She kept pointing at her bag for some reason, who knows why? Was there something in there she needed? Maybe she had an Epipen in there. Whatever. If you ask me she got what she deserves.”

    In previous years, Mylan CEO Heather Bresch raised the price of the life saving EpiPen by over 400% to $600. She also gave herself a pay increase of 600%. She is due to be paid $18.9 million in 2016.

    Bresch is currently listed in critical condition in the intensive care unit at Mercy Hospital. Shares of Mylan were up more than 7 percent in trading Friday as news of Bresch’s troubles spread.
    This may be satirical. And very karmic.

    :lol:
    Post edited by Free on
  • Cliffy6745
    Cliffy6745 Posts: 34,030
    mace1229 said:

    mace1229 said:

    There needs to be a balance. Without the potential of making a big profit, I bet we wouldn't have half the drugs we do. But who really needs a $19m salary?
    From my experience health insurance was just as bad. My employer switched health coverage. My wife takes medication which is about 3 grand a prescription without insurance. So no way we can afford it if insurance doesn't approve. The new insurance threw us so many loop holes before they would cover it, she ended up going without it for 3 months.
    Aside from the prescription, they required a doctor authorization (isn't that what a prescription is?). They gave us a number to provide to our doctor to call. We would call our insurance regularly to make sure it went through and all they would say is "it can take 2 weeks to process, so its not in the computer yet."
    After the 2 weeks it changed to "no we don't have anything from your doctor. We gave you the wrong number last time, give him this number."
    Another 2-3 weeks went by and same thing, but this time they said to fax it instead. Same thing, another 2-3 weeks went by before giving us a third and different number.
    A few days later I called in to check on the status when I got the normal "it can take 2-3 weeks to process, so its not in our computer yet."
    I unloaded on them on the phone, explaining how we kept getting the runaround and my wife and gone without her medication for 3 months now as a result, medication needed to control otherwise very debilitating arthritis, and ended the conversation with "if it isn't here tomorrow, you will be hearing from an attorney on my behalf." After than comment I was put on hold for about 30 seconds and she came back and said "it's on the way."
    Ridiculous it had to come down to a threat. Our doctor said unfortunately they get that all the time, they drag their feet so they don't have to pay for expensive medication.
    How do those people sleep too?

    Insurance companies regularly abuse the prior authorization system, but in general, it is a very important step/requirement for consumers

    I don't see the difference between prior authorization and a prescription. Isn't that essentially what a prescription is? How is it an important step, especially if it is regularly abused?
    A prescription does not mean your insurance covers the product, a plan with prior authorization means the doctor needs to submit and verify with insurance that it will be covered prior to the prescription being granted. The goal of it is to ensure that doctors only prescribe drugs that are covered by a patient's insurance to minimizes costs

    The abuse happens in what you saw with the insurance companies dragging the process out.

    That said, it is better for the consumer to only be prescribed drugs that are approved by insurance prior to going to the pharmacist.
  • Cliffy6745
    Cliffy6745 Posts: 34,030
    Free said:

    CEO Who Jacked Up Cost Of EpiPens Hospitalized By Bee Stings

    Mylan CEO Heather Bresch was hospitalized earlier today after being attacked by a swarm of bees.

    Bresch was walking through a park during her lunch hour when the bee attack occurred. A large crowd of people formed to watch as she tried to run from the swarm.

    “She must have gotten stung like 100 times, mostly on her face,” said one shocked onlooker, who asked to remain anonymous. “Her face was puffed up all huge, she kinda looked like a muppet.”

    Bresch, who is apparently allergic to bee stings, immediately suffered a severe anaphylactic reaction. However, none of the bystanders had an EpiPen on hand to inject Bresch with relief.

    “Didn’t she raise the price to 600 bucks? Nobody got money for that,” said one Robert Selvidge, a bystander on the scene. “She kept pointing at her bag for some reason, who knows why? Was there something in there she needed? Maybe she had an Epipen in there. Whatever. If you ask me she got what she deserves.”

    In previous years, Mylan CEO Heather Bresch raised the price of the life saving EpiPen by over 400% to $600. She also gave herself a pay increase of 600%. She is due to be paid $18.9 million in 2016.

    Bresch is currently listed in critical condition in the intensive care unit at Mercy Hospital. Shares of Mylan were up more than 7 percent in trading Friday as news of Bresch’s troubles spread.
    This may be satirical. And very karmic.

    That's good
  • Free
    Free Posts: 3,562
    http://m.huffpost.com/us/entry/us_57bddc84e4b06384eb3de642

    A Call For Mylan CEO Heather Bresch To Reduce EpiPen Price And Resign

    Under CEO Heather Bresch, Mylan has increased the price of life-saving EpiPens by more than 460 percent since 2007, while Bresch’s own salary jumped more than 670%, to $18.9M, during the same period.
  • Degeneratefk
    Degeneratefk Posts: 3,123

    mace1229 said:

    mace1229 said:

    There needs to be a balance. Without the potential of making a big profit, I bet we wouldn't have half the drugs we do. But who really needs a $19m salary?
    From my experience health insurance was just as bad. My employer switched health coverage. My wife takes medication which is about 3 grand a prescription without insurance. So no way we can afford it if insurance doesn't approve. The new insurance threw us so many loop holes before they would cover it, she ended up going without it for 3 months.
    Aside from the prescription, they required a doctor authorization (isn't that what a prescription is?). They gave us a number to provide to our doctor to call. We would call our insurance regularly to make sure it went through and all they would say is "it can take 2 weeks to process, so its not in the computer yet."
    After the 2 weeks it changed to "no we don't have anything from your doctor. We gave you the wrong number last time, give him this number."
    Another 2-3 weeks went by and same thing, but this time they said to fax it instead. Same thing, another 2-3 weeks went by before giving us a third and different number.
    A few days later I called in to check on the status when I got the normal "it can take 2-3 weeks to process, so its not in our computer yet."
    I unloaded on them on the phone, explaining how we kept getting the runaround and my wife and gone without her medication for 3 months now as a result, medication needed to control otherwise very debilitating arthritis, and ended the conversation with "if it isn't here tomorrow, you will be hearing from an attorney on my behalf." After than comment I was put on hold for about 30 seconds and she came back and said "it's on the way."
    Ridiculous it had to come down to a threat. Our doctor said unfortunately they get that all the time, they drag their feet so they don't have to pay for expensive medication.
    How do those people sleep too?

    Insurance companies regularly abuse the prior authorization system, but in general, it is a very important step/requirement for consumers

    I don't see the difference between prior authorization and a prescription. Isn't that essentially what a prescription is? How is it an important step, especially if it is regularly abused?
    A prescription does not mean your insurance covers the product, a plan with prior authorization means the doctor needs to submit and verify with insurance that it will be covered prior to the prescription being granted. The goal of it is to ensure that doctors only prescribe drugs that are covered by a patient's insurance to minimizes costs

    The abuse happens in what you saw with the insurance companies dragging the process out.

    That said, it is better for the consumer to only be prescribed drugs that are approved by insurance prior to going to the pharmacist.
    Then why does pre authorizations need to be done 2 or 3 times a year as the case with my wife's ambient?

    That whole process is a fucking joke.
    will myself to find a home, a home within myself
    we will find a way, we will find our place
  • Cliffy6745
    Cliffy6745 Posts: 34,030

    mace1229 said:

    mace1229 said:

    There needs to be a balance. Without the potential of making a big profit, I bet we wouldn't have half the drugs we do. But who really needs a $19m salary?
    From my experience health insurance was just as bad. My employer switched health coverage. My wife takes medication which is about 3 grand a prescription without insurance. So no way we can afford it if insurance doesn't approve. The new insurance threw us so many loop holes before they would cover it, she ended up going without it for 3 months.
    Aside from the prescription, they required a doctor authorization (isn't that what a prescription is?). They gave us a number to provide to our doctor to call. We would call our insurance regularly to make sure it went through and all they would say is "it can take 2 weeks to process, so its not in the computer yet."
    After the 2 weeks it changed to "no we don't have anything from your doctor. We gave you the wrong number last time, give him this number."
    Another 2-3 weeks went by and same thing, but this time they said to fax it instead. Same thing, another 2-3 weeks went by before giving us a third and different number.
    A few days later I called in to check on the status when I got the normal "it can take 2-3 weeks to process, so its not in our computer yet."
    I unloaded on them on the phone, explaining how we kept getting the runaround and my wife and gone without her medication for 3 months now as a result, medication needed to control otherwise very debilitating arthritis, and ended the conversation with "if it isn't here tomorrow, you will be hearing from an attorney on my behalf." After than comment I was put on hold for about 30 seconds and she came back and said "it's on the way."
    Ridiculous it had to come down to a threat. Our doctor said unfortunately they get that all the time, they drag their feet so they don't have to pay for expensive medication.
    How do those people sleep too?

    Insurance companies regularly abuse the prior authorization system, but in general, it is a very important step/requirement for consumers

    I don't see the difference between prior authorization and a prescription. Isn't that essentially what a prescription is? How is it an important step, especially if it is regularly abused?
    A prescription does not mean your insurance covers the product, a plan with prior authorization means the doctor needs to submit and verify with insurance that it will be covered prior to the prescription being granted. The goal of it is to ensure that doctors only prescribe drugs that are covered by a patient's insurance to minimizes costs

    The abuse happens in what you saw with the insurance companies dragging the process out.

    That said, it is better for the consumer to only be prescribed drugs that are approved by insurance prior to going to the pharmacist.
    Then why does pre authorizations need to be done 2 or 3 times a year as the case with my wife's ambient?

    That whole process is a fucking joke.
    I assume because the insurance company requires it to make it as much of a hassle as possible. That is obviously a problem.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    CEO lobbies government to create law to mandate all schools buy EpiPen.

    Obama signs it into law.

    CEO raises prices once government creates artificial market.

    CEO gives self raise to $19M.

    CEO is daughter to Democrat Senator Joe Manchin.

    CEO donated $100K- $250k to Clinton Foundation.




    Nothing to see here, move along.
  • mace1229
    mace1229 Posts: 9,844

    mace1229 said:

    mace1229 said:

    There needs to be a balance. Without the potential of making a big profit, I bet we wouldn't have half the drugs we do. But who really needs a $19m salary?
    From my experience health insurance was just as bad. My employer switched health coverage. My wife takes medication which is about 3 grand a prescription without insurance. So no way we can afford it if insurance doesn't approve. The new insurance threw us so many loop holes before they would cover it, she ended up going without it for 3 months.
    Aside from the prescription, they required a doctor authorization (isn't that what a prescription is?). They gave us a number to provide to our doctor to call. We would call our insurance regularly to make sure it went through and all they would say is "it can take 2 weeks to process, so its not in the computer yet."
    After the 2 weeks it changed to "no we don't have anything from your doctor. We gave you the wrong number last time, give him this number."
    Another 2-3 weeks went by and same thing, but this time they said to fax it instead. Same thing, another 2-3 weeks went by before giving us a third and different number.
    A few days later I called in to check on the status when I got the normal "it can take 2-3 weeks to process, so its not in our computer yet."
    I unloaded on them on the phone, explaining how we kept getting the runaround and my wife and gone without her medication for 3 months now as a result, medication needed to control otherwise very debilitating arthritis, and ended the conversation with "if it isn't here tomorrow, you will be hearing from an attorney on my behalf." After than comment I was put on hold for about 30 seconds and she came back and said "it's on the way."
    Ridiculous it had to come down to a threat. Our doctor said unfortunately they get that all the time, they drag their feet so they don't have to pay for expensive medication.
    How do those people sleep too?

    Insurance companies regularly abuse the prior authorization system, but in general, it is a very important step/requirement for consumers

    I don't see the difference between prior authorization and a prescription. Isn't that essentially what a prescription is? How is it an important step, especially if it is regularly abused?
    A prescription does not mean your insurance covers the product, a plan with prior authorization means the doctor needs to submit and verify with insurance that it will be covered prior to the prescription being granted. The goal of it is to ensure that doctors only prescribe drugs that are covered by a patient's insurance to minimizes costs

    The abuse happens in what you saw with the insurance companies dragging the process out.

    That said, it is better for the consumer to only be prescribed drugs that are approved by insurance prior to going to the pharmacist.
    That process makes sense and would be helpful. But for that to be the case wouldn't the doctor be the one needing authorization from insurance so he knows what to prescribe, not the other way around?

    But it was our insurance who required it, and they already knew the medication was covered since its their own business that covers it and is listed in my medications covered. They said they would not cover it until they got confirmation from the doctor himself. And when asked, they said it was so the doctor could verify that we needed the medication (and that is what the prescription is for). Seems to me to be 100% designed to delay the delivery of medication, and nothing else.
  • Free
    Free Posts: 3,562
    unsung said:

    CEO lobbies government to create law to mandate all schools buy EpiPen.

    Obama signs it into law.

    CEO raises prices once government creates artificial market.

    CEO gives self raise to $19M.

    CEO is daughter to Democrat Senator Joe Manchin.

    CEO donated $100K- $250k to Clinton Foundation.




    Nothing to see here, move along.

    Except that everyone's watching. And this is just the beginning.
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,664
    People who are in the medical field, be it doctor, nurse, health librarian, pharmacy employee, etc. who do it because the care about others are some of our finest. People who do it simply to get rich off others misery or illness are some of the most evil.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • Free
    Free Posts: 3,562
    edited August 2016
    More on CEO Bresch.

    http://www.cnbc.com/2016/08/24/heres-what-you-need-to-know-about-the-ceo-behind-the-big-epipen-price-hikes.html
    ...Bresch, who started as a data entry clerk at Mylan, was named chief operating officer in 2007. As STAT News noted Wednesday, at the time she was promoted to that position, Mylan pointed out that she had a Master of Business Administration from West Virginia University, which she claimed to have received in 1998.
    In fact, a Pittsburgh Post-Gazette newspaper investigation in 2007 said school records indicated that Bresch had obtained just 26 academic credits out of the 48 credits required for an MBA.
    The paper found that WVU awarded Bresch her degree retroactively in 2007, after initially telling the newspaper that she never received her degree, and after Bresch insisted she had. Manchin was the state's governor at the time. The school, which had received more than $20 million in donations from Mylan's founder, claimed that Bresch had "completed all the requirements" for an MBA, except for paying a $50 graduation fee.
    However, an investigation panel set up at WVU — whose then-president was Bresch's high school classmate and former Mylan lobbyist Mike Garrison — found that "Ms. Bresch did not earn an MBA at West Virginia University."
    "The Panel finds further that the actions undertaken by WVU administrators in October of 2007 to determine whether Ms. Bresch had earned an MBA degree in 1998 and to thereafter modify her transcript were seriously flawed and reflected poor judgment," the panel said in its final report. "The Panel finds the rush to judgment in Ms. Bresch's case was driven primarily and inappropriately by concerns about public relations and by Ms. Bresch's high profile."
    The university's senate overwhelmingly voted to compel Garrison to resign as WVU's president on the heels of the report. In response, he announced his resignation in June 2008, effective that September. A county grand jury later decided not to indict Garrison or anyone else in the MBA scandal.
    That scandal has drawn renewed attention in recent days as controversy swirled over Mylan's EpiPen pricing practices.
    Last year, Bresch told Fortune magazine, "I certainly to this day believe I did everything I needed to do to get my degree."