Andylusion
Platinum Member
That is a valid concern. I freely admit, I'm not an expert on the subject.
View attachment 313462
View attachment 313463
What am I not seeing?
Massive price increases on EpiPens raise alarm
Regulations on "capitalism" is what you are missing.
Now this is ironic...
So I did some digging into this, just for amusement.
Once again, the socialists blow their own foot off, with socialism, and blame capitalism for their own incompetence.
You stupid brainless fools... This is level of absolute stupidity, is exactly why Trump got elected.
There are two specific reasons Epi-Pens went up in cost.
The cost of Epi-Pens was negotiated by Mylan and Insurance companies. As a result, prices were fairly stable.
Then the government got involved with ObamaCare, and deductibles dramatically increased, and as a result the cost of EpiPens were pushed onto consumers in higher prices, because the insurance companies were no longer involved.
So reason number one.... socialism.
And then the bigger of the two reasons, and most important....
A lack of free-market competition. Now that is fascinating isn't it.
Did you know that epinephrine is not even patented? Did you know that epinephrine has been synthesized since about 1906?
So let me ask you.... how is it that there is only one single supplier of epinephrine auto injectors in the entire US market?
Doesn't that make you curious? Are you not even a tad confused how in a free market, where it costs 10 cents to make a dose, and can be sold for $25, that not a single capitalist in the entire country thought.... "Hey I could make this, and sell it for $10, and make a killing!"?
Does your tiny little left-wing brain, not have the slightest curiosity as to why Capitalists always looking for a profit, have not jumped on this?
Well of course not. Of course you are not smart enough to ask questions, because if you were, you would ask, find out, and then stop being a left-winger.
Because the answer is... Government is why no capitalist has jumped into the epinephrine market. Government has prevented a free-market. And the result has been higher prices, and you idiots crying about Capitalism.
The irony is, you point to Europe, and yet Europe in this specific instance, is actually more capitalist, which is exactly way prices are lower. There are dozens of competitors in Europe, and because of competition in the market, the price is lower.
Reverse Voxsplaining: Drugs vs. Chairs
Let me ask Vox a question: when was the last time that America’s chair industry hiked the price of chairs 400% and suddenly nobody in the country could afford to sit down?You people are the reason we have problems with expensive health care. You people. You people on the left, with all your regulations, and government controls, you are the cause of high prices.
If a chair company decided to charge $300 for their chairs, somebody else would set up a woodshop, sell their chairs for $250, and make a killing – and so on until chairs cost normal-chair-prices again. When Mylan decided to sell EpiPens for $300, in any normal system somebody would have made their own EpiPens and sold them for less. It wouldn’t have been hard. Its active ingredient, epinephrine, is off-patent, was being synthesized as early as 1906, and costs about ten cents per EpiPen-load.
Why don’t they? They keep trying, and the FDA keeps refusing to approve them for human use. For example, in 2009, a group called Teva Pharmaceuticals announced a plan to sell their own EpiPens in the US. The makers of the original EpiPen sued them, saying that they had patented the idea epinephrine-injecting devices. Teva successfully fended off the challenge and brought its product to the FDA, which rejected it because of “certain major deficiencies”. As far as I know, nobody has ever publicly said what the problem was – we can only hope they at least told Teva.
You stupid ignorant fools, are the cause of every single problem in our country.
If this was factual the prices wouldn't have plummeted after people demanded something be done.
What do you mean? People demanded something be done. What they did, was allow a competitor into the market. Logically with more competition, prices dropped.
IF they allowed even more competition, like Europe, prices would drop more.
The market is reacting exactly as expected given the level of free-market capitalism the government allowed.
When the government allowed very little... the prices went up.
As the government allowed a little more... the prices went down.
Once you research everything that affected Epipen, the market is behaving exactly as anyone with a thinking mind, would expect it too.
Obviously you were not paying attention. This was Senator Manchin's daughter and living in WV it was front page. It was nothing but pure greed. Manchin wasn't even able to defend it.
That isn't relevant to my point.
In a free-market capitalist system, alternatives to EpiPen would be on the market. Assuming that the information is accurate, that epinephrine has been around since 1906, that is not patented, that it costs 10 cents to synthesize, and if the hospital I posted above, can in fact make EpiPen alternatives for just $25 for a pack....
Then someone somewhere should have been able to offer cheaper alternatives to Mylon, for a fraction of the price, decades ago, and make millions doing so.
There is only one possible explanation for why this was not done. The market is not a free-market capitalist system, because the government regulations, and controlling agencies, has prevented people from entering the market.
In my research, there were a total of 5 different alternatives to the EpiPen operating elsewhere in the world. One from Canada, Sweden, and a few others.
Now that should give you a clue, that the Free-market Capitalist system works, when it is allowed to do so.
Because... the EpiPen was already cheaper in Europe, than in the US, and yet cheaper alternatives popped up in Europe in price competition, when the product is more expensive here. Obviously if the product is more expensive in the US, then there is a greater profit potential for cheaper alternatives here.
Then why was there no cheaper alternatives here in the US for decades?
Again.. the answer is obvious. Left-wing socialist regulations and controls prevented the introduction of alternatives.
Senator Manchin's daughter has nothing to do with that. Government controls and socialist regulations and agencies like the FDA prevented the introduction of alternatives.
Who, between the right-wing and left-wing, generally is in favor of more regulations and controls? And who is in favor of reducing regulations and controls?
Obviously left-wingers are the ones in favor of government control. Then after giving government control, the left-wing wants to complain that people in government use that control in their favor, like Senator Manchin's daughter.
Well, you can whine about Senator Manchin's daughter, but the reality is, those who supported government control in the first place, are the ones to blame for Senator Manchin's daughter being able to engage in whatever they did.
This is just like Hugo Chavez's daughter. So under Chavez, the government was directly involved in food markets. Not only did they enact price controls, but they also themselves started buying and distributing food. Of course after they ruined the market, that resulted in the biggest supplier of food, being the government. Hugo Chavez's daughter, setup a front company outside the country, to keep profits from rice from Argentina, at greatly increased prices, paid for by the Venezuelan people.
Hugo Chávez's Favorite Daughter Implicated In Argentinian Rice Corruption Scandal
Again, how was this able happen? Because in a free-market, where rice was sold at stores at voluntary prices, no one would be forced to pay excessive prices for rice from only one company left in the market.
Well obviously, because the public voted for Hugo Chavez, which destroyed the market, and the result was a monopoly that Hugo Chavez's daughter could exploit.
Ayn Rand has a great video on Youtube, about the two kinds of Capitalism. And specifically talks about this exact situation with EpiPen, and the Rice in Venezuela, all the way back in 50s or whenever this talk happened.
So once again, you can scream and yell about the companies, but ultimately it's the left-wingers and socialists that are to blame for everything.
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