EpiPen Prices Skyrocket: Defending the Freemarket | 8-28-16 Podcast
Update: 2016-08-28
Description
To many, it's the indefensible argument: defending the free market around the EpiPen's 400% price increase. To many though, this a call to action for the government. Congressmen on both side of the aisle are seeking to launch an investigation. But does the government have this authority, responsibility, and/or duty when no laws have been broken?
Defending the free market doesn't mean condoning the action to increase the price of EpiPen; however, just like one business can freely increase the cost, another can emulate the product and sell it cheaper. Just like the "Pharma Bro's" $18 to $750 markup on a HIV medicine last year, the free market found an alternative: a $1 pill.
Later in the broadcast, the University of Chicago is telling incoming students not to expect "safe spaces" or "trigger warnings." The blowback is unbelievable.
Defending the free market doesn't mean condoning the action to increase the price of EpiPen; however, just like one business can freely increase the cost, another can emulate the product and sell it cheaper. Just like the "Pharma Bro's" $18 to $750 markup on a HIV medicine last year, the free market found an alternative: a $1 pill.
Later in the broadcast, the University of Chicago is telling incoming students not to expect "safe spaces" or "trigger warnings." The blowback is unbelievable.
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