Moderna Faces Backlash for Plans to Markup COVID Vaccine by 4,000 Percent

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Moderna Faces Backlash for Plans to Markup COVID Vaccine by 4,000 Percent
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Moderna have hiked the price of their COVID vaccine by 4000% despite the fact that billions of taxpayer dollars went into the development of mRNA vaccines.

that “as early as January 2023, the administration anticipates no longer having federal funds to purchase or distribute vaccines and will need to transition these activities to the commercial market, similar to seasonal flu or other commercially available vaccines.”Tuesday that “the federal government has paid far less for the company’s vaccine than the potential price for commercial insurers.

“The suggested average price for Covid-19 vaccines after commercialization is significantly higher than the commercial price for the annual flu vaccine , and could be a cost barrier for the uninsured and underinsured, who have no guaranteed mechanism for receiving COVID-19 vaccines once federal supplies are depleted,” KFF observed.

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