According to US News, a Pfizer official stated that those who would receive its vaccine for free would likely include those with public health insurance programs such as Medicare or Medicaid as well as those with private health insurance.
As part of the Affordable Care Act, insurance providers must cover recommended immunizations. Pfizer also offers a financial help program for qualified U.S. citizens. The AP reports that the U.S. government is likely to cease purchasing and distributing the doses sometime in 2019.
In June, Pfizer boosted its price per dose charged to the U.S. government from $19.50 per dose last year to almost $30 each injection. According to a report by the Associated Press, the corporation reportedly has three pricing tiers worldwide, depending on a country’s financial position.
Angela Lukin, a Pfizer executive, said last week that the new price incorporates both commercial distribution expenses and the changeover to single-dose vials, as reported by the Associated Press. This is far lower than predicted “for what would be called a highly successful vaccine,” Lukin explained.
AP reported that annual flu shots cost between $50 and $95, depending on the type, according to CVS Health. The Pfizer vaccine, which consists of two initial doses, is the most regularly administered COVID-19 vaccination in the United States.
Since late 2020, Americans have received 375 million doses of the original Pfizer vaccine and 41 million doses of an updated booster shot, according to CDC data.
According to FactSet, the company’s shooting revenue was $36.8 billion last year and is projected to be $32 billion this year. After then, sales are projected to decline, according to the AP.