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Moderna CEO: 400% price hike on COVID vaccine consistent with the value
Moderna Drops 400% Vax Price Hike After Bernie Promised to Grill CEO

ShazzieB
(22,582 posts)AllaN01Bear
(29,486 posts)aggree.
TheBlackAdder
(29,981 posts)MiHale
(13,032 posts)On my iPad its the smiling face at the bottom of the digital keyboard.
🥔 potato
🔥🥔 woulda been another way.
ShazzieB
(22,582 posts)I have a whole bunch of other emojis, all built into my keyboard. If I happen to type a word that corresponds to one of the emojis, autocorrect gives the emoji as one of the options. That's what happened with the potato. I typed the word potato, the 🥔 emoji popped up, and I selected it. 😁
Stinky The Clown
(68,952 posts)snippity
Moderna says its COVID vaccine will remain free for consumers, even those uninsured
ByAnne Flaherty ABCNews logo
Wednesday, February 15, 2023 4:45PM
Moderna will keep its COVID vaccine on the market at no cost to consumers, even after the federal government stops paying for it, the company announced Wednesday.
"Everyone in the United States will have access to Moderna's COVID-19 vaccine regardless of their ability to pay," the company said in a statement.
Last month, the vaccine maker was slammed for reportedly considering a dramatic price increase for the shot, which it had developed with the help of the federal government.
The proposal was also bad timing: The Biden administration was moving toward ending its designation of a public health emergencyon May 11, which meant that federal funding for vaccines would soon dry up and uninsured Americans would have to pay out of pocket for their boosters.
snip
FakeNoose
(41,631 posts)Marthe48
(23,175 posts)Meglaomania is hoarding of money. Period. You will never get my jar of pennies, so all of you megalomaniacs out there, just resign yourself that you will NEVER get all the money in the world.
Thank you again, Senator Sanders. Sanity rules the day
peppertree
(23,336 posts)He means business to stop its monkey business.
moose65
(3,454 posts)However, I've seen more math illiteracy on this issue. The price did not quadruple - it was actually multiplied by 5, not 4.
A "400% increase" doesn't mean that the amount quadrupled. If an amount quadruples, that's a 300% increase.
- from your friendly neighborhood picky math teacher.
ShazzieB
(22,582 posts)But most people dont know what that word means either!
KS Toronado
(23,727 posts)So a fifth of $130 or $26 was the original price? Always have disliked when journalists use percentages,
they can hide the truth or exaggerate it, why not plain old facts & figures for us simple minded people?
moose65
(3,454 posts)The price went from $26 to $130.
progressoid
(53,179 posts)orangecrush
(30,252 posts)To Bernie!
liberalla
(11,088 posts)TexasTowelie
(127,341 posts)why does everyone else get credit for what he does.
murielm99
(32,988 posts)When it happens on a Democratic website? SMH.
SunSeeker
(58,283 posts)Lucky Luciano
(11,863 posts)The Bernie hate is real.
TexasTowelie
(127,341 posts)How did you infer or imply that from my statement? Read it again because all I said was, "Thank you, President Joe Biden."
Malmsy
(339 posts)He is a proud Democrat.
Lucky Luciano
(11,863 posts)who caused Moderna to back down. Hint: his name is in the OP thread title.
Malmsy
(339 posts)Hint: the OP is praising Democrats being in charge.
TexasTowelie
(127,341 posts)Charge" and President Joe Biden is the Democrat that is in charge. My original post in this thread simply acknowledges that fact.
BTW, did the CEO of Moderna say he was backing off the price increase because of Bernie? I have not read a quote from the CEO crediting Bernie for halting the price increase.
Malmsy
(339 posts)It apparently wasn't fear of testifying before the the Senate and Sanders that caused the price reversal.
https://www.commondreams.org/newswire/news-moderna-ceo-agrees-to-testify-in-senate-help-committee
And Sanders wasn't the only one criticizing Moderna for the price increase, so there's that.
betsuni
(29,076 posts)If the Moderna CEO said that this week I can't find it anywhere.
Pfizer has had assistance programs for the uninsured for years, announced last month free COVID vaccines after May. Moderna has done the same. The Biden administration requested Congress fund programs to provide free vaccinations for the uninsured (children already covered but not adults).
I can't see any reversals. I wish I could see the full Moderna CEO quotes but can't find them. As far as I can tell, the price will be raised and insurance companies will pay them, not the insured or uninsured eligible for assistance programs. Maybe more information will come out about it.
lapucelle
(21,061 posts)The real question is why the funds requested by President Biden to replenish the vaccine stockpile didn't make it into the omnibus package.
It was always obvious that without a guaranteed market, costs to vaccine providers were likely to increase. And FWIW, not a single legislator voted against or withheld a vote because the covid relief provisions were stripped from the bill.
While a replenishment of the vaccine stockpile was not funded, the omnibus bill did provide for $8,500,000,000 to purchase additional F-35 fighter jets from Lockheed Martin.
Go figure.
==========================================================================
https://www.whitehouse.gov/wp-content/uploads/2022/09/Summary-of-Funding-Request-to-Meet-Critical-Needs.pdf
https://www.whitehouse.gov/wp-content/uploads/2022/09/CR_Package_9-2-22.pdf
https://rollcall.com/2022/03/09/covid-19-aid-to-be-stripped-from-omnibus-package/
https://www.pbs.org/newshour/politics/house-democrats-abandon-covid-spending-plans-in-hopes-of-clearing-path-for-1-5-trillion-omnibus-bill
https://www.kff.org/coronavirus-covid-19/issue-brief/commercialization-of-covid-19-vaccines-treatments-and-tests-implications-for-access-and-coverage/#table1
https://www.scientificamerican.com/article/era-of-free-covid-vaccines-test-kits-and-treatments-is-ending-who-will-pay-the-tab-now/
https://www.nytimes.com/article/spending-bill-fy23-congress.html
ColinC
(11,098 posts)It couldnt be done if they didnt work as a team
LetMyPeopleVote
(179,830 posts)We need more direct, stark and humiliating call-outs like this, a steady diet of heres the hypocrisy for the public.
mjvpi
(1,931 posts)If you are Woke, you see profiteering in health care as moral bankruptcy.
CrispyQ
(40,969 posts)Nothing's sacred in our predatory capitalistic system. .
mjvpi
(1,931 posts)The people who dedicate their lives to the science, research, distribution and application of advancing public health should become comfortably wealthy. If youre Woke you know what obscene profit looks like.
CrispyQ
(40,969 posts)
Hermit-The-Prog
(36,631 posts)geardaddy
(25,392 posts)republianmushroom
(22,323 posts)Moderna says its COVID vaccine will remain free for all consumers, even those uninsured
Question what is 400% of "FREE" ?
appalachiablue
(44,022 posts)whathehell
(30,468 posts)YES!
jaxexpat
(7,794 posts)role when he retires? We lost Paul Wellstone and ran Al Franken off for nothing. Bernie gets ears and eyes and people thinking about possibilities and identifying the enemy. Is there anyone else that does that? Have we trained, too well, Democratic politicians that politeness is first and foremost? You can't fight an enemy that remains unidentified.
Magoo48
(6,721 posts)Thanks Bernie.
jaxexpat
(7,794 posts)The worthies in the house are pretty busy just countering the maga infection there.
dickthegrouch
(4,516 posts)Luciferous
(6,586 posts)Lucky Luciano
(11,863 posts)Katie is top shelf indeed!
One of the best at calling out bullshit.
Wild blueberry
(8,295 posts)Paper Roses
(7,632 posts)It is discouraging to be in a position to worry about things like this. If you are rich, what's another few $$$? To the rest of us, every dollar counts.
Martin68
(27,741 posts)PatSeg
(53,214 posts)Glad they reversed that price hike. How much money is enough for these people?
markodochartaigh
(5,545 posts)I will miss the smell of grilled ceo.
betsuni
(29,076 posts)Both say the insured won't pay for vaccines as usual (insurance companies pick up the increased cost) and both have patient assistance programs where the uninsured can get the vaccine free, but didn't see anything saying they aren't raising prices after May 11. Does anyone know?
AZLD4Candidate
(6,780 posts)