Pfizer plans to sell Covid vaccines at $110 to $130 per dose in the U.S. starting next year

[onthedarkside]

 

The estimated price tag is the list price, meaning people with health insurance are likely to pay only a fraction of that cost or nothing at all

 

Pfizer plans to sell the Covid vaccine it developed with BioNTech at $110 to $130 per dose for teens and adults once the U.S. government stops paying for them, the drugmaker said Friday.

 

The estimated price for Pfizer’s shot is in line with other adult vaccinations, such as for hepatitis and shingles, which can range from as little as $13 to more than $200, according to the Centers for Disease Control and Prevention. 

 

The $110 to $130 price tag is the list price, meaning people with Medicare or private health insurance would most likely pay only a fraction of that cost or nothing at all, said Cynthia Cox, vice president and director for the program on the Affordable Care Act for KFF, also known as the Kaiser Family Foundation.

...

Cox said that once the federal government stops paying for the shots, people will most likely need to get the shots administered at an in-network pharmacy or clinic; otherwise, they might be on the hook for the full list price. 

 

(more)

 

https://www.nbcnews.com/health/health-news/pfizer-plans-sell-covid-vaccines-110-130-dose-rcna53382

 

 

 

Also:

 

Pfizer to charge $110-$130 a dose for COVID vaccines

Pfizer plans to charge $110 to $130 per dose for its COVID-19 vaccine once government purchases end next year, the drugmaker's U.S. president said on an investor call Thursday.

 

The big picture: Weak demand for the shots and private market pressures were expected to cost manufacturers billions once government purchases end. Price increases, while expected, could lead to higher insurance premiums.

 

The government now pays about $30 a dose to Pfizer and its partner BioNTech.

 

Driving the news: Angela Lukin, Pfizer's global primary care and U.S. president, said on the investor call that the new private market pricing "reflects the value this vaccine has brought to society" and was "well below the thresholds for what would be considered a highly cost effective vaccine."

 

(more)

 

https://www.axios.com/2022/10/21/pfizer-hike-cost-covid-shot

 

 

 

[Credo]

That seems like a hefty price tag.  I wonder if it is in line with what vaccines actually cost?  

 

It will be interesting to see if the US pays the list price and then most of the world gets huge amounts of vaccine at a greatly reduced price or free.  

 

 

[Longwood50]

The choice is yours.  If you don't want to get the vaccine because you believe it is too expensive.  Don't buy it.  The fact is Pfizer spent millions in developing the vaccine with no guarantee that it would come up with something that was effective. 

No one asks what Iphone priced at  45,000 - 60,000 baht cost to make and accuse Apple of gouging.  What does it cost to make a Louis Vuitton purse costing 100,000 baht or more.  

There seems to be this notion that somehow that pharmaceutical companies are suppose to invent medicines for free is nonsense.  Companies whether drug companies, car companies, food producers, clothing companies etc all invest their money with the "hope" that they can make a profit.  If the price of their product is not competitive, another company will come along and replace them with alternatives.  That is the way the free marketplace works. 

Merck spent millions of Covid vaccine research and came up with nothing.  Mandating that successful pharmaceutical companies take risks and then if successful have their ability to market their products at prices they establish is the quickest way to ensure that no new medicines are forthcoming.  That would mean a pharmaceutical company would invest millions and if unsuccessful take the loss but if they come up with an effective drug have its price mandated to limit or eliminate future profits.  Farmers grow food because they can make a profit. Apparel companies make clothing to make a profit. Petroleum companies drill, transport, and refine oil to make a profit. The same with drug companies.  

[BritManToo]

35 minutes ago, Longwood50 said:

If you don't want to get the vaccine because you believe it is too expensive.  Don't buy it. 

No one asks what Iphone priced at  45,000 - 60,000 baht cost to make and accuse Apple of gouging.

I don't want to buy the vaccine because it doesn't work.

I wouldn't buy an Iphone that didn't work either!

Edited October 24, 2022 by BritManToo

[KhunBENQ]

2 hours ago, Longwood50 said:

The fact is Pfizer spent millions in developing the vaccine with no guarantee that it would come up with something that was effective. 

Quote

Pfizer made nearly $37bn (£27bn) in sales from its Covid-19 vaccine last year – making it one of the most lucrative products in history – and has forecast another bumper year in 2022, with a big boost coming from its Covid-19 pill Paxlovid.

Where I can I donate to Pfizer

https://www.theguardian.com/business/2022/feb/08/pfizer-covid-vaccine-pill-profits-sales

[Neeranam]

barstewards

[KhunLA]

DARPA ... for those that can think for themselves

[Longwood50]

5 hours ago, KhunBENQ said:

Pfizer made nearly $37bn (£27bn) in sales from its Covid-19 vaccine last year – making it one of the most lucrative products in history – and has forecast another bumper year in 2022, with a big boost coming from its Covid-19 pill

And would you be happier if Pfizer had not invented its vaccine and more people died?  It invested millions into the "potential" that it could come up with an effective vaccine.  Elon Musk invested millions betting that electric cars were the future.  Bill Gates made billions with software that enhanced the ability of computers. Jeff Bezos invested millions and made billions bringing products to peoples doors. 

That is how capitalism works.  People take risks, invest their money and only the successful ones are rewarded.  Note there were many other companies who similarly invested millions into Covid vaccine development and got zero.  So are you the ultimate socialist where if the product is unsuccessful the company bears the loss but if the product is effective you want to take away the profit of the successful.  If you don't want the vaccine, punish them and don't buy it 

[TorquayFan]

This is clearly blatant profiteering from Pfizer who currently are being questioned by the EU relating to their first version of the Covid vaccine in 2020 (with BioNTech).

 

Edited October 27, 2022 by onthedarkside
off topic diversion comments removed

[stevenl]

4 hours ago, TorquayFan said:

This is clearly blatant profiteering from Pfizer who currently are being questioned by the EU relating to their first version of the Covid vaccine in 2020 (with BioNTech).

 

 

The purpose of the vacinnes was preventing deaths and reducing hospitalisations.

They did and are doing the job.

[AddyA]

4 hours ago, stevenl said:

The purpose of the vacinnes was preventing deaths and reducing hospitalisations.

They did and are doing the job.

The original message was that the vaccine would stop you contracting and spreading the virus. Some might say that was misleading information to get folks jabbed. Other might see it as fake news. 

[Chomper Higgot]

4 minutes ago, AddyA said:

The original message was that the vaccine would stop you contracting and spreading the virus. Some might say that was misleading information to get folks jabbed. Other might see it as fake news. 

Some might see it as revisionism.

 

There we’re multiple ‘messages’ pick the one that suits your purpose.

[onthedarkside]

A post has been removed per the request of the author, along with two ensuing replies.