Explains it all!
Posted on 10/21/2022 7:12:10 AM PDT by lightman
Pfizer is looking to raise the price of its COVID-19 vaccines in the United States by up to four times once Washington’s purchase program ends, according to the company’s U.S. president, Angela Lukin.
Pfizer’s COVID-19 vaccine is presently provided free for all Americans by the U.S. government. Next year, when the U.S. public health emergency expires, the COVID-19 vaccine market will move to private insurance. The federal government is paying roughly $30 per dose for the Pfizer vaccine. When the government purchase program shuts down, Lukin expects a dose to be priced around $110 to $130.
“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.
The Pfizer executive is expecting the vaccine purchase to transfer to the private sector, “at the earliest,” by first quarter 2023. According to Lukin, the vaccine will continue to be available for free for people who have government or private insurance.
In 2021, Pfizer made almost $37 billion through COVID-19 vaccine sales, with overall revenues doubling, to $81.3 billion. The company is expecting revenues to reach $98 billion to $102 billion this year.
According to the UK-based organization Global Justice Now, Pfizer’s COVID-19 shot was developed by BioNTech and supported by a €375 million ($366 million) grant from the German government and €100 million ($97 million) in debt financing from the European Investment Bank, a publicly owned entity.
“We’ve let Pfizer withhold this essential medical innovation from much of the world, all the while ripping off public health systems with an eye-watering mark-up,” said Tim Bierley, a pharmaceutical campaigner at the group, according to The Guardian. Shrinking Market, Vaccine Dangers
As fewer people take COVID-19 shots, vaccine manufacturers will have to raise prices significantly to meet revenue expectations that Wall Street has for 2023 and the years ahead.
Many experts were expecting the number of annual COVID-19 shots to be in line with the annual flu vaccine. In the United States, 160 million flu shots are administered every year. However, as many Americans are becoming reluctant to get COVID-19 shots, expectations of market size have tempered.
“The fact that you have people saying the pandemic is over doesn’t motivate people to get vaccinated,” Dr. Bruce Farber, chief of public health and epidemiology for New York hospital system Northwell Health, said to Reuters.
There are also growing worries about the potential side effects of the COVID-19 vaccines, which could dampen the market.
Recently, Florida Surgeon General Dr. Joseph A. Ladapo issued new guidance on mRNA COVID-19 vaccines like those manufactured by Pfizer. The guidance recommended males between the ages of 18 and 39 against taking such shots, warning about an increased risk of cardiac-related death.
Meanwhile, Pfizer has submitted a request to the Food and Drug Administration to grant Emergency Use Authorization for COVID-19 vaccine boosters for children as young as five.
Explains it all!
Nuremberg 2.0 cannot come soon enough.
21st Century Robber Barrons = Big Pharma and Big Tech
The high price of dying is always going up. In this case, death by clot shot is rising too. You will leave nothing to your heirs, and they will like it. Along with liking, eating the WEF brand of discount bugs, they can find in the meat aisle of their local bodegas and 7-11s.
It’s like lottery tickets. It’s a tax on the stupid.
Scare ‘em all to get the jab while they can still afford it?
Burning down all of this shiite will be glorious.
I guess we aren’t all in this together. A third of businesses destroyed, everyone else had to close and take a financial hit for the greater good. Pfizer should have all profits stripped away besides the direct costs, not a penny of profit.
I can’t even afford Myocarditis anymore.
Because too much is never enough.
Greed has no boundaries.
Beware the medical industrial complex.
Wait. How do they know when this ‘emergency’ ends?
Pfizer’s COVID-19 vaccine is presently provided free for all Americans by the U.S. government. Next year, when the U.S. public health emergency expires, the COVID-19 vaccine market will move to private insurance. The federal government is paying roughly $30 per dose for the Pfizer vaccine. When the government purchase program shuts down, Lukin expects a dose to be priced around $110 to $130.
—
It’s a “public / private partnership”, AKA fascism / corporatism.
when you have the CDC voting 15-0 to include the Covid shot in the infant immunization schedule, with *no* clinical data to support the decision, you have a CDC which has ben captured and corrupted by Big Pharma. It *is* Big Pharma and now the agency acts as nothing more than a rubber stamp to feign legitimacy of the actions being directed by Big Pharma.
How is this NOT
Price Gouging.?
I thought there were laws against that.
A DAY after CDC makes it part of school vax schedule.
400 percent increase.
That’s a classic price gouge
RiHt after the cdc pretty much makes it mandatory for school kids to be I jetted agaisnt their will too... gosh, didn’t see this coming /s
Ended for us about 2 years ago. Of course gov sissypants of nevaDUH kept his edict in place for us until just recently. I looked over what the gov’s powers are under the decleration....almost no limits on what the gov can decree and do to the citizens under the act. Simply issue a memo and voila! Weight of law.
When tEre are no more profits to be liked from the public... which it looks like that will be a long time from now
+1
The Buy-O-Medical Pharmaceutical complex.
Wow! What a coincidence.
not
I’m so good at investing that I’m saving 400%.
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