Pfizer CEO claims 400% price hike on COVID vaccines will be “free”
Enlarge / 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. (credit: Getty | John Thys)
Pfizer CEO Albert Bourla claimed at a news event last week that the company's COVID-19 vaccines will continue to be "free to all Americans," despite the company's plan to raise the price of the vaccine roughly 400 percent-a price difference that will be picked up by health insurers.
The company said in October that it plans to raise the price of a dose of its COVID-19 vaccine from about $30 to somewhere between $110 and $130 as it moves the shots to the commercial market next year.
Until now, all COVID-19 vaccines in the US have been bought by the US government, which paid $30.48 per dose in its latest vaccine supply agreement from June. The US government had previously paid $24 per dose in July 2021 and $19.50 per dose in July 2020. The government offered all the doses to Americans for free.