re: Cost Of Life-Saving EpiPen Injectors Soars To $700 A Set

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And only do it in cases of price gouging.

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As determined by who?

Profit is not the driving force behind R&D. Absurd profit is the driving force.

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It's certainly true that FDA approval is sort of like having a goverment-granted monopoly. This could be addressed in much the same way we do with utilities - require that prices also get approval.

Of course, that has its own set of problems, such as regulatory capture. And let's face it, the government is not always very good at determining what is best for the consumer.

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This could work if this regulatory price setting panel was made up of actual professionals and experts in the field. Utility regulation (at least in LA) is made up of elected officials who get huge campaign contributions from the companies they are regulate.

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Another alternative is to simply stop requiring FDA approval. Then prices could adjust far more rapidly. Of course then people would scream that we need government oversight to prevent dangerous products from getting out there.

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There has to be a way to have effective, efficient review of products before they reach the market. Maybe use some sort of peer review process as opposed to heavy handed government control.

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Gouging capitalist scumbags are the true scourge creating our ridiculous income inequality. Price controls are a simple and effective tool.

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Yet, you can't see increased competition as a better solution.

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Don't attack the messenger.

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If the messenger had his or her facts straight, he or she could make a much more compelling claim. When your claims are refuted with minimal effort, whatever shred of truth they had is going to be ignored. Again, the truth is bad enough in this case, so there is no need to exaggerate.

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Sounds like it's time for a different company to come in and sell the epipen at a more reasonable price. That would be capitalism working.

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exactly

post your email again and I'll send you one right now (but I did send one to you, as you recall, I posted a screenshot).

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This is not CLOSE to the truth. Gouging capitalist scumbags are the true scourge creating our ridiculous income inequality. Price controls are a simple and effective tool.

But, I'm not going to argue any more because I clearly am 100% correct on this issue.

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I don't want the PRESIDENT to have that kind of EXECUTIVE POWER to order price controls on medicines. That would be a scary exercise.

I have no issues whatsoever with Congress putting together a comprehensive bill that addresses medical prices in this country, signed by the president, and enacted with meaningful, clear regulation. I would support that type of effort.

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I didn't read the whole thread but has anyone mentioned adereject as an alternative to epi pen?

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No, adrenaject has not been mentioned. There appear to be two additional alternatives as well.

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I don't want the PRESIDENT to have that kind of EXECUTIVE POWER to order price controls on medicines. That would be a scary exercise.

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I have way more trust in President Obama than I would congress.