EPA/FDA cartel at it againSubmitted by vman2003 on Sat, 09/24/2011 - 09:25
Some days ago I posted a link showing how FDA increases prices of medications by regulation, while providing no additional benefit. (here it is for reference again if you haven't seen it already - they attempted to increase the price by 150 times : http://articles.latimes.com/2011/mar/09/news/la-heb-prematur...)
They are at it again, this time in cooperation with EPA. They are banning OTC asthma inhalers that used to cost around $20 to now buy other type which costs around $60 and will also require doctor visit (so yeah, another co-pay plus insurance for the visit):
And this is nothing new - here's an article from 1994 in which they didn't allow a simple and cheap device that can help detect breast cancer and that's been available in Europe and Asia and used successfully for years prior to that:
Thanks to FDA the company didn't manage to profit from a cheap device that could have been used to catch breast cancer early enough. But someone must have profited quite a bit from chemotherapy medications over the backs of those that didn't detect it early enough.
And we wonder why healthcare costs so much...
Since the post started two other members posted great links that further expose the nature of this cartel. Here they are in case you don't feel like scrolling down:
FDA (by voteliberty2012)
EPA (by trisport)