Moderna's virus vaccine costs far more than rival treatments

[Yeochief]

https://www.msn.com/en-us/money/news/moderna-s-virus-vaccine-costs-far-more-than-rival-treatments/ar-BB17CikE?ocid=msedgntp

United States government has already given Moderna nearly 1 billion dollars, seems like the two shoot requirement should be free.  My taxes are paying for all the work they are doing. 

 

[Old55]

8 minutes ago, Yeochief said:

https://www.msn.com/en-us/money/news/moderna-s-virus-vaccine-costs-far-more-than-rival-treatments/ar-BB17CikE?ocid=msedgntp

United States government has already given Moderna nearly 1 billion dollars, seems like the two shoot requirement should be free.  My taxes are paying for all the work they are doing. 

 

If it works well then a good value. Yes, one would expect no profit to Moderna if taxpayer funded.

[OnMyWay]

2 hours ago, Yeochief said:

https://www.msn.com/en-us/money/news/moderna-s-virus-vaccine-costs-far-more-than-rival-treatments/ar-BB17CikE?ocid=msedgntp

United States government has already given Moderna nearly 1 billion dollars, seems like the two shoot requirement should be free.  My taxes are paying for all the work they are doing. 

 

$1 billion / $74 = about 13.5 million people vacinated.

I agree that it could / should be cheaper in such mass quantities and with government support, but we don't know the true costs behind it, research, production, etc.  So what is a fair price?

For some perspective, flu shots in the Philippines are typically p1500-2000, $30-40 this year.  You can find them at pharmacies for $10-15.  Pneumonia vaccines are going for p3000-5000, $60-100.

Of course, many poor people get basic vacs for free in some barangays.

[OnMyWay]

Related article:

https://www.cnbc.com/2020/08/05/moderna-is-pricing-coronavirus-vaccine-at-32-to-37-per-dose-for-some-customers.html?recirc=taboolainternal

[Jollygoodfellow]

On 8/6/2020 at 9:40 AM, Yeochief said:

United States government has already given Moderna nearly 1 billion dollars, seems like the two shoot requirement should be free.  My taxes are paying for all the work they are doing. 

WOW, I never realised how wealthy some of our members are. You must be earning a fortune to be paying enough tax to fund this on your own. I salute you for your kindness.

 Just having fun 

[Joey G]

At this juncture, I'd give back the $1200 they gave me if it worked... but $74 is cheap... thats about the same price we "pay for a mass" for All Souls Day and Christmas... and also about the same for every funeral for a 1st-5th cousin... 

[scott h]

1 hour ago, Joey G said:

but $74 is cheap..

call me an ole fashion ugly American, imperialistic running dog yankee......... ill pay the 74 bucks for a USA approved vaccine instead of a vaccine for free thats made in china 

[Mike J]

59 minutes ago, scott h said:

call me an ole fashion ugly American, imperialistic running dog yankee......... ill pay the 74 bucks for a USA approved vaccine instead of a vaccine for free thats made in china 

I wonder which vaccines will be available here?   Our choices may be limited.

[scott h]

15 minutes ago, Mike J said:

Our choices may be limited.

Keeping my eyes on flights to Guam 

[BC57]

On 8/6/2020 at 9:40 AM, Yeochief said:

https://www.msn.com/en-us/money/news/moderna-s-virus-vaccine-costs-far-more-than-rival-treatments/ar-BB17CikE?ocid=msedgntp

United States government has already given Moderna nearly 1 billion dollars, seems like the two shoot requirement should be free.  My taxes are paying for all the work they are doing. 

 

Nothing like taking advantage of the situation by charging a high dollar amount for the vaccine. Next up, anyone that is paying for insurance will surely get an premium increase.