EpiPen is the brand name of an device that makes it easy to inject a pre-measured dose of epinephrine (adrenaline), most often for the treatment of anaphylaxis.
- Mylan, the manufacturer of the EpiPen, spent $4 million lobbying Congress to pass the 2013 School Access to Emergency Epinephrine Act
- The Act offers incentives to schools to stock the potentially life-saving EpiPen
- After the law was passed, 11 states mandated that their schools stock EpiPens
- Your tax dollars help pay for many of the EpiPens — through incentives (see #2, above), mandates (see #3, above), purchases by the Veterans Administration, reimbursements by Medicare, Medicaid and the Children’s Health Insurance Program, as well as reimbursements by the health plans of state and local governments
- Having established a healthy demand for their product, Mylan did a “corporate inversion” in 2015, that converted them from a US company into a Dutch company, so they no longer pay any US taxes
- Not content with screwing us on taxes, Mylan jacked up the price of the EpiPen from $104 (2009) to $609 (2016)
But it’s not all bad news, Heather Bresch, the Mylan CEO has at least been compensated for her hard work on behalf of the company’s customers: her salary has gone from $4.9 million (2009) to $13.1 million (2015 — most recent year for which figures are available).
Source: Mylan pushed for law to make EpiPens mandatory in US schools — then fled overseas to avoid taxes