The FDA is Partly to Blame for Mylan’s EpiPen Price Gouging

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The new head of the Food and Drug Administration (FDA) selected by President Barack Obama has very close ties to the pharmaceutical industry.

Dr. Robert Califf, an FDA deputy commissioner and cardiologist at Duke University, has had considerable dealings, including financial ones, with drug manufacturers, whose products must be approved by the agency he’s been tabbed to lead.

“No one who knows him thinks he wants to weaken the regulatory agency he has been chosen to lead,” The New York Times reported. “But he has deeper ties to the pharmaceutical industry than any FDA commissioner in recent memory, and some public health advocates question whether his background could tilt him in the direction of an industry he would be in charge of supervising.”

Daniel Carpenter, a Harvard political science professor, told the Times: “In a sense, he’s the ultimate industry insider.”

– From last year’s post: Obama’s Nominee to Head the FDA Has Very Deep Ties to the Pharmaceutical Industry

In the past 24 hours, I’ve read two very interesting articles detailing how the Food and Drug Administration (FDA) is partly to blame when it comes to not just EpiPen price gouging, but drug price gouging in general.

The first piece is by someone whose work I’ve highlighted multiple times in the past, David Dayen. Let’s take a look at some of his observations in a recent piece titled, Here’s How to Stop Price Gouging by Drugmakers Like Mylan:

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“The Populist Upsurge is Real” – A Liberal College Professor Finds Common Ground with the Tea Party

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People are going to be pissed off no matter who wins this election and that is a very important social dynamic I believe is vastly under appreciated by the majority of mainstream pundits and analysts out there.  This is also very distinct from the environment that prevailed in 2008.  Four years ago, the financial markets were crashing and the economic future of America was circling the toilet bowl, yet a majority of Americans embraced the potential of a young, inexperienced biracial politician from Illinois who was saying all of the right things.  Despite the gigantic disappointment he has proven to be as President, there is no denying that he had all of the Democrats and most Independents under his spell on this day four years ago.

Fast forward to 2012 and the county isn’t “divided” as mainstream media talking heads like to say.  The country is pissed off.  Genuine and legitimate frustration permeates the land from sea to shining sea and rightly so.

– From my 2012 pre-election article: The Seventy Percent

Robert Reich is Professor of Public Policy at the University of California at Berkeley. I know of the man mainly from his frequent appearances on CNBC when I used to watch the channel (I’m proud to say I haven’t tuned in, even for five minutes, for several years now). He was always held up as the token “liberal,” who was more than eager to spar with CNBC’s endless parade of crony capitalist heroes and “socialism for the rich” supporting statists. During my post Wall Street years, I have from time to time come across his musings, but none have struck me like the insightful post he published three days ago.

The post is titled, What I Learned on My Red State Book Tour, and it’s an extremely important that all Americans read it. Here are a few excepts:

I’ve just returned from three weeks in “red” America.

It was ostensibly a book tour but I wanted to talk with conservative Republicans and Tea Partiers.

I intended to put into practice what I tell my students – that the best way to learn is to talk with people who disagree you. I wanted to learn from red America, and hoped they’d also learn a bit from me (and perhaps also buy my book).

But something odd happened. It turned out that many of the conservative Republicans and Tea Partiers I met agreed with much of what I had to say, and I agreed with them.

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