Saturday 1 October 2016

HACKERS PROVIDE SOLUTION TO OVERPRICED EPIPEN: CREATE IT YOURSELF FOR 30 DOLLARS

In the US alone, about 15 million people suffer from food allergies, and allergic reactions result in about 200,000 emergency visits each year. When an allergic reaction occurs, people can inject themselves with the EpiPen—a life-saving device for people with severe allergies or asthma. But unfortunately, it comes at a hefty price in the US: $600. This wasn’t always the case, however.

Mylan, the company who makes the EpiPen, has raised the device’s price 300 percent in seven yearsfrom 2009 to 2016. But why? Because they can.

Mylan CEO Heather Bresch has repeatedly struggled to back up the company’s increase cost for the EpiPen. She believes the problem has nothing to do with Mylan or the pharmaceutical industry, and everything to do with the US health-care system that requires consumers to pay more insurance premiers as well as out-of-pocket expenses for prescription medications.

People remain furious, nonetheless. “This is greed on steroids,” Ralph Nader, a well-known consumer advocate said. For the full article click here 



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