Pfizer CEO claims 400% worth hike on COVID vaccines might be “free”

Pfizer CEO Albert Bourla talks during a press conference with the European Commission president after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of US pharmaceutical company Pfizer, in Puurs, on April 23, 2021.

Enlarge / Pfizer CEO Albert Bourla talks throughout a press convention with the European Fee president after a go to to supervise the manufacturing of the Pfizer-BioNtech COVID-19 vaccine on the manufacturing facility of US pharmaceutical firm Pfizer, in Puurs, on April 23, 2021. (credit score: Getty | John Thys)

Pfizer CEO Albert Bourla claimed at a information occasion final week that the corporate’s COVID-19 vaccines will proceed to be “free to all People,” regardless of the corporate’s plan to lift the worth of the vaccine roughly 400 %—a worth distinction that might be picked up by well being insurers.

The corporate stated in October that it plans to lift the worth of a dose of its COVID-19 vaccine from about $30 to someplace between $110 and $130 because it strikes the photographs to the industrial market subsequent yr.

Till now, all COVID-19 vaccines within the US have been purchased by the US authorities, which paid $30.48 per dose in its newest vaccine provide settlement from June. The US authorities had beforehand paid $24 per dose in July 2021 and $19.50 per dose in July 2020. The federal government provided all of the doses to People totally free.

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