Joe Manchin's Daughter Saw 600% Increase In Pay As EpiPen Prices Rose 400%

[CatWoman]

Mylan CEO Heather Bresch saw her total compensation go from $2,453,456 to $18,931,068, a 671 percent increase.

From 2007 to 2015, Mylan CEO Heather Bresch saw her total compensation go from $2,453,456 to $18,931,068, a 671 percent increase. During the same period, the company raised EpiPen prices, with the average wholesale price going from $56.64 to $317.82, a 461 percent increase

The stock price more than tripled, going from $13.29 in 2007 to a high of $47.59 in 2016.

Between 2007 and 2015, Heather Bresch, CEO of Mylan, experienced a 671 percent increase in compensation, according to NBC News. Within the same time period, EpiPen wholesale prices rose on average from $56.64 to $317.82, about 461 percent.

In recent years, the lobbying efforts of Mylan also increased, resulting new recommendations by the FDA for the product to be sold in packs of two and to be prescribed for at-risk patients. Not only this, but NBC also reported that Heather Bresch is the daughter of Senator Joe Manchin.

The price increases have resulted in concerned parents about the power of pharmaceutical companies and caused many to find cheaper outlets for the necessary drug.

https://mavenroundtable.io/theintellectualist/news/joe-manchin-s-daughter-saw-600-increase-in-pay-as-epipen-prices-rose-400-ypvMzcVArU6lCY_279Gn7A/?fbclid=IwAR3Yu_gtaS3bVeeqjebIxK-vuLjSdoTb6LvLWufT5j4zfp30Ex4AuzQ1uvU

[pnwmom]

1. I'm not sure what the relevance is of her father being Joe Manchin, but of course

it was wrong that Epi-pen prices have skyrocketed. It is also wrong that insulin prices have skyrocketed, even though Joe Manchin wasn't connected to that, even through his daughter.

[GeorgeGist]

4. Gotta learn your values somewhere ...

I suspect Dad played a role.

[pnwmom]

7. Joe Manchin managed to win state office as a Democrat in the one state

where a higher percentage of people voted for Trump than in any other of the 50 states.

So, yes, he's more conservative than most non WVA Democrats. But he's much more progressive than any Republican in Congress.

[lapucelle]

15. And the story is from August 2016. Why is it being posted on DU 2+ years later

when Manchin won't even be running again until 2024?

Cui bono?

[sheshe2]

16. Well...

You know.

[lapucelle]

17. Did you know that my browser might be broken because when I click on the OP's link

it takes me to the OP's link?

Better get the browser checked!

[sheshe2]

19. Ha, saw that

[CatWoman]

20. my apologies

the site where I obtained this story said it was two days old; not two years

[lapucelle]

21. Was it Maven Roundtable? I've never heard of that site. N/T

[CatWoman]

22. what's "tt"?

[lapucelle]

24. What's mavenroundtable.io? N/T

[CatWoman]

26. a site that sources from NBC News?

again, what is "tt"?

[lapucelle]

29. It's a niche content media platform where Jake Thomas (of The Intellectualist!)

datelines old news stories "2 days ago" to serve some purpose or agenda in some niche on the internet.

https://www.sec.gov/Archives/edgar/data/894871/000114420416128367/v450609_8k.htm

[lapucelle]

6. Where did this story on mavenroundtable.io come from?

It's the sole link cited.

The Intellectualist pageon Maven Roundtable has no identifying information on their website, no "about us", no address, no contacts whatsoever

Linked In notes only anonymous freelancer as an employee. The writer of the story, Jake Thomas, has no contact info and only a brief, vague bio. None of this looks legit.

[muriel_volestrangler]

10. Maybe your browser is broken; on mine, when I visit the site, "NBC News" is a hyperlink

that goes to https://www.nbcnews.com/business/consumer/mylan-execs-gave-themselves-raises-they-hiked-epipen-prices-n636591 . If you want the extra detail from that NBC story, it's:

A 2008 inquiry found Bresch didn't complete the coursework for her MBA granted by West Virginia University. The school had received a $20 million donation from Mylan chairman Milan Puskar in 2003.

Several of the university administrators resigned in the aftermath, including president Mike Garrison. The former Mylan consultant and lobbyist had gone to high school with Bresch, the daughter of West Virginia Senator Joe Manchin, and was a longtime family friend.

I'd get your browser checked, if I were you. It's not showing you links properly.

[lapucelle]

11. Maybe my browser is broken?

Here's the OP's link copied from the OP.

https://mavenroundtable.io/theintellectualist/news/joe-manchin-s-daughter-saw-600-increase-in-pay-as-epipen-prices-rose-400-ypvMzcVArU6lCY_279Gn7A/?fbclid=IwAR3Yu_gtaS3bVeeqjebIxK-vuLjSdoTb6LvLWufT5j4zfp30Ex4AuzQ1uvU

[lapucelle]

14. Your link is to a story from August 2016 that was not cited in the OP. N/T

[muriel_volestrangler]

18. You visited the mavenroundtable page; you said so. You also gave details from it

that were not in the OP, so we know you saw some things on that page. The NBC link is on that page. It's the underlined words that say "NBC News". Well, it is on my browser, but it doesn't appeared to have showed up like that on yours, since you're complaining there was no source for the mavenroundtable article.

[melman]

25. I can see the link

I suspect everyone can. Some are just trying to discredit the information by throwing a red herring in.

[lapucelle]

28. So the source for today's post is a link to a 2+ year old NBC news story

in post by Jake Thomas (of "The Intellectualist"!) datelined "2 days ago" and served up through a "niche media content" aggregator?

That sounds about right.

Well if the niche fits, by all means occupy it.

Bring some donuts with you.

[muriel_volestrangler]

30. Yes; the NBC reporting appears to have been correct in all respects

I presume you regard this obscene profiteering as morally repugnant? The fraudulent award of the MBA was pretty loathsome too, wasn't it?

[lapucelle]

31. Yes, but the OP's primary source dateline is innaccurate by 929 days.

The Intellectualist must be niche content for those for whom August 25, 2016 will be the day before yesterday in perpetuity.

[old guy]

8. Well actually he didn't condemn the increase,

only that he was "concerned". Then he heaped praise on his daughter as being this wonderful person who was very compassionate. On the other hand, he is little more than a moderate Repub so I would not expect much else. Not connected? Oh, I'm sure they never discussed over lunch or when they handed over the campaign donations.

[pnwmom]

9. His overall record in the Senate is much more progressive than any Republican in Congress.

progressivepunch.com

And I wouldn't expect a father to publicly "condemn" his daughter.

[old guy]

13. Being more progressive than any repub is very faint praise indeed.

He did not have to condemn his daughter, only the price increase. If she would take that as a condemnation of her, well if the shoe fits.

[sfwriter]

2. Capitalism at its finest!

There is a reason AOC, Sanders and Warren are popular.

[PoindexterOglethorpe]

3. No one needs to be paid that much.

There really needs to be a maximum wage, not just an inadequate minimum.

[democratisphere]

5. Thanks to the American Criminal Enterprise Healthcare System.

Criminals in corporate boardrooms never had it so good at the expense of everyone else.

[KT2000]

12. Cannibal capitalism

what do you want to bet a subsidiary of theirs owns a chain of funeral homes, or casket makers.

[Vinca]

23. Wonder how many people died.

[catbyte]

27. I'm deathly allergic to aspirin & NSAIDs, so much so that I've carried one since 1994 just in case

I accidentally ingest something with aspirin in it. I can't believe how careful I have to be with creams, over-the-counter meds & especially holistic medicines. In fact, I try to stay away from most because a lot of them have some sort of willow bark in them. Anyway, I've been carrying around an expired one for a year because even with insurance it's gonna cost me almost $200. I'm just super cautious now. It's criminal.

Shame on her. Shame on him.