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EpiPen Price Rise[W:398]

jonny5 said:
They should be free from investigation. What is there to investigate in a voluntary market transaction price?
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Good thing others disagree with you.
 
By way of comparison: When Volvo invented the three-point seatbelt in '59, they understood the improvement it would make to passenger safety and made the patent open, so that other car companies could take it up for free and improve safety for all car passengers. Volvo lost out on a lot of money by doing that, but did it for the greater good.

Can anyone imagine a firm, particularly an American firm, doing that in this neoliberal age?
 
I thought this was interesting:

Hacker group creates $30 DIY Epipen to expose corporate greed and save lives – Anonymous

In response to the corporate insanity surrounding Epipen (company Mylan purchased the rights to Epipen in 2007 and raised the prices from $57 to $318), medical hacking collective, Four Thieves Vinegar, has established a DIY version of the life-saving injector for $30.
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IMO the general public should do everything they can to undermine Mylan's profit margin.
 
Insanity for sure. I thought this was a pretty clear indicator that free markets don't operate well without good rules. although given that its a medical product, I bet there are cries that its FDA and such that causes the price increase. While that surely increases the cost, it didn't increase the cost in this way... Basically they are milking the healthcare system. If all customers had to pay $600 out of pocket this would have been caught much sooner. Why did insurance companies, who have forcefully (through laws) taken the mantle of being our health care go-between, let this persist? Because the system is broken. Health care should not be treated like its own special thing IMO, its where all the issues creep in. It should be regulated more, as far as science and risk goes. ****ers made their money, doesn't matter if the entire business collapses now, they made their bank already...totally worth it for them unless a claw back occurred.
 
jonny5 said:
Im saying you support people undermining Mylan legally, right. Youre not advocating theft or anything.
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The method I posted was legal? I don't understand the question.
 
jonny5 said:
But so what? A company is a company. She helped them make a lot of profit, and got rewarded. Thats how it works.
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You're making a terrific argument for socialism, and probably don't even know it.
 
jonny5 said:
Nope, perhaps you should elaborate.
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Just as I thought. You didn't know it. Your post:

But so what? A company is a company. She helped them make a lot of profit, and got rewarded. Thats how it works.
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She helped them profiteer by cornering the market and then raising the price of a necessary commodity. That's what the socialists say is wrong with capitalism, greed and profiteering.
 
Dittohead not! said:
Just as I thought. You didn't know it. Your post:



She helped them profiteer by cornering the market and then raising the price of a necessary commodity. That's what the socialists say is wrong with capitalism, greed and profiteering.
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Except theyre wrong. What she did was good, for herself, her company, and capitalism. If anything, it proves the capitalist point about getting govt out of it.
 
jonny5 said:
Except theyre wrong. What she did was good, for herself, her company, and capitalism. If anything, it proves the capitalist point about getting govt out of it.
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It was good for herself. For her company, not so much. PR still counts. For capitalism, it gives socialists a talking point they would't have otherwise. For the country as a whole, it adds even more to the already outrageous cost of health care.

Congrats. You've helped socialism along just a little bit.
 
Dittohead not! said:
It was good for herself. For her company, not so much. PR still counts. For capitalism, it gives socialists a talking point they would't have otherwise. For the country as a whole, it adds even more to the already outrageous cost of health care.

Congrats. You've helped socialism along just a little bit.
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Ah, so instead we should help it along by embracing it.
 
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