r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
54.9k Upvotes

View all comments

13.9k

u/Gingorthedestroyer Jan 14 '22 Silver Gold Helpful Take My Energy Starry

Let’s do insulin producers now.

4.1k

u/Colorado1996 Jan 14 '22

Made millions from hiking prices from $13.50 to $750

Damn, saw that line and thought they were talking about insulin. Price gouging has happened on multiple life saving drugs? People are the worst

1.9k

u/[deleted] Jan 14 '22

Insulin should have a co-pay of about $2. Or less.

2.0k

u/Colorado1996 Jan 14 '22

I think there’s a strong case that insulin should be free. But ya I’ll take $2 or less

1.2k

u/Reutermo Jan 14 '22

It is free by law here in Sweden. Have been since the 60s.

1.1k

u/SnooPineapples494 Jan 14 '22 Helpful

1.0k

u/biggestbroever Jan 14 '22

If this is communist california, sign me up

376

u/cool---coolcoolcool Jan 15 '22

We can also buy alcohol of all types from almost every store on any day. Fuck you utah, zion you’re cool

93

u/fawks_harper78 Jan 15 '22

Canyonlands and Moab is pretty dope. Navajo country, Bears Ears. There is a lot to love in Utah. There just happens to have backwards assholes in lots of places. Like most places.

54

u/kkeut Jan 15 '22

so, the good parts of Utah are the parts that are essentially uninhabited and under federal or indigenous control. this definitely jibes with what my ex-mormom friends say and what I observed during my visits

→ More replies

13

u/SeriouslyUnknown Jan 15 '22

Can confirm, just moved from Utah to California

5

u/johnhills711 Jan 15 '22

assholes? Like mormons?

→ More replies
→ More replies

36

u/--0IIIIIII0-- Jan 15 '22

And Texas. Totally loves that freedom, but can't buy liquor on Sundays. Lol. Packaged liquors anyway.

→ More replies

3

u/Egechem Jan 15 '22

Damn communist Safeway selling alcohols on a Sunday.

7

u/Raveynfyre Jan 15 '22

Just wish CoL wasn't so high out there. It's most comparable to my state weather wise, but isn't governed by an idiot Trumpanzee. I've lovingly nicknamed him Gov. DeathSentence due to his (mis)handling of this virus response, and it applies once again due to complete and total lack of testing sites funded by the state, etc.

→ More replies

272

u/Saith_Cassus Jan 15 '22

No, it’s far worse…. socialism!!!

I heard from Tucker that this can only mean the death of America if we don’t charge people a fee for being born with a genetic condition that can’t be cured and can only be treated daily.

133

u/ViniVidiOkchi Jan 15 '22

Remember when gay marriage was going to destroy the fabric of American society. And now nobody gives a shit.

14

u/Bigleftbowski Jan 15 '22

They need to find the next thing that will destroy America, otherwise, how else will they keep their audience in a constant state of paranoid frenzy?

→ More replies

7

u/myrddyna Jan 15 '22

There's people that give a shit, blame all their woes on it, and are actively trying to bring cases before our conservative SCOTUS to have that ruling reversed.

87

u/GETitOFFmeNOW Jan 15 '22

Oh, of course. "Destroying the fabric of American society" actually means "pisses me off that these people are allowed to exist."

→ More replies

4

u/Foux-Du-Fafa Jan 15 '22

And now nobody gives shit.

laughs in alabama

→ More replies
→ More replies

113

u/gbuub Jan 14 '22

In communist California, diabetes have you

→ More replies

105

u/milk4all Jan 15 '22

If ever there was a state financially and socially ready to leave the union, it’s us. If it could be done without closing borders or too big a disruption to transport and trade, i wonder what that would look like with a few decades of preparation.

111

u/Splice1138 Jan 15 '22

With our ~54 electoral votes gone, the US would never elect another left president. It'd be Jesusland for real

51

u/fersure4 Jan 15 '22

If CA ever tried to leave the country many other states would follow suit.

I honestly wouldn't hate America splintering into several different countries.

→ More replies
→ More replies

49

u/Hotshot2k4 Jan 15 '22

The last time some states were serious about leaving the union, it didn't end well though.

25

u/erc80 Jan 15 '22

Yeah even in the capacity that they’re talking about it; it would still be a territory (which would still be wild). “Union let’s it’s best earner go independent”; is a headline that’s never going to happen.

5

u/Haughty_n_Disdainful Jan 15 '22

Frankly, my dear…

→ More replies

6

u/jwmosher Jan 15 '22

I was under the impression that a good amount of infrastructure was based off power generation and water from the Colorado river?

→ More replies

5

u/allharveybman Jan 15 '22

Can Massachusetts come to?

→ More replies
→ More replies

7

u/aquoad Jan 15 '22

But what about the big effort going on to make people think california is terrifying and crime ridden!

→ More replies

27

u/MBThree Jan 14 '22

Your link is from 2020, is there any recent developments on this? Really hoping this plan moves forward

48

u/[deleted] Jan 15 '22

[deleted]

7

u/GETitOFFmeNOW Jan 15 '22

The sheer relief of human suffering and anxiety is going to make the entire country 17.6% lighter. Bless Newsome's handsome little head.

→ More replies

23

u/DavidG993 Jan 14 '22

God damn it I love living in this state

21

u/BeachSandMan Jan 15 '22

Me too. In my experience, the people who hate on California always seem to be dialing in from some Midwest or Southern shithole

23

u/DavidG993 Jan 15 '22

Oh, you mean those states that are being propped up by the tax money from CA?

Yeah, those states are shitty and full of dead company towns

→ More replies

4

u/GETitOFFmeNOW Jan 15 '22

I live in the Midwest and the only thing I hate about California is how I can't afford to buy a house there.

6

u/Hendrixsrv3527 Jan 15 '22

You can like California and acknowledge there’s some major issues going on with the state

→ More replies
→ More replies

3

u/noptamoius Jan 15 '22

That’s amazing. Hope it works out and California can export to other states too.

→ More replies

20

u/HoseNeighbor Jan 14 '22

I don't think Sweden has as many idiots so easily convinced that universally accessible healthcare impinges on their personal rights. I mean, if someone really would rather accept insanely inflated costs, I'm sure someone will start boutique healthcare for them. I'd like to point out that they're currently giving a big thumbs up to making money from people who have NO choice but pay or DIE, while knowing those making the money certainly do NOT need it.

→ More replies

96

u/IronicBread Jan 14 '22

But muh communism

128

u/[deleted] Jan 14 '22

[deleted]

86

u/TailRudder Jan 14 '22

Let them, then invade them, turn them back into a territory, and don't let them have senators.

20

u/Chillbruh469 Jan 15 '22

You might have a harder time fighting cartels off in Texas then actual Texans. The cartels basically own the bottom half of Texas. It Texas ever leaves they are going to have a bloody cartel fight to keep their land.

→ More replies

34

u/xpdx Jan 15 '22

Give their place to Puerto Rico, Texas can get back in once PR votes to let them back in.

4

u/TucuReborn Jan 15 '22

In all seriousness though, our territories should be converted into states.

→ More replies
→ More replies

40

u/HHH-mods-are-snakes Jan 15 '22

Argued with a dude in /r/conservative and he hit me with "So you blue states would have no problem if we decided we want to secede then right?". These people are delusional and have no idea how the world works.

17

u/tiefling_sorceress Jan 15 '22

Oh no whatever shall we do.

22

u/Ragnarok314159 Jan 15 '22 edited Jan 15 '22

Pay less In federal taxes from having to support all the red state leeches? That would be nice.

Republicans/Conservative people have the same mindset as housecats - they walk around pretending to be tough, when in reality are fat, stupid, and have no understanding of the science and the system that supports their lifestyle.

→ More replies
→ More replies

10

u/Leviathan3333 Jan 15 '22

Problem is, anything like laws and lines are person made and subject to social construction. So when enough delusional people believe it’s possible to do something…well you get people storming Capitol Hill.

→ More replies
→ More replies

4

u/aquoad Jan 15 '22

oh man, go for it guys!

→ More replies

41

u/Captain_Smartass_ Jan 14 '22

Sweden = North Korea

13

u/northwesthonkey Jan 14 '22

North Korea=Finland

4

u/Michchaal Jan 14 '22

I mean both Koreans and Finns are pretty much Mongols, right?

→ More replies
→ More replies

25

u/cire1184 Jan 14 '22

This is America

35

u/Interesting_Market Jan 14 '22

Don't catch an illness here

18

u/onetwenty_db Jan 14 '22

It is the bill you fear

→ More replies

8

u/NotFlameRetardant Jan 15 '22

It is my freedom to spend twice as much on healthcare as the next closest country while receiving none of the benefits!

→ More replies

8

u/V0dkafa11 Jan 14 '22

Det är bra men vissa amerikaner tycker att Sverige är ett demokratiskt socialistiskt land. Det är det inte.

8

u/[deleted] Jan 14 '22

Det är bra men vissa amerikaner tycker att Sverige är ett demokratiskt socialistiskt land. Det är det inte.

"That's a good thing, but some Americans think Sweden is a democratic socialist country. It's not."

11

u/[deleted] Jan 14 '22

Who gave me a thumbs-down just for TRANSLATING???

→ More replies
→ More replies

3

u/chefjenga Jan 14 '22

Silly Swedes. Thats not "free"! Any warm blooded 'murcan knows you've got to pay a price for freedome!!!

(and in this case, the price is thousands of dollars a year not to die)

/s

→ More replies

95

u/meco03211 Jan 14 '22

Won't someone think of the poor stakeholders? Should they suffer because people choose to become diabetic? Have they tried not being diabetic?

96

u/jetsetninjacat Jan 14 '22

Ive been trying 25 years. You know 120 years ago when diabetics were real diabetics, they just slipped into comas and died like real men and women. Not like us sissies today.

31

u/Basgerin Jan 14 '22

Yeah you should just die like a real man.

People have become so soyified.

→ More replies

9

u/monstrinhotron Jan 15 '22

They weren't real men! Most of them died as toddlers before they could grow up.

T1 diabetic for 4 years. Very grateful for the insulin.

3

u/jetsetninjacat Jan 15 '22

I learned something fascinating the other day when reading about J. R. R. Tolkien. His mother had Type 1. Now before insulin was finally purified and useable for humans they did come up with a kind of treatment. This treatment was after they tried the eat sugar one(yes they really did that). Anyways they learned a near starvation dier with exercise could help a diabetic live long enough. Tolkiens mom lived until 34 when she finally died from DKA. Before insulin, 34 was essentially the top age a diabetic could reach with the starvation and exercise plan.

→ More replies
→ More replies

10

u/RWGlix Jan 14 '22

Novak said of you have a really positive attitude about it you will be okay

→ More replies

3

u/Greenfire32 Jan 14 '22

It costs between $2-$4 to produce a single vial of insulin. The fact that drug companies are selling it for $100+ isn't just criminal, it's inhumane.

3

u/Oreganoian Jan 15 '22

It's amazing to me that dialysis is completely free in the United States but insulin isn't.

→ More replies

55

u/cedarapple Jan 14 '22

We all pay higher insurance premiums due to price gouging on basic medicines that are covered by insurance.

18

u/PanJaszczurka Jan 14 '22

That pill cost 0,04-0,50 USD worldwide.

→ More replies

60

u/_KingKaliYuga Jan 14 '22

Insulin should be free, like any other life-saving drug. What the fuck else are taxes for.

48

u/ripvannwinkler Jan 14 '22

Bailing out bad investments and playing world domination station, of course.

→ More replies

11

u/slurricanemoonrocks Jan 14 '22

poor people, duh.

5

u/toth42 Jan 15 '22

Lol no then we'd save the lives of the poor too, no one wants that(incredibly, a lot of poor people seriously agree with my sarcastic stance)

→ More replies
→ More replies

119

u/TittyMcNippleFondler Jan 14 '22

But how would they make money after all the expenses related to research and development that were funded by grants that were funded by our tax dollars?

223

u/Gingorthedestroyer Jan 14 '22

When inventor Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. He felt it was unethical for a doctor to profit from a discovery that would save lives. Banting’s co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for a mere $1. They wanted everyone who needed their medication to be able to afford it.

106

u/Lisa-LongBeach Jan 14 '22

Same for Jonas Salk… I believe his response to why not patent his cure for polio was “Would you patent the sun?” A different world and morals today sadly.

41

u/_greyknight_ Jan 14 '22

Would you patent the sun?

Uh, duh!

- Fortune 500 CEO

→ More replies

18

u/horseydeucey Jan 15 '22

Nestle, would you patent... water?!

49

u/Jonne Jan 14 '22

Yeah, ask a capitalist if they would patent the sun and they'd be on the first rocket to the interplanetary patent office.

3

u/Raptor169 Jan 14 '22

Speaking from memory so correct me if I'm wrong but I remember Salk did try to patent but was rejected because polio vaccine was considered part of nature.

Still doesn't take away from your point though.

5

u/Lisa-LongBeach Jan 15 '22

I’m pretty sure those were his words, but not 100% sure. Back then unrestrained greed wasn’t as acceptable or worshipped as it is today

3

u/Raveynfyre Jan 15 '22

A different world and morals today sadly.

I really wish some things had never changed.

55

u/Discreet_Deviancy Jan 14 '22

THIS! It was never intended to be a for-profit product.

→ More replies

16

u/GreenStrong Jan 14 '22

That insulin is still very cheap; modern versions last longer and enables better regulation of blood sugar. They still shouldn’t cost as much as they do. The researchers who invented them should be rich, but it should not be such a racket for the corporations that produce it.

5

u/IcarusOnReddit Jan 15 '22 edited Jan 15 '22

Researchers don't make the big money, the bloodsucking CEOs do.

→ More replies

3

u/SirReal14 Jan 15 '22

And that type of insulin is $20 at Walmart. Modern, significantly safer insulin that has been recently invented is what is expensive.

4

u/markh110 Jan 15 '22

You say that like it's a reasonable thing; you can get about a year's supply of modern insulin in Australia for ~$55USD. Americans are being exploited, and I'm so angry on your behalf.

→ More replies

5

u/Red_AtNight Jan 15 '22

It's worth pointing out that Banting's method was to extract insulin from a dog's pancreas. It worked, but it wasn't very efficient. For about 50 years, all commercial insulin came from cows and pigs from slaughterhouses... similar issues to dog pancreas, and because it came from non-human animals, it had a risk of causing allergic reactions. That was the state of things until 1978 when synthetic insulin was first invented.

Basically all of the insulin that humans use nowadays is produced synthetically, through processes that are patented, and are not the process that Banting and Best developed in 1923. They work a hell of a lot better, but that's why insulin is still expensive despite Banting and Best selling their patent.

→ More replies

49

u/StinzorgaKingOfBees Jan 14 '22

Anything related to healthcare and medicine shouldn't be for profit. Then you are literally putting price tags on lives.

→ More replies
→ More replies

13

u/enleeten Jan 14 '22

Fuck that. I'm not a diabetic but it should just be covered.

→ More replies

26

u/SlamMeatFist Jan 14 '22

How bout no co-pay and make it free without insurance? Insurance is awful and its crazy we exist in a world where insurance is needed for anything medical otherwise you pay our the ass for it.

13

u/[deleted] Jan 14 '22

Lots of European countries work that way. I don't know why the US can't.

→ More replies
→ More replies

3

u/Finsceal Jan 14 '22

Paying for insulin is a uniquely American problem

→ More replies

281

u/Vlad_the_Homeowner Jan 14 '22

Price gouging has happened on multiple life saving drugs?

Yes, this has happened all across the medical field. For Epi pens, BMS's cancer treatment, Questcor's pediatric epilepsy treatment, Valeant's heart medication...

Shkreli just became the poster boy for it because of this face. It is physically impossible to not hate that face, ask his mom.

73

u/[deleted] Jan 14 '22

[removed] — view removed comment

15

u/rackotlogue Jan 14 '22

Worst boxer in history

→ More replies

2

u/Mental_Medium3988 Jan 14 '22

if punchablefaces was still a thing he would be top post ever. with second being the joker from suicide squad.

→ More replies

119

u/Perkinz Jan 14 '22

Shkreli became the poster boy for it because he directly targeted the medical-industrial-complex by calling their bluff in a way that they couldn't just pass on to their customers.

He beat the healthcare consortiums at their own game so they got their buddies in the mainstream media to trick the masses into thinking he was specifically screwing over the little guy and not the big guy.

56

u/FireBeyond Jan 14 '22

Bullshit. He has, on multiple occasions, lobbied the FDA to not approve drugs - not for any medical reason, or safety, or patents, or cost.

Merely because they competed with his more profitable drug.

And then he said that "consumers weren't paying his inflated prices, so had no cause to complain"... as if the amount they billed insurers was paid for by some magical fairy, not the consumers premiums (or their employer).

Don't be thinking he is any kind of hero, no matter how shitty the healthcare model is in this country.

19

u/Burningshroom Jan 15 '22

I don't think that he was implying that he's a good person.

I think this guy was saying Shkreli went to prison because he gamed the industry in a way that would hurt the other companies' profits not just consumers.

Mess with rich people's money and they'll hold you accountable.

3

u/Vlad_the_Homeowner Jan 15 '22

No, he was referring to Shkreli raising the price of drugs, one of them over 50x. Reddit has convinced itself that this is an example of 'sticking it to the man'.

But that has nothing to do with why he went to prison.

→ More replies

5

u/mrdilldozer Jan 15 '22

It's so crazy that people will defend this guy just because he posted to Reddit once or twice. Redditors will overlook how awful of a person he was just because he patted them on the heads lol

→ More replies

46

u/[deleted] Jan 14 '22

[deleted]

7

u/mrdilldozer Jan 15 '22

Yes, but he did live streams and posted le dank memes. He can't be a bad guy /s

→ More replies

74

u/Vlad_the_Homeowner Jan 14 '22

By buying out old compound and marking up the cost 10-fold despite not having any increases to the cost of manufacture. He didn't add any value to the product or customer, he just wants his slice of the pie over the transaction and dump it on the medical industry. He's nothing but a... hedge fund manager. Oh wait.

Same guy who shorted developing biotech companies and then blasted lies about them through his gossip websites. How is that not screwing over the little guy?

57

u/XDDDSOFUNNEH Jan 14 '22

From what I've heard it was:

People without insurance got it for free.

People with insurance didn't actually have to pay more, it was their insurance that got fucked.

Shkreli fucked over the useless middle man that usually just sits back and reaps easy profit, hence he went to prison. And of course, now our government is saying he's a monster, huge piece of shit, the usual.

31

u/TheOneWithThePorn12 Jan 14 '22

Of course. If you try to fuck over big business you get fucked

→ More replies

6

u/noiamholmstar Jan 15 '22

Do you really think the insurance companies just eat that cost and say “Damn, I guess he got us”. Hell no, insurance premiums go up to everyone who has insurance. The big guys didn’t get fucked at all and all the millions of little guys all got fucked a little bit. But sure, go ahead and continue thinking he was some kind of hero.

→ More replies
→ More replies
→ More replies

31

u/trolarch Jan 14 '22

Controversial opinion. I actually don’t hate him. He did something every other manufacturer is doing and said as much. He only was punished while they weren’t because he didn’t keep his mouth shut. His morals are detestable but at least he stood by what he did instead of hiding like the rest of them.

30

u/Vlad_the_Homeowner Jan 14 '22

He did something every other manufacturer is doing and said as much.

Not every other, but I take your point. Yes, plenty of people pulling this BS.

But this is the same guy who shorted developing biotech companies and used smear campaigns on social media to try to ruin them. Small companies of mostly scientist working on developing a promising new technology for the good of mankind. He had no vested interest in them, no interest in the technology. Just trying to get a cut by betting against them, then using lies and mistruth to try to guarantee his win.

I can hate him.

→ More replies

16

u/Hayder2021 Jan 14 '22

They made him the poster boy villain and kept doing business as usual

→ More replies
→ More replies

60

u/lizardtruth_jpeg Jan 14 '22

Price gouging happens with nearly every drug in America. We are the only country in the world that does not allow a regulatory body to negotiate drug prices with drug companies. They can charge literally anything they want and our government is set up to facilitate that.

20

u/xenomorph856 Jan 15 '22

If only that was all of it. Not only do we pay the tag price, but we give them our tax monies to fund early research.

We're paying them twice to fuck us over.

→ More replies

75

u/ktkoolaid Jan 14 '22

https://www.pharmaskeletons.com/2018/04/big-pharma-skeletons-in-closet-by.html?m=1

Funny thing is this was written by Martin Shkreli to expose the rest of the industry when he was scapegoated. Certainly what he did was wrong but literally it plagues the whole indistry

22

u/NinjaLanternShark Jan 14 '22

Certainly what he did was wrong but literally it plagues the whole indistry

The very worst thing that could happen would be for people to somehow think that now that Shkreli has been punished, everything is good. There's so much more to be done.

13

u/meepmeep13 Jan 14 '22

How is it exposing them, if it's mostly links to lawsuits and fines? Isn't that evidence that they haven't been getting away with it?

9

u/SupaSlide Jan 15 '22

When the lawsuits/fines are so low that it's more profitable to just keep breaking the law, they're getting away with it.

4

u/meepmeep13 Jan 15 '22

They include some of the largest fines and settlements in legal history https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical_settlements

4

u/SupaSlide Jan 15 '22

Even the worst of those given to GlaxoSmithKline was only one quarter's worth of net income/cash flow, so my point still stands.

→ More replies
→ More replies

21

u/AceValentine Jan 14 '22

Didn't he also give it away for free for those without insurance? Is this the insurance companies making an example?

5

u/Siniroth Jan 14 '22

The problem with that bit is that I don't think anybody knew when it was relevant

→ More replies

3

u/Five_Decades Jan 14 '22

if it were legal to import drugs from other developed nations with safety infrastructure it wouldn't matter.

If someone hikes the price of daraprim to $750 a pill in the US, just buy it for $0.25 a pill from Switzerland or Australia.

3

u/habb Jan 14 '22

dude this is why the push for medicare for all from bernie sanders. like his entire platform

3

u/tossitoutc Jan 14 '22

Oh man wait until you find out about Valeant. This dude bought and hiked one drug, but Valeant made an entire business of buying pharmaceutical companies, closing down their R&D, and hiking their drug prices. For some reason Shkreli was the media magnet but this was being done on a much bigger level at around the same time.

11

u/[deleted] Jan 14 '22

Insulin should be free there hasn’t been new technology in years. If it makes you feel any better Sanofi tried to force doctors to write a more expensive patent replacement when lantus went generic and it pretty much tanked the entire company

→ More replies

3

u/MavenACTG Jan 14 '22

iT wAs ThE mArKeT pRiCe. BlAmE tHe InViSiBlE hAnD.

→ More replies

2

u/ElongatedTime Jan 14 '22

Best part is they could’ve hiked it to like “only” $100 and gotten even richer because then they wouldn’t have been “caught”. But greed took over and they couldn’t stop.

2

u/GrayGhost18 Jan 14 '22

As much as people like to push that people who advocate for universal healthcare are nothing more than filthy communist takers, private industry has long since decided it would rather put profits over people. And with something as inelastic as medicine, and if you only care about profits you can make it as ludicrously expensive.

2

u/PanJaszczurka Jan 14 '22

This is old drug and we have something better for malaria and toxoplasmosis than it. But like 10-20y ago they find that can help in cancer treatment. Also world wide it cost 0,04-0,50 USD per pill

2

u/ProverbialShoehorn Jan 14 '22

That's unregulated capitalism BABY

Sorry that was meant to sound musical not insulting

2

u/RedditorCSS Jan 14 '22

Pretty sure I remember when this gouging started long ago. If I recall correctly it was an HIV/AIDS medicine.

2

u/Theundead565 Jan 14 '22

IIRC isn't it something stupid like the drug isn't what costs the money but they gouge the shit out of the injection system? Or is that the epi-pen I'm thinking of.

Either way it's not right.

2

u/delimeat52 Jan 14 '22

One of my preventative maintenance inhalers (I take two) for my asthma, if purchased without insurance, would run just shy of $600 for a 30 day supply. When I first started taking it in 2019 it was about $420.

When I go to the pharmacy to pick up my asthma meds once per quarter I pick up three of each inhaler and some allergy meds too. Considering retail cost of the drugs, I carry more value in meds back to my truck than what I paid for it. Cheap truck at $3200, but still...

→ More replies

952

u/omgburritos Jan 14 '22 edited Jan 14 '22

Joe Manchin's daughter

Edit: EpiPen, not insulin. But still...

149

u/Reddituser45005 Jan 14 '22

And she got a $30 millions golden parachute to exit the company after the EpiPen scandal. It has since, rebranded under a new corporate name and shuttered it’s primary manufacturing ( and only unionized ) plant in North America

96

u/polyrhetor Jan 14 '22

She was also the central player in the WVU executive MBA scandal, in which she claimed to have it, didn’t complete it, and when called on it the WVU admin falsified records rather than contradict her. As a Mountaineer grad I still feel perpetual outrage about this.

49

u/Sage2050 Jan 14 '22

Don't forget that daddy Manchin was friends with the CEO of said pharma company that made her COO out of college with no qualifications that she would later became CEO of.

48

u/QuickAltTab Jan 14 '22

Double don't forget that mommy manchin was the head of the WVa board of education and spearheaded the campaign to require schools to purchase epipens, which coincidentally enough coincided with her daughter's campaign to price gouge on the price of said epipens.

40

u/ArtisanSamosa Jan 15 '22

And now they are going around blocking infrastructure spending, child tax credits, minimum wage increases, etc... Ya'll ever seen the embodiment of evil? I've heard of this Satan guy, but he doesn't seem as bad as these people.

→ More replies

15

u/Sage2050 Jan 15 '22

Wow it's almost like the entire family is shit

→ More replies

7

u/jacobpellegren Jan 14 '22

That is completely fucked.

→ More replies

275

u/IHeartBadCode Jan 14 '22

Interesting thing about EpiPen is that eventually generics and alternative forms got made. Around 2018 EpiPen was about 90% the market, today it’s about 10%.

That said, the makers of EpiPen are also the makers of one of the generics. I’m currently using one of the generics made by someone else Auvi-Q. There’s also one done by CVS. That said, the cash price of generics is still pretty high.

For mine, there’s a website you can go to that you sign up for and it takes about $200 off the price, so I pay about $25 per year for the medication. And that’s a similar situation for a lot of the other generics. Hoops one must jump through to get more affordable prices. I’ll never understand why they must have these hoops one must jump through. But we have at the very least gone from one maker to like three, so there’s a bit of hope that it’s changing somewhat.

115

u/wiggins-ender Jan 14 '22

Having hoops to jump through makes it more likely that people with the means to just pay will do so rather than jump through said hoops.

Super shitty antics.

24

u/TheFAPnetwork Jan 14 '22

I take an injection for psoriasis. My copay was $3,000 with insurance. I was given a phone number to call where I get a break in the price so I only pay $5.00 . The fact that I had to go through three separate people to get where I needed to is bonkers.

I've seen the medication as high as $19,000.00

3

u/LetMeBe_Frank Jan 15 '22

Humera? And does it work for you? (might be completely misremembering the option)

→ More replies

7

u/LookingintheAbyss Jan 14 '22

And if you don't have time to hunt for hoops, you get to pay the full price.

14

u/Artanthos Jan 14 '22

The hoops are about tax deductions for the company.

23

u/[deleted] Jan 14 '22

[removed] — view removed comment

18

u/scrangos Jan 14 '22

Still causes a non-zero amount of people that need it to not have it or ration it

→ More replies

3

u/NAmember81 Jan 15 '22

My mom is in that group. CVS always claims her insurance doesn’t cover this or that and she’ll just fork over $80 rather than jump through hoops.

Once I had her pick up my prescriptions and she spent over $100 even though it’s always free. The pharmacy claimed that my insurance wasn’t going through and she’s just like “whatever.. how much..?” and pays and leaves. Lol

And what irritated me the most is that she paid around $50 for the generic Flonase script with the crappy spray mechanism when she could’ve gotten 2 name brand OTC Flonase bottles with the good spray mechanism for that money.

12

u/Dr_Nik Jan 14 '22

Look at Mr Fancy here using non-expired medication.

37

u/morbie5 Jan 14 '22

From what I understand the generic EpiPen still cost more now than the original EpiPen cost before Joe Manchin's daughter raised the price.

5

u/[deleted] Jan 14 '22

AuviQ was great until they got sued into oblivion for putting the wrong doses in their delivery devices.

2

u/BikerJedi Jan 14 '22

I hope more people see this.

2

u/Jed1m1ndtr1cks Jan 14 '22

I love the nuances of language. "That said," is something you've probably never thought about that you repeat often. Mine is "I'd like to think," as an employee once pointed out after I'd used it in 3-4 consecutive sentences.

Anyways, just something I noticed, not meant as a dig or slight. Cheers!

→ More replies

35

u/najing_ftw Jan 14 '22

That surprises me, but it shouldn’t

100

u/omgburritos Jan 14 '22

If Biden had more balls, he would've used her corruption as leverage to pass the budget reconciliation package

43

u/the_fly_guy_says_hi Jan 14 '22 edited Jan 14 '22

If Biden had more balls, he would have had Congress remove the Republican seditionists who aided in the Jan 6th insurrection. The remaining Republicans would have a really hard time getting the 2/3 majority needed to reinstate their seditionist brethren.

The problem is that although I know of several Republican seditionists in the House, I'm not so sure about any in the Senate. And the Senate is where it counts.

If there were enough Republicans removed from both the House and Senate, there would have been a simple Democrat majority reached without Sinema and Manchin on the infrastructure bill.

There is enough probable cause to suspend / censure / prevent from voting the Republicans who were involved in the Jan 6 sedition pending a thorough DoJ investigation.

If you don't get a majority initially, you remove Republicans and lower the denominator value.

This would have been the Republican hardball play were the roles reversed.

I don't understand why Democrats always choose the high road. I suppose this could cause Civil War but fuck it, Democrats need to play hardball at or beyond the level played by the Republicans. The way they're going, they'll lose the majority in the legislature in 2022.

The hardball denominator logic also applies to Republicans packing the Supreme Court. Don't like it, pass legislation increasing the number of justices and have Biden "pack" the Supreme Court with his picks. That would be possible with a simple majority on both the House and Senate side.

10

u/ABobby077 Jan 14 '22

see Hawley and Cruz for further details

→ More replies

12

u/sedition666 Jan 14 '22

I understand where you are coming from but despite what the Republicans think, there still seems to be Democrats that believe in democracy still.

11

u/the_fly_guy_says_hi Jan 14 '22

See 14th Amendment, Section 3.

Democracy needs to be protected against seditious enemies from within.

It is because Democrats are choosing not to protect democracy now that we will descend into Fascism with Trump running again in 2024.

The Democrats seem to think this is business as usual. It isn't. The next time a Trump rally will descend on the Capitol, they'll be better organized and they'll succeed at the coup they started on 1/6/2020.

I will blame the Democrats for failing to act.

3

u/T3hSwagman Jan 15 '22

At least when they are rounded up in camps in the United States of Fascism they will be able to tell themselves they were morally superior to their captors.

→ More replies
→ More replies
→ More replies

21

u/jukeboxhero10 Jan 14 '22

If he had any balls.

→ More replies
→ More replies

34

u/theantig Jan 14 '22

Can we go after Manchin’s daughter?

8

u/Gingorthedestroyer Jan 14 '22

Yes, light the torches.

7

u/theantig Jan 14 '22

We need to put pressure on him and she’s evil for the same reason. It’s a win/win

→ More replies

51

u/Good_old_Marshmallow Jan 14 '22

Or EpiPens. Wild that for all the hate Shkreli gets, the daughter of a prominent US Senator (Joe Manchin's daughter) does the same damn thing and got the job through him

180

u/droi86 Jan 14 '22

See, he marking up the medicine, was totally cool, but he stole money from rich people which is a big no-no

25

u/lomelyo Jan 14 '22

Regarding Pharmaceuticals the only difference between him and other companies is that he didn't have a PR team. And more important medicines than Daraprim are ruining life the life of people and Congress doesn't do anything because it's more difficult.

I think that guy deserves what he got; but it bothers me when justice is only applied to one person. Because then I don't know if it's really justice or just a witch hunt.

→ More replies

31

u/wheres-my-take Jan 14 '22

to be accurate about the price gouging, it was only for companies that had it covered under insurance. it was given out to others per requests for free. of course this drives up premiums in theory, which is bad, but the justification was it was for funding medicines that weren't profitable, like for overlooked diseases.

also, he didn't steal from rich people, per se. He paid back investment money out of his own pocket because the investments didn't get a return. you can't do that because it looks like your investment was actually good.

27

u/resistible Jan 14 '22

"to be accurate about the price gouging, it was only for companies that had it covered under insurance."

This isn't true. He charged hospitals that amount as well, and then later offered hospitals a 50% discount when he started taking heat for it from them. His company also does not actually do any of the pharmaceutical research, he just buys rights to medicines and sells them for more money than what they previously had been sold for.

He's literally a failed investor that tried to run life-saving medicine like it's a stock. There's nothing heroic or even favorable about his behavior.

7

u/varateshh Jan 14 '22

He was not a failed investor before before he tried to go full villain mode. All he had to do was hike up the prices and keep his mouth shut and it would be a run-of-the-mill pharma company. But he wanted fame or to demonstrate the hypocrisy of current pharma industry. That stuff they nailed him on was dug up after he made a spectacle.

→ More replies

2

u/thorscope Jan 14 '22

Turing/ Vyera hasn’t had a drug be approved by the FDA, but they have FDA filings and they had projects fast tracked by the FDA prior to Shkrelis arrest.

→ More replies

2

u/plarc Jan 14 '22

Can you explain to me how, does it work? If a patient can buy his medicine for 1.5$ but the hospital has to pay 750$ what stops the patient from buying his own medicine instead?

→ More replies
→ More replies
→ More replies
→ More replies

12

u/Technosyko Jan 14 '22

It’s so fucking sad what insulin producers do now considering the team that came up with a way to synthesize it sold the patent for $1

→ More replies

48

u/Frankenmuppet Jan 14 '22

It floors me how much people pay for Insulin in the States.

53

u/IdasMessenia Jan 14 '22

It floors some diabetics too.

→ More replies
→ More replies

83

u/ItzMcShagNasty Jan 14 '22

People always forget. He is not gong to jail and losing his money for the moral crimes of stiffing patients for tons of money and being a general POS, he's going to jail because he ripped off some rich people.

They will not go after insulin producers, the problems in this country will not be fixed with healthcare because of this. Shkreli is a shitbag but this is unrelated to any of our countries other problems with healthcare.

→ More replies

35

u/alexanderpas Jan 14 '22 edited Jan 14 '22

Insuline prices would have been limited to $35/month as part of the Build Back Better Act, but we all know how that ended after Manchin pulled his support.

11

u/iAmTheHYPE- Jan 14 '22

Thanks a fucking lot, West Virginia

5

u/WorkingDead Jan 15 '22

Biden also rolled back the previous administrations executive order making providers price insulin reasonably, so there is that....

→ More replies

3

u/BruceBanning Jan 14 '22

This is awesome, but it’s just making an example of one person who was a huge dick about it while almost everyone is price gouging everything they can, because that works well in capitalism. We need to work on the whole system.

3

u/Justnsfwstuff87 Jan 14 '22

Now they have precedence to go after insulin

3

u/LookAlderaanPlaces Jan 14 '22

And Joe “shit bag” Manchin’s daughter who fucks everyone over with the Epipen price raises for no reason.

3

u/Duhrell Jan 14 '22

Insurance companies and PBMs. A typical net price of insulin, ie what your insurance companyv actually pays for the drug, is about $35. And that price has declined every year for almost a decade. When you get gauged at the pharmacy for a $100+ copay in your insulin, that's is your insurance company collecting profit, not the mnfr. I'm not suggesting $35 is cheap, or even appropriate, but the insane out of pocket costs on insulin are entirely the fault of your insurance company and their pharmacy benefit manager. Out of pocket costs on insulin would be zero in a sane healthcare system.

And further in this topic, 2021 was the first year where more than 50% of drug spend in America went to middlemen. Lunacy

3

u/GraceMDrake Jan 14 '22

Also Joe Manchin’s daughter, who gouged the price of epipens.

3

u/NomadicAlaskan Jan 15 '22

Frederick Banting, who developed and patented insulin, sold the patent for $1, saying “insulin does not belong to me, it belongs to the world.” Somehow big pharma has ruined what was supposed to be a gift.

9

u/JasonVanJason Jan 14 '22

People who regularly take insulin also experience a life expectancy loss of around 10 years

5

u/ObscureCulturalMeme Jan 14 '22

Trust me, by that point most of us are wishing it was more than merely 10. The end stage of Type 1 is just a litany of crushing defeat.

6

u/Forloveandzen Jan 14 '22

T1 for 28 years now. Your comment hits hard but very true. I always hope for a cure of at least a giant step forward. Either of those things won’t change much for diabetics who are on the long side of the journey (damage has already been done), but it would be nice to know that the youngins would have a shot.

→ More replies

4

u/Ocularias Jan 15 '22

Lol.

Shkreli wasn't caught for jacking up prices, he was caught because he fucked with the rich.

→ More replies