Since 2007, the price of an EpiPen… a device to inject life-saving epinephrine to prevent people with severe allergies from dying due to an allergic reaction, has soard from $100 to $700. Now, why is that? How can a generic technology increase so much in price?
Also, the price increase was engineered by the CEO of the company that makes the EpiPen. By quintupling the price of the devices, she added over a billion dollars a year to the company’s bottom line and increased her own annual paycheck from $2 Million to almost $20 Million.
Pretty cozy right?
The Clintons aren’t the only ones doing the whole “Pay for Play” thing.