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Friday, Aug 26 2016

Full Issue

Mylan's Offer Of EpiPen Discounts Meets With Criticism

Critics reacted by pointing out that the company did not lower the list price of the EpiPen, which has risen to $600 for a pack of two from about $100 in 2007. Many experts also said the company's move to provide "savings cards" was more of a public relations move that wouldn't have much overall impact.

Mylan NV raced Thursday to counter a firestorm of criticism over its pricing of lifesaving EpiPens, saying it would help more patients cover their out-of-pocket costs. But the drugmaker didn鈥檛 lower the list price, and its stranglehold on the market means it is unlikely to face competitive pressure to do so. (Rockoff, 8/25)

But the moves did not mollify critics of Mylan because the company did not lower the list price of the EpiPen, which has risen to $600 for a pack of two from about $100 in 2007. So the total cost to the health system, a cost borne largely by insurers, the federal government and school districts, will remain the same. (Pollack, 8/25)

Although the company said that the savings card would halve the cost of the drug to commercially insured patients who pay full price, outside experts said the overall impact will likely be small and that it did not amount to a solution to the broader problem. Such savings cards are a classic public relations move by the pharmaceutical industry, said Harvard Medical School professor Aaron Kesselheim, and it will聽only be used by a fraction of the people who need the drug. For example, such savings cards are illegal in government health programs such as Medicaid. (Johnson, 8/25)

The device's manufacturer, Mylan NV, announced Thursday that it will offer coupons worth as much as $300 off a two-pack. The move is a reaction to harsh criticism from consumers and several lawmakers over repeated price increases that have boosted the cost of the medication to more than $600 from less than $100 just a few years ago. ... But coupons may not be enough to tamp down anger over the price hikes. (Kodjak, 8/25)

The maker of EpiPens announced Thursday that it is reducing the price of the device following an uproar in Washington over the cost of the treatment for serious allergic reactions.聽Mylan, the company that makes EpiPen, said it will provide a savings card worth up to $300 for people who had been paying the full price聽out-of-pocket, effectively reducing the cost by 50 percent.聽The company is also making it easier to qualify for its patient assistance program, which eliminates out-of-pocket costs for uninsured and underinsured people. (Sullivan, 8/25)

Mylan, the embattled drug company whose price hikes of an anti-allergy product sparked calls for a government investigation and a congressional hearing has announced plans to broaden discounts offered to consumers on its EpiPen. The company said Thursday that it will increase the value of a savings coupon offered on an epinephrine auto injector to $300 from $100 and double the eligibility for subsidies that eliminate out-of-pocket costs to uninsured or underinsured patients. (Spencer, 8/25)

Today the CEO of Mylan responded to the uproar over her company's price increases for EpiPens, the life-saving anti-allergy injectors. A pack of two EpiPens now costs $600, up from $100 in 2007. CEO Heather Bresch said Mylan will offer more financial assistance to help people pay their out-of-pocket costs 鈥 the piece that health insurance doesn't cover. But she did not offer to take back any of the price increases. Instead, Mylan blames rising health care premiums and deductibles. But Robert Weissman, president of the watchdog group Public Citizen, says that鈥檚 not it at all.聽 鈥淭he problem is that Mylan has jacked up their price,鈥 he said. 聽(Douban, 8/25)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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