Mylan overcharged Medicaid for EpiPen for years, despite warnings

Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by pikzen on Friday October 07, 2016 @05:28AM (#12659259)

That is the ideal world of some people, the invisible hand of the market regulating it blah blah. However there's never been a single instance where this has actually happened, markets have to be regulated by an outside power (namely, governments).

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Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by martijn_himself on Friday October 07, 2016 @05:38AM (#12659300)

EDIT 1: Apologies @pikzen. Edited to agree with you :). I should read more carefully on a Friday morning. EDIT 2: And you :).

I agree, there are plenty of examples where regulation works. The National Health Service in the UK is a shining example of this (it has its own issues but what can you expect when you are running one of the largest organisations in the world?). There are succesful regulations that reward companies (such as with subsidies and other indirect incentives) to choose the 'morally correct' option (this is done for example in the EU to limit environmental impact of industry).

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Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by pikzen on Friday October 07, 2016 @05:47AM (#12659340)

Edit: @martijn_himself, in all fairness, my limited-sleep-friday-morning messages may be a bit unclear too. Cheers and have a good day.

I believe we're saying the same thing. Regulations are needed, and we cannot expect companies or the market to do it themselves.

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Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by icebraining on Friday October 07, 2016 @07:08AM (#12659686)

Regulations? The government itself was buying the stuff! Why are regulations needed for the government to not pay more than it should?

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Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by rm_-rf_slash on Friday October 07, 2016 @10:11AM (#12660758)

Because Congress deliberately passed bills that prevented the government from bargaining with pharmaceutical companies, because those same companies pay into re-election campaigns.

If anything needs regulation, it's campaign finance.

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Re:Mylan overcharged Medicaid for EpiPen for years, despite ... by icebraining on Friday October 07, 2016 @10:16AM (#12660800)

We're in agreement, then. This is a problem in the governmental apparatus itself, not a lack of market regulations.

No disagreement on the need to regulate campaign finance, either.

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