Question

In: Nursing

Over the past few years there has been a lot of media coverage on the cost...

Over the past few years there has been a lot of media coverage on the cost of EpiPens.

EpiPens, a form of epinephrine is a front line drug for the treatment of anaphylaxis (Drugs, 2018).

The company that makes EpiPen, Mylan was the subject of much controversy and media attention. There were lawsuits filed against the company due to the high cost of EpiPens.

One brand name EpiPen that contains two auto-injectors cost an estimated $650-700 if bought with cash. This can be cost prohibitive for families who are underinsured or not insured. And if there is a need for an EpiPen for a child families were struggling since there was a need to have an EpiPen available at school and then there needs to be one at home.

CVS Pharmacy has a program that helps families with getting a lower cost EpiPen. What are your thoughts on this subject?

Solutions

Expert Solution

EpiPens

It contains epinephrine, which is a chemical that helps to narrow the blood vessels and assist to open a patient's airways in his lungs.

It administered thorough a stab on our thighs. It is helpful to reverse the effects of severe allergic reactions and low blood pressure.

- Recently EpiPens dominated the headlines of major newspapers for a good reason because there are certain talks going over epipens in order to cut down the price.

Here’s a breif idea of how the cost hike too place.

The drug manufacturing company Mylan bought EpiPen in 2007, when medical stores paid less than $100 for a two-pen set. In 2009, the price went up to $103.50 for a set, but it was up to $264.50 by July 2013. The price was hicked up to $461 by May 2015, and it spiked to $608.61 by May 2016.

CVS Pharmacy has a program that helps families with getting a lower cost EpiPen. What are your thoughts on this subject?

CVS started offering low-cost epinephrine auto-injector at less than half the cost of EpiPen and it is generic.

Mylan's brand-name EpiPen costs approximately $649.99 for a two pack; its authorized generic costs roughly $340, as per CVS pharmacy.

- patients can afford the price for treatment

-the efforts of people's petition and protest paid off

-patients with life threatening allergies can be benefited.

- even government could help the company to bring down the cost to ensure adequate supply.

- it can help to gain the trust of people in medical care

- it gives peace of mind to the patient's families.

- it helps to reduce polarization in medical care.

- it can help to treat every patients equally.


Related Solutions

Criminal profiling has received a lot of media attention over the past few years. Describe the...
Criminal profiling has received a lot of media attention over the past few years. Describe the process of criminal profiling and the different approaches. What is your opinion of criminal profiling? Is it effective? Use examples from the research literature to support your comments.
There has been a great deal of discussion in the news over the past few years...
There has been a great deal of discussion in the news over the past few years about raising the minimum wage. Some cities and states have increased minimum wages in their locality above the federal minimum wage, which has brought demands for the federal minimum wage to be increased. Some argue that the federal minimum wage should be increased to $10.10 while others argue for the $15 level. From a microeconomics perspective, who is hurt and who is helped by...
Much has been made over the past few years of drops and rises in the price...
Much has been made over the past few years of drops and rises in the price of oil, with drops and rises often blamed on OPEC (drops because they are trying to drive out US frackers and rises because they have succeeded in driving them out. Two questions: 1) How can OPEC manipulate the oil market? 2) If you are reducing price to wipe out your competitors, you need a credible strategy to get the money back. Is OPEC able...
Question 6 (17) The rand currency has been depreciating slowly over the past few years, and...
Question 6 (17) The rand currency has been depreciating slowly over the past few years, and especially now during Covid-19 we have seen a much faster depreciation. Explain the chain of events associated with a currency depreciation. Graphically indicate how this latest sharp depression of the currency will impact the IS/LM/BP diagram. Indicate any movement of curves with arrows.
A car manufacturer has been experiencing financial difficulties over the past few years. Sales have reduced...
A car manufacturer has been experiencing financial difficulties over the past few years. Sales have reduced significantly as a result of a worldwide economic recession. Costs have increased due to quality issues that led to a recall of some models of its cars. Production volume last year was 50,000 cars and it is expected that this will increase by 4% per annum each year for the next five years. The company directors are concerned to improve profitability and are considering...
Over the past few decades, the cost structure of manufacturing companies has shifted. In the early...
Over the past few decades, the cost structure of manufacturing companies has shifted. In the early 1900s, direct material costs were substantial while fixed costs represented a small fraction of total manufacturing costs. However, the cost structure has reversed and now fixed costs make up the majority of total manufacturing costs. What caused this to happen? What would explain the drastic change in cost structure? Which industries would be most affected by this change?
The Ghanaian banking industry has experienced a lot of reforms over the past 3 years. Identify...
The Ghanaian banking industry has experienced a lot of reforms over the past 3 years. Identify and briefly explain the rationale for these reforms. Do you think these reforms will achieve its intended purpose?
CompU has become a success over the past few years, and Bill and Melinda Jobs decide...
CompU has become a success over the past few years, and Bill and Melinda Jobs decide it is time to meet with a financial planner to make certain his personal finances are in order. Bill has the following questions he needs help in answering regarding his current and future financial goals. If they deposit $1,000 today in a savings account earning 4% compounded annually, how much will they have in 10 years? If they have an opportunity cost of 10%,...
Over the past 35 years, there has been a marked increase in both the flow and...
Over the past 35 years, there has been a marked increase in both the flow and stock of FDI in the world economy. Discuss why FDI has grown more rapidly than world trade and world output. Site examples when possible.
HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock...
HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock price has stagnated and remained between $22.15 and $22.82. The CEO, who started the company, believes that the stock price needs to be higher, and the best way to do that is to pay a dividend to increase the demand for the stock. The company has never paid a dividend in their history. The CEO needs to determine what type of dividend policy to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT