After the U.S. public health emergency ends, Pfizer plans to hike the price of the COVID-19 vaccine in the US by 400 percent.
According to the company's president in the United States, Angela Lukin, Pfizer intends to increase the cost of its COVID-19 vaccines in the country by up to four times after Washington's purchase plan ends.
The US government currently offers all Americans a free COVID-19 vaccination. When the U.S. public health emergency ends, private insurance will take over as the primary source of COVID-19 vaccine coverage. The Pfizer vaccination costs the federal government about $30 each dosage. Lukin anticipates that a dose will cost between $110 and $130 when the government purchasing scheme ends.
“We are confident that the U.S. price point of the COVID-19 vaccine reflects its overall cost-effectiveness and ensures the price will not be a barrier for access for patients,” Lukin said, according to Reuters.
By the first quarter of 2023, "at the earliest," ...
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