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CEO of EpiPen Maker Mylan Sees 671% Compensation Increase In 8 Years

AtlantaAdonis said:
Thank you, free-market health care system.
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What are you talking about? Pure nutjob comment. Our healthcare system hasn't remotely resembled a free market in decades and decades and decades.
 
Carjosse said:
Not really, Epipen kind of controls the market. It is an essential medicine, people have no choice. They can still be profitable at a lower price, Canada proves it by regulating the price but Pfizer still makes money. There is a point where it becomes exploitation.
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I'm sure there is a patent on this technology. Do you think it's possible that the state could prosecute Mylan in an antitrust suit?
 
Celebrity said:
I'm sure there is a patent on this technology. Do you think it's possible that the state could prosecute Mylan in an antitrust suit?
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Doubtful. Mylan already settled a suit that would allow a generic to enter the market, so that's in the works. These price hikes are in part a profit-take until the generic is introduced, at which point the price will likely drop through the floor. So anti-trust challenges wouldn't do much unless somehow the government set the company's price for it, which to my knowledge would be unprecedented in the pharmaceutical industry.
 
Thoreau72 said:
I would think that with a big corporation like Mylan, her compensation is determined by the Board Of Directors and any employment contracts relevant?
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right, but those employment contracts are developed based on the supply and demand of her particular skillset at her time of hire. they don't pay her millions of dollars just because they want her to have that money out of the good in their hearts, they pay her that because there is a market price that must be paid to hire her and her expertise, just like there is a market price for your skills and expertise, whatever they may be.
 
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