EpiPen Cracks Under Political Pressure, They Are Forced To Lower Their Cost!
EpiPen has just announced that the price of their life-saving injector will be reduced drastically for some consumers after Democratic presidential nominee Hillary Clinton and lawmakers from both parties said people with severe allergies were being drained by exponential price hikes with no valid explanation as to why the prices were jacked up.
Mylan EpiPen CEO said patients in plans with high out-of-pocket costs will be getting a $300 savings card.
Assistance program will be in place in order to help families with lower income to be able to afford an EpiPen Auto-Injector.
“We have been a long-term, committed partner to the allergy community and are taking immediate action to help ensure that everyone who needs an EpiPen Auto-Injector gets one. We recognize the significant burden on patients from continued, rising insurance premiums and being forced increasingly to pay the full list price for medicines at the pharmacy counter,” said Mylan CEO Heather Bresch, who is also the daughter of Sen. Joe Manchin, West Virginia Democrat.
Epi-Pens are used to treat patients with severe allergies and usually are administered to counter anaphylactic shock.
While at its peak, each EpiPen treatment cost $600! During this time, the CEO’s salary had an increase by $16 million over an 8-year-period.