EpiPen Outrageous Price Hike

EpiPens are used by people having an allergic reaction known as anaphylaxis, which can be fatal. People with allergies — or parents of children with allergies — are encouraged to have multiple sets of EpiPens for home, school and elsewhere. While insurance often covers some of the cost, many people have to pay out of pocket for the devices, sometimes up to the full price.

In 2007, the price was $57.  In 2016, the price is $700+ for 2 pens.  EpiPens cost less then $2.00 to make.

Mylan has spent a reported $875,000 on lobbying so far this year, after having spent $1.55 million in 2015, according to OpenSecrets.org, Plus gave large amounts to the campaigns of senators and congressmen.

Mylan's CEO is Heather Bresch.  She is the daughter of Senator Joe Manchin, D. W.VA.  Her salary in 2015 was $18,931,068.

On Wednesday, Wells Fargo, in a research note, said that disclosure documents show that Mylan has been "actively lobbying" in favor of a bill in the Senate that would mandate that all airlines, domestic and foreign, carry at least two packs of epinephrine auto-injectors. EpiPens are, by a large degree, the most commonly used devices of that nature in the United States.
Read a lot more at https://www.yahoo.com/finance/news/heres-know-ceo-behind-big-201400242.html

https://www.yahoo.com/finance/video/epipen-price-hike-creates-scare-225224798.html

http://insider.foxnews.com/2016/08/24/heather-bresch-ceo-mylan-got-671-pay-raise-while-hiking-price-epi-pens