Post by livelonger on Aug 29, 2016 10:15:10 GMT -5
Free Market principles include the right to charge whatever the market can bear. The recent outrage is about how a pen that costs $10 to make, -- a needle, a pump, and a container -- can be priced up to $600 in a short time, making it unaffordable for many to save their lives.
This can happen because the negligent homicide party - you know - the one that wants to get rid of universal health care to let the medical and insurance companies charge what the market can bear, won't protect the public from ripoffs, so they can rip off more.
The Epipen outrage comes just when the important patents on a needle and pump are ending, so they become generic. The company charged six times they did some years ago, then are proposing that once the public sees $600 as too much, they can then charge $300 for the generic version, before other companies can copy and make the same simple device to sell for $50 or less. The only patents left about the device are bags to carry it in. If you can't overcharge any longer under government protection, then charge enough to make 6 years of profits in one year while you can. That's called what the market can bear.
The ounces of stuff in the pen, adrenaline, otherwise called epinephrine, can't be patented, as your body makes it.
seekingalpha.com/article/2740165-generic-epipen-could-give-these-2-stocks-a-jolt-of-adrenaline
www.google.com/patents/US20040211806
This can happen because the negligent homicide party - you know - the one that wants to get rid of universal health care to let the medical and insurance companies charge what the market can bear, won't protect the public from ripoffs, so they can rip off more.
The Epipen outrage comes just when the important patents on a needle and pump are ending, so they become generic. The company charged six times they did some years ago, then are proposing that once the public sees $600 as too much, they can then charge $300 for the generic version, before other companies can copy and make the same simple device to sell for $50 or less. The only patents left about the device are bags to carry it in. If you can't overcharge any longer under government protection, then charge enough to make 6 years of profits in one year while you can. That's called what the market can bear.
The ounces of stuff in the pen, adrenaline, otherwise called epinephrine, can't be patented, as your body makes it.
seekingalpha.com/article/2740165-generic-epipen-could-give-these-2-stocks-a-jolt-of-adrenaline
www.google.com/patents/US20040211806
