Posted on 03/27/2023 2:42:16 PM PDT by nickcarraway
Federal Reserve Chair Jay Powell wasn’t the only one in the hot seat in Washington on Wednesday. Stephane Bancel, CEO of pharmaceutical company Moderna, was up on the Hill to testify in front of the Senate Committee on Health, Education, Labor and Pensions.
Members of Congress experienced severe sticker shock and were none too happy about the company’s recent announcement that it’s going to charge about $130 a shot for its COVID-19 vaccine after the national health emergency ends in May.
During the hearing, Sen. Bernie Sanders, an independent from Vermont, highlighted billions of dollars the U.S. government spent to help develop and roll out Moderna’s extremely profitable mRNA-based vaccine.
“This vaccine would not exist without [the National Institutes of Health’s] partnership and expertise and the substantial investment of the taxpayers of this country,” Sanders said.
The $130 refers to the list price of the vaccine, which is something of a starting point for negotiations, according to Richard Hughes, a partner at the law firm Epstein Becker Green. He was a Moderna executive until about a year ago.
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“No American who is not a health insurance company is going to see a $130 price tag for this vaccine,” he said, adding that government or private insurance will still cover the cost for most people.
“The government will continue to receive a very low price. And companies do negotiate discounts with payers,” he said.
Even so, when insurers pay more, so do their customers and taxpayer-funded programs like Medicare and Medicaid. Andrea Ducas, a senior program officer with the Robert Wood Johnson Foundation, said plenty of others are affected too.
“There’s still about 30 million people who don’t have health insurance,” she said. “And for those folks, they would be … unless there’s a patient assistance program, expected to pay out of pocket.”
Moderna’s Bancel said Wednesday that the company would ensure that anyone who wants a vaccine will be able to get one without cost being a barrier.
Additional reporting by Trina Mannino.
Excellent! Only $130 to shorten my life. Far cheaper than the equivalent amount of cigarettes or booze.
Who doesn’t believe that these COVID “vaccines” are poison?
Hey look, I saved $130 per dose!
Congress exempted itself from the ‘vaccine’ so they won’t care if we-the-people, whose tax payer dollars paid for the development/distribution of the vax are now charged $130 to get toxic biowarfare injections.
Moderna NEVER had product until the FDA, CDC, and Congress
began their genocide against America and its children.
NO product ever before these murders.
of course the elite, their staff and children
at FDA, CDC, Moderna, Pfizer and Congress
were exempt — and shielded, from the mandated poisons.
Accountability = 0.0.
when electric benches would
be more appropriate.
They ought to charge $10000.00 for it.
Evidently a lot of folks bought the CONvid lie. We remain “NON GMO”. 🔬🤔😵🚫😷💉🐎💩
They can take their clot shots and shove them up their azz!!
What kind of an idiot do you have to be to still be injecting that poison into yourself?
Not a bad price for protracted suicide.
Never got the clot shot nor any of the 17 boosters. Do I get a $2340 rebate check?
It is to the point that I would not trust any injection. Too many from Bill Gates to CDC clerks have discussed putting the Vax into many common injections. I now am very skeptical about having to be admitted to a hospital for similar reasons.
I’d rather spend the money on cigarettes & booze, live longer and have more happy moments.
LOL. They do exist. We know of one that has had I believe five clot shots and claims that when he got covid that’s what saved his life. Die hard professional scaredy cats, which are mainly dem voters, fall for this line of BS. They can be fooled into anything and believe the govt is there to save their rears.
“Moderna Will Charge Around $130 for its COVID Vaccine — and Congress Isn’t Too Happy”
Moderna Will Charge Around $130 for its COVID Vaccine — and Congress Isn’t Too Happy because their cut isn’t high enough
There, fixed it
I pretty sure their strategy is to just throw out this big number so that the government-sponsored/taxpayer-funded “free” Fauci Flu shots will continue to provide a consistent revenue stream ... right up through the upcoming election.
Moderna already made their money on this cr**.
Must not be getting their cut anymore.
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