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Boss Files with Poppy Harlow: Conversations about business, leadership and innovation
Mylan CEO Heather Bresch became the first woman to run a major pharmaceutical company in 2012. She opens about her experience being the only woman at the table, how the company's EpiPen controversy was a "defining moment" and made her a stronger leader, the state of health care in the country today and why she says Congress is not solution oriented despite being the daughter of West Virginia Sen. Joe Manchin. Produced by Haley Draznin, CNN.
Epinephrine injectors are life saving devices for people with food allergies and one company - Mylan Inc. - produces almost all of them. In this episode, listen to the highlights from a House Oversight and Government Reform Committee grilling of Mylan CEO Heather Bresch, and judge her justification for raising the EpiPen's price over 600% since EpiPen's competition was eliminated. Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! Sound Clip Sources Hearing: EpiPen Price Increases (Watch on C-SPAN) House Oversight and Government Reform Committee, September 21, 2016. Witnesses Heather Bresch, CEO of Mylan Inc. Doug Throckmorton, M.D., Deputy Center Director for Regulatory Programs Clip Timestamps (In order of appearance in episode) 51:16 - Doug Throckmorton: Available epinephrine injectors 49:55 - Rep. John Mica (FL) and Doug Throckmorton: FDA won't discuss generic applications 0:35 - Chairman Jason Chaffetz (UT) - Introduction 9:25 - Elijah Cummings (MD): Mylan's actions that Congress is investigating 12:20 - Elijah Cummings: List of EpiPen price increases 4:10 - Jason Chaffetz: Executive compensation 16:55 - Elijah Cummings: Martin Shkreli called Congress "imbeciles" 24:10 - Heather Bresch: Introduction 28:16 - Heather Bresch: Mylan's profits from each EpiPen 47:43 - Rep. Elijah Cummings (MD) & Heather Bresch: Mylan did not give Congress requested documents 55:10 - Rep. Eleanor Holmes Norton & Heather Bresch: Will Mylan reduce the price of EpiPens? 1:23:26 - Rep. Scott DesJarlais (TN) & Heather Bresch: How long were the price increases going to continue? 1:32:10 - Rep. Gerald Connolly (VA) & Heather Bresch: Mylan's EpiPen is 94% of the epinephrine injector market. 1:56:55 - Rep. Stacey Plaskett (VI) & Heather Bresch: Why are customers paying so much for EpiPens? 2:01:04 - Rep. Mark Meadows (NC) & Heather Bresch: Everyone pays a different price in this system 2:51:15 - Rep. Bonnie Watson Coleman (NJ) & Heather Bresch: Mylan moved their headquarters to the Netherlands to pay less in U.S. taxes. 2:37:15 - Rep. Peter Welch & Heather Bresch: EpiPens cost much less in the Netherlands 1:03:15 - Rep. John Duncan (TN): Drug companies have manipulated the market. 1:44:25 - Tammy Duckworth (IL) & Heather Bresch: Mylan prohibited schools from buying from competitors 36:45 - Rep. Jason Chaffetz (UT) & Heather Bresch: Heather Bresch's explanation for why her mother used her position to get schools to buy EpiPens from Mylan 1:11:40 - Rep. Tim Walberg (MI) & Heather Bresch: Mylans plan would shift costs of EpiPens to government 1:21:16 - Rep. Stephen Lynch (MA) & Heather Bresch: Veterans Administration is able to negotiate it's drug prices, which makes them lower 53:35 - Rep. John Mica (FL) & Heather Bresch: Executive compensation at Mylan 59:19 - Rep. Eleanor Holmes Norton (DC) & Heather Bresch: What does Heather Bresch do to earn $18 million per year? 2:48:55 - Rep. Bonnie Watson Coleman (NJ) & Heather Bresch: Heather Bresch often uses a company private jet 2:13:50 - Rep. Mick Mulvaney (SC) & Heather Bresch: Mylan is getting what it deserves 3:08:08 - Rep. Glenn Grothman (WI) & Heather Bresch: Does Heather Bresch feel guilty? 3:39:40 - Rep. Jason Chaffetz & Heather Bresch: The numbers don't add up. 3:43:30 - Rep. Elijah Cummings (MD) Closing statement Additional Reading Article: Family matters: EpiPens had high-level help getting into schools by Jayne O'Donnell, USA Today, September 21, 2016. Article: Have You Ever Tried to Buy an EpiPen? by Olga Khazan, The Atlantic, August 24, 2016. Article: Everyone Hates Martin Shkreli. Everyone is Missing the Point by Kelefa Sanneh, The New Yorker, February 5, 2016. Additional Information Law: H.R. 2094 (113th Congress): School Access to Emergency Epinephrine Act OpenSecrets: Senator Joe Manchin's campaign contributors Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Cover Art Design by Only Child Imaginations
ABC's Kenneth Moton joins Joe and Alex to talk about Mylan CEO Heather Bresch's questioning during a hearing about the dramatic price increase of Epipens.
Mylan Corp. has come under fire for raising the price of its life-saving EpiPen from $7 to $300 over the last nine years. A look at the political connections of Mylan CEO Heather Bresch reveals that the US government is marketing the EpiPen and stopping competitors from getting into the market. Also: US allies in Syria are fighting each other, not ISIS; Turkey threatens the Kurds; US Army captain sues the President for declaring war without constitutional authority; New York Times accuses Russia of spreading propaganda (while spreading anti-Russian propaganda); clown tries to lure children into woods near Greenville, SC; and Sanhedrin appoints a new high priest in time for Yom Kippur.
EpiPen maker Mylan has been under fire for increasing the price of its life-saving allergy treatment by about 500% since 2009. In response to public outrage, Mylan CEO Heather Bresch told CNBC that the mass price hike is due to our “broken” health system. During “The Quickie,” Ilyssa Fuchs, Esq. explained how and why the price of the EpiPen has risen to over $600 and what this says about our health care system.