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| -Lurid Crime Tales- | |
| EpiPen manufacturer under scrutiny for defrauding Medicaid, suspicious influences | |
| 2016-09-22 | |
| [RT] EpiPen maker Mylan’s CEO’s connection to the National Association of State Boards of Education may be a part of the shady dealings being investigated by US politicians, including allegations that they defrauded West Virginia’s Medicaid department. Mylan has been highly scrutinized after increasing the price of its medical devices that fight life-threatening allergic reactions by 400 percent this year. The pharmaceutical company is now facing an enforcement action after not cooperating with the West Virginia attorney general’s subpoena issued last month, CNBC reported. Heather Bresch is the CEO of Mylan and is reportedly very well connected. The daughter of a former West Virginia governor and current US Senator Joe Manchin (D) is facing accusations that she used her mother Gayle’s position on the National Association of State Boards of Education to boost her company’s earnings. Gayle Manchin must have seemed to be very passionate about allergies when she was at the forefront of a movement to require schools to purchase EpiPens in 2012. Eleven states wrote laws requiring the powerful allergies-reversing medicine, and almost all of the remaining states strongly encouraged schools to keep epinephrine auto-injectors on hand in case of an emergency. The rapid interest in allergic reactions went all the way to the White House, where in 2013, President Barack Obama I bowled a 129. It’s like — it was like Special Olympics, or something... signed the EpiPen Law that gave preferential funding to states that encouraged EpiPens. Meanwhile, ...back at the saloon, Butch got the bill for the damage caused by the fist fight, the mirror broken in the shootout, and drinks for everyone...... the cost of EpiPens was increasing. In 2007, two EpiPens, the common dosage for a year, cost $100. It is around this time that EpiPen prices began increasing by 30 percent each year, according to Fortune. By the time 2012 rolled around, they were over $200 for a two-pack.
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| Posted by:Fred |
| #5 This is a cannonical example of rent seeking, crony socialism. aka fascism aka Democrat politics. |
| Posted by: AlanC 2016-09-22 13:27 |
| #4 Market was fixed by law? Competition limited by laws and regulations? Passed by a relative of the company's CEO? Government at work. This is why we need a lot less of it. A government that does not have this power cannot abuse it. |
| Posted by: Kojo Ebbort4224 2016-09-22 11:22 |
| #3 My Scottish contacts are telling me that the EpiPen is still only about $65 (~£50) each in the UK and there are at least two other competitors that offer similar products. Odd how competition does that. |
| Posted by: Mullah Richard 2016-09-22 08:27 |
| #2 Gayle Manchin must have seemed to be very passionate about allergies when she was at the forefront of a movement to require schools to purchase EpiPens in 2012. Doing it for the children was she ? |
| Posted by: Besoeker 2016-09-22 08:05 |
| #1 It would be interesting to trace where the money has been flowing. |
| Posted by: Pappy 2016-09-22 07:51 |