Home
/
RELIGION & LIBERTY ONLINE
/
Angry about high-priced EpiPens? Blame cronyism and overregulation
Angry about high-priced EpiPens? Blame cronyism and overregulation
Jan 18, 2026 12:12 PM
pany Mylan recently spurred a flurry of outrage after raisingthe price of their lifesaving EpiPen by 400%, leading many to decry “corporate greed” and point the finger at capitalism.

Unfortunately, such angerroutinely fails to consider the systemic reasons as to why Mylan can charge such prices, resorting instead to knee-jerk calls for fresh tricks by the FDA and new layers of price-fixing tomfoolery from Washington.

Yet the problem, as detailed by Rep. Mick Mulvaney in a new video from FEE, begins with the very sameinterventions, back-room deals, and price manipulations that thecritics now propose.

Why, we might ask, is Mylan able to wield this monopolistic power and exploit its consumers with little challenge? As Mulvaney demonstrates, the answer has far more to do with the FDA, Congress, President Obama, and the Affordable Care Act than a free market with free-flowing prices.

This is not an isolated incident. As Jay Stooksberry explains, even inthis one small corner of healthcare, the connections between government regulators and healthcare policy reveal a trail of breadcrumbs that leads to far more “pay to play” cronyist schemes than Mylan and its EpiPen:

The EpiPen is not a microcosm; the cost of other prescription drugs are also on the rise. A House of Representativesreportfound that ten different drugs experienced even larger price hikes, starting as low as 420% and as high as 8,000%.

panies who “paid to play” are providing a textbook example of crony capitalism, not free market capitalism.

Considering the scope of government intervention in this specific marketplace, rather than blaming the free market for this controversy, a more appropriate response would be “what free market?” And now, lawmakers are ironically “demanding answers” from Mylan. If forced to speak in front of a Congressional panel and asked what inspired this price hike, Bresch pany should be encouraged to hold up a mirror to lawmakers’ faces.

As we hold up that mirror to Washington, Mulvaney’s point about prices ought not be forgotten. The core problem is not whether pany is charging too much or too little for a drug. “Nobody in here has any clue,” Mulvaney says. “We don’t understand the cost. We don’t understand the distribution system. We don’t understand how healthcare products get priced and distributed.”

Rather than trusting in the power of bottom-up creativity and strengthening the channels through which we collaborate and exchange, the planners prefer to engage in new forms of top-down experimentation, all under the guise of “economic security” and “public health.”

All the while, the problem is not high prices and the solution is not self-righteous rants about “corporate greed” paired with economic control. The problem is overregulationand an entrenched plutocracy, and the answer is found in freedom and the fruits that it provides.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The ‘idea equation’ and economic growth
Note: This is post #86 in a weekly video series on basic economics. As we’ve seen in recent entries in this series, ideas play a key role in economic advancement. If we can predict the future of ideas we can, in part, predict the future of economic growth. But how do we do that? To answer that question, economist Alex Tabarrok look at the “Idea Equation.” In this video by Marginal Revolution University, Tabarrok explain how Ideas = Population x...
We are all New Deal socialists now
President Trump is known for public unveiling his inner thoughts on Twitter. But one of the most ments he’s ever made came recently in a private discussion with lawmakers about trade policy. According to Sen. Jerry Moran, R-Kan., when senators visited the White Housethey told the president what farmers want is access to markets, not a payment from government. To this Trump replied, “I’m surprised, I’ve never heard of anybody who didn’t want a payment from government.” Unfortunately, the president...
The folly of ‘following your passion’
If you’re a young person in America, you’ve undoubtedly been bombarded by calls to“follow your passion,” “pursue your dreams,” or “do what you love and love what you do.” But do these sugary mantras truly represent the path to vocational clarity, economic abundance, personal fulfillment, and human flourishing? Not according to a new study by researchers from Stanford University and Yale-NUS College, which found that “following your passion” is likely to lead to overly limited pursuits, inflated expectations (career, economic,...
The welfare state threatens vulnerable life
Poland has an overwhelmingly Roman Catholic population, a putatively pro-life government, and a popular initiative to protect the lives of children suffering from genetic conditions like Down syndrome – so, why has it gone nowhere? Politicians candidly admit allowing sick children to survive would cost the state-run health care system too much money. At Acton’s Religion & Liberty Transatlantic website, Polish author Marcin Rzegocki writes: A report from an official parliamentary body, the Bureau of Parliamentary Analysis, stated that “adoption...
Justin Welby reimagines a poorer and less free Britain
“Christian leaders are often guilty of ‘souping up, mon good,” says Noah Gould in this week’s Acton Commentary. “Justin Welby, Archbishop of Canterbury, is no exception. In his latest book, Reimagining Britain: Foundations for Hope, Welby sets out to create a new social and political vision for the United Kingdom based on mon good.” The most precise definition Welby offers is that mon good “looks not to averages but to the totality of flourishing in a group.” He uses the...
Africa needs trade, not more weapons
The EU is considering a $12-billion peace plan that would supply weapons to war-torn western and central Africa, known as the Sahel region. But Ibrahim Anoba – who hails from Lagos, Nigeria – says trade and economic development, including lower EU tariffs, would go a long way toward bringing peace to the area. At Acton’s Religion & Liberty Transatlantic website, Anoba writes: [T]he recruitment strategy of [al-Qaeda’s regional affiliate] – like most terror organizations – focuses on exploiting munities already...
Radio Free Acton: Discussing the Trump-Putin summit with Mihail Neamtu; Upstream on how to read
On this episode of Radio Free Acton, host Caroline Roberts speaks with Mihail Neamtu, Romanian conservative author, on the Trump-Putin summit, Russia’s economy, and what Trump should have prioritized at his meeting with Putin. Then, on the Upstream segment, Bruce Edward Walker talks to Peter Meilaender, Professor of political science at Houghton College, on literary criticism and how to best read a book. Check out these additional resources on this week’s podcast topics: Read “The Trump-Putin summit: A missed opportunity...
Why religion is a central pillar to the civil society
In an article for the Stanford Social Innovation Review, Kay Coles James, president of the Heritage Foundation, argues that “the health of a civil society is dependent on religious expression and liberty.” James is also the author of Transforming America from the Inside Out and has been featured by the Acton Institute before. Religion has always been a central aspect of civil society because it makes up a very significant portion of those cultural institutions that unite, inspire, and guide...
Adam Smith and the morality of commercial society
Over at Arc Digital today I take a look at Adam Smith’s moral teachings, particularly in light mercial society and Christian theology. This essay serves as a brief introduction to one of the Moral Markets projects I am working on, as well as a teaser for further exploration of the relationship between Christianity and classical political economy. As A.M.C. Waterman describes the developments following the publication of Smith’s Wealth of Nations (WN), “Whether Smith actually intended WN to be read...
30 key quotes from ‘Humanae vitae’ (Of human life)
Fifty years ago this week, Pope Paul VI released Humanae Vitae, an encyclical on marital love, responsible parenthood, and artificial contraception. Because contraception profoundly influences so many areas of life—from the family to national policies—this statement on human anthropology and sexuality has e a one of the most significant documents of Catholic social thought. In honor of the anniversary, here are 30 key quotes from the papal encyclical: The transmission of human life is a most serious role in which...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved