Posted on Feb 8, 2023
COVID test kits, treatments and vaccines won't be free to many consumers much longer
583
22
8
8
8
0
Posted >1 y ago
Responses: 3
PO1 William "Chip" Nagel
..."COVID vaccine makers are poised to raise prices
Take vaccines. Until now, the federal government has been purchasing COVID-19 shots. It recently bought 105 million doses of the Pfizer-BioNTech bivalent booster for about $30.48 a dose, and 66 million doses of Moderna's version for $26.36 a dose. (These are among the companies that developed the first COVID vaccines sold in the United States.)
People will be able to get these vaccines at low or no cost as long as the government-purchased supplies last. But even before the end date for the public emergency was set, Congress opted not to provide more money to increase the government's dwindling stockpile. As a result, Pfizer and Moderna were already planning their moves into the commercial market. Both have indicated that as soon as that happens, they will raise the price they charge, somewhere in the range of $110 to $130 per dose, though insurers and government health programs could negotiate lower rates.
"We see a double-digit billion[-dollar] market opportunity," investors were told at a JPMorgan conference in San Francisco recently by Ryan Richardson, chief strategy officer for BioNTech. The company expects a gross price — the full price before any discounts — of $110 a dose, which, Richardson said, "is more than justified from a health economics perspective."...
..."COVID vaccine makers are poised to raise prices
Take vaccines. Until now, the federal government has been purchasing COVID-19 shots. It recently bought 105 million doses of the Pfizer-BioNTech bivalent booster for about $30.48 a dose, and 66 million doses of Moderna's version for $26.36 a dose. (These are among the companies that developed the first COVID vaccines sold in the United States.)
People will be able to get these vaccines at low or no cost as long as the government-purchased supplies last. But even before the end date for the public emergency was set, Congress opted not to provide more money to increase the government's dwindling stockpile. As a result, Pfizer and Moderna were already planning their moves into the commercial market. Both have indicated that as soon as that happens, they will raise the price they charge, somewhere in the range of $110 to $130 per dose, though insurers and government health programs could negotiate lower rates.
"We see a double-digit billion[-dollar] market opportunity," investors were told at a JPMorgan conference in San Francisco recently by Ryan Richardson, chief strategy officer for BioNTech. The company expects a gross price — the full price before any discounts — of $110 a dose, which, Richardson said, "is more than justified from a health economics perspective."...
(2)
(0)
PO1 William "Chip" Nagel
MSG (Join to see) One of My Coworkers and His Entire Family is Self Isolating, All Very Sick with Covid!
(1)
(0)
MSG (Join to see)
PO1 William "Chip" Nagel - Dang, that sucks! I guess I'm one of the lucky ones who never get ill from it. Hope they get well soon.
(1)
(0)
Lt Col John (Jack) Christensen
Ya it is. Had to get lab work yesterday and they required a mask. Doctor's appointment next week and they've already let me know mask is required.
(2)
(0)
Read This Next