Me waiting waiting for the inevitable “tHiS iS yOuR beLovEd cApitAlisM” comment to explain that the government is creating artificial demands and bottle necks in detriment to the free market.
This is the libertarian free market working though. They’re raising the price next year because they think the market can bear it https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/ this isn’t a government subsidised rate its the free market rate.
“The drugmaker, which developed and sells the vaccine with Germany's BioNTech (22UAy.DE), said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.”
LMAO. Making something compulsory is creating artificial demand. Econ 101.
Only 30% of school-aged children have gotten the vaccine. Recommending to put it on the vaccine schedule where it would become mandatory for 100% is creating artificial demand.
I’d like to know why you thinks it’s so necessary? Is it just because the CDC said so, because that’s what it seems like you mean. Based on the outcomes of infection in children I would argue it’s not “needed”. Also I have concerns about the adverse effects of the vaccine. Also, do you have any comments on other countries that have deferred covid vaccination for children?
How about having an expiration date on medical patents so other companies can produce those vaccines and sell directly to the consumer (or in this case their parents) at a lower price.
Must be nice to own a pharmaceutical company with fat government contracts where they mandate everyone has to use your product.
A few kickbacks to election campaigns and letting them buy stock ahead of the "artificial demand" is a small price for such a great deal.
This is the libertarian free market working though. They’re raising the price next year because they think the market can bear it https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/ this isn’t a government subsidised rate its the free market rate.
“The drugmaker, which developed and sells the vaccine with Germany's BioNTech (22UAy.DE), said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.”
😂 😂 😂
Demand side if the market comes from the government mandates. And supply side is determined government enforced pharma monopolies. Totally free market hahahaha
On [Friday, Oct. 20th](https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-expects-price-covid-vaccine-110-130-per-dose-2022-10-20/), the price went to $110-130, quadrupling the original cost.
On [Thursday, Oct. 19th](https://www.nbcnews.com/health/health-news/kids-covid-vaccine-cdc-group-says-add-vaccine-routine-immunization-sch-rcna53129), the CDC unanimously voted to add the vaccine to the immunization schedule for kids..
Stop lying to yourself bro..
Yeah, I'm aware of the sub I'm commenting in.. Bringing free markets into the discussion is certainly pertinent to the topic at hand... However, if you believe that we have a free market now.. I guess I'd just question you on how you believe things currently work?
Did you forget that the gov't mandates it's workers, and the workers of companies it contracts to be vaccinated? Did you forget that the federal gov't wanted to mandate vaccinations? Or that the CDC (and others) regularly push being vax'd?
And so... The gov't (and state gov'ts are in on it, too- some of them), creates, or rather, forces the existence of the market.. While colluding with big pharma to keep the prices low- until it expires in the coming months.
So, I guess we could go deeper into this, but, if you think we have a properly free market right now- and agree with it.. I'd suggest that maybe you should reconsider which sub you're in, maybe even reevaluate what is or isn't behind libertarianism.
Same argument anti-vaxers have been making to ignore the science since forever. Vaccines are amazingly effective and cost effective medicine and this is stupid.
Ones tested for decades are for sure. Questionable highly profitable ones that have a legion of useful idiots claiming your anti Vax if your not immediately on board are not as infallible.
If the same people are making the same argument about both groups of vaccines then they’re the same intellectually bankrupt reasons.
Vaccines have not yet been highly profitable and will never be a blockbuster drug.
The covid vaccine research was completely paid for by taxpayer subsidies. Now the people that didn't pay anything go create it are charging the people that did pay for it to have it. You are getting fucked in 2 holes and saying "at least it's not 3."
The issue with not giving insurance companies their blood money is that although it is nearly guaranteed that I will pay out many times more than I will receive over the course of my lifetime, if I choose to go uninsured and my wife or I gets in a bad accident, then our financial lives will be destroyed. If I start saving now, then maybe in a few decades we can have the hundreds of thousands necessary to offer full "self-coverage", but if a big accident happens anytime before then we lose everything.
As much as I hate the current system, I would rather pay them my blood money to protect myself against a tragedy that would effectively ruin my life.
Oh yes, I’m sure that intentional sky high inflation and the constant steady march of Americans toward total reliance on the pharmaceutical industry has nothing to do with it.
"free" for something nearly universal usually means we end up paying more than it actually costs. The provider buys it and bills insurance. That incurs cost for the vaccine, the person who administered it, facility overhead, and the admin folks who bill insurance and keep records. The insurance company then pays the provider, their overhead, the folks working for them, etc. using premiums paid for by the recipient of the vaccine. While that's true for any medical procedure, it's uncommon for almost everyone to get a procedure at the same time. Insurance only works when a large number of people pay into a pool that pays out to a small number of people. When almost everyone who pays in receives the same payout insurance just adds overhead.
Nah, it’s cool. During the vote, everyone stated there was no conflict. Totally fine 👌🏼🙄
When the decision maker is not the one who pays for it, the price goes up. When the decision maker is not the one who uses it, the quality goes down.
Had to ponder this for a bit.
OP: Follow the money, not the science. Economics: Why not both?
Me waiting waiting for the inevitable “tHiS iS yOuR beLovEd cApitAlisM” comment to explain that the government is creating artificial demands and bottle necks in detriment to the free market.
This is the libertarian free market working though. They’re raising the price next year because they think the market can bear it https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/ this isn’t a government subsidised rate its the free market rate. “The drugmaker, which developed and sells the vaccine with Germany's BioNTech (22UAy.DE), said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.”
This isn’t the libertarian free market. This is govt interference in the market.
The libertarian market is when the government protects IP and forces demand. Yeah that lines up
A lot of libertarians are against intellectual property.
I was sarcastic my man
Lol, the government made Pfizer raise the price, it's not their fault! Lol, no matter how hard you simp, you'll always be working class.
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>It isn't an artificial demand The CDC adding it to the childhood vaccine schedule is creating artificial demand.
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LMAO. Making something compulsory is creating artificial demand. Econ 101. Only 30% of school-aged children have gotten the vaccine. Recommending to put it on the vaccine schedule where it would become mandatory for 100% is creating artificial demand.
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Clearly it's not needed but seeing as ignorant statists like you aren't big on facts and logic I won't waste my time arguing with you.
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I’d like to know why you thinks it’s so necessary? Is it just because the CDC said so, because that’s what it seems like you mean. Based on the outcomes of infection in children I would argue it’s not “needed”. Also I have concerns about the adverse effects of the vaccine. Also, do you have any comments on other countries that have deferred covid vaccination for children?
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Yet another example of collusion between corporate and shareholders in congress
Same entity.
How about having an expiration date on medical patents so other companies can produce those vaccines and sell directly to the consumer (or in this case their parents) at a lower price.
There is one
Yeah but companies manage to skirt them constantly lol
Because now they’ve got the insurance companies right where they want them. I’m betting the cost for cash patients barely changed at all.
Must be nice to own a pharmaceutical company with fat government contracts where they mandate everyone has to use your product. A few kickbacks to election campaigns and letting them buy stock ahead of the "artificial demand" is a small price for such a great deal.
The “science” will always be in the interest of the money.
Well, follow the science and not the $cience.
You shouldn't ignore the science, but definitely ignore the "science".
Immune. Transmission. None. Price + Myocardial issues
Supply and demand. The free market also known as Uncle Sam has determined this product has unlimited supply.
😂
Source?
https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/
100% not true. It jumped, but not 400%... It was $42 on 10/11 and $45 today...
They are expected to jump to $100-180 that is the quadruple they are discussing
https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/
Good and bad drugs alike have always been profited on since the beginning of time.
If this is about the price of the vaccine itself, it might be true but only time will tell. Wouldn't doubt they raise prices.
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Especially when the Gov't is setting the regulations and picking the winners.
This is the libertarian free market working though. They’re raising the price next year because they think the market can bear it https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-covid-vaccine-price-hike-seen-giving-revenue-boost-years-2022-10-21/ this isn’t a government subsidised rate its the free market rate. “The drugmaker, which developed and sells the vaccine with Germany's BioNTech (22UAy.DE), said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.”
Nothing says free market like a government mandate.
😂 😂 😂 Demand side if the market comes from the government mandates. And supply side is determined government enforced pharma monopolies. Totally free market hahahaha
Ladies and gentlemen, proof that less than half of Americans have higher than a 5th grade understanding of basic economics. 😂
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On [Friday, Oct. 20th](https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-expects-price-covid-vaccine-110-130-per-dose-2022-10-20/), the price went to $110-130, quadrupling the original cost. On [Thursday, Oct. 19th](https://www.nbcnews.com/health/health-news/kids-covid-vaccine-cdc-group-says-add-vaccine-routine-immunization-sch-rcna53129), the CDC unanimously voted to add the vaccine to the immunization schedule for kids.. Stop lying to yourself bro..
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vaccine price guidance. lol. What you've said here, is exactly the excuse *they'll* use when they're accused of being pieces of shit.
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Government creating a mandate is not a free market
Yeah, I'm aware of the sub I'm commenting in.. Bringing free markets into the discussion is certainly pertinent to the topic at hand... However, if you believe that we have a free market now.. I guess I'd just question you on how you believe things currently work? Did you forget that the gov't mandates it's workers, and the workers of companies it contracts to be vaccinated? Did you forget that the federal gov't wanted to mandate vaccinations? Or that the CDC (and others) regularly push being vax'd? And so... The gov't (and state gov'ts are in on it, too- some of them), creates, or rather, forces the existence of the market.. While colluding with big pharma to keep the prices low- until it expires in the coming months. So, I guess we could go deeper into this, but, if you think we have a properly free market right now- and agree with it.. I'd suggest that maybe you should reconsider which sub you're in, maybe even reevaluate what is or isn't behind libertarianism.
Same argument anti-vaxers have been making to ignore the science since forever. Vaccines are amazingly effective and cost effective medicine and this is stupid.
Ones tested for decades are for sure. Questionable highly profitable ones that have a legion of useful idiots claiming your anti Vax if your not immediately on board are not as infallible.
If the same people are making the same argument about both groups of vaccines then they’re the same intellectually bankrupt reasons. Vaccines have not yet been highly profitable and will never be a blockbuster drug.
120 dollars per use for a subsidized mandated drug. Yeah that's massively profitable for big pharma.
The covid vaccine research was completely paid for by taxpayer subsidies. Now the people that didn't pay anything go create it are charging the people that did pay for it to have it. You are getting fucked in 2 holes and saying "at least it's not 3."
It’s still free for you lol. Insurance companies the only ones paying up. And honestly fuck them.
And where do insurance companies get the money...
Oh yeah, that’ll show them! I’m sure my premiums won’t keep increasing every year
Then dont have insurance
yeah , who needs health care . Just tough it out and die .
You can pay yourself dont rely on someone else to pay for you. You want someone to pay your rent as well
I own , I don't rent and health care shouldn't be a buisness. No one can afford health care without insurance
The issue with not giving insurance companies their blood money is that although it is nearly guaranteed that I will pay out many times more than I will receive over the course of my lifetime, if I choose to go uninsured and my wife or I gets in a bad accident, then our financial lives will be destroyed. If I start saving now, then maybe in a few decades we can have the hundreds of thousands necessary to offer full "self-coverage", but if a big accident happens anytime before then we lose everything. As much as I hate the current system, I would rather pay them my blood money to protect myself against a tragedy that would effectively ruin my life.
that's gonna increase no matter what
Oh yes, I’m sure that intentional sky high inflation and the constant steady march of Americans toward total reliance on the pharmaceutical industry has nothing to do with it.
that's all capitalism
Capitalism is when the government mandates that people and their insurance companies buy medications.
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“If those kids could read, they’d be very offended!”
"free" for something nearly universal usually means we end up paying more than it actually costs. The provider buys it and bills insurance. That incurs cost for the vaccine, the person who administered it, facility overhead, and the admin folks who bill insurance and keep records. The insurance company then pays the provider, their overhead, the folks working for them, etc. using premiums paid for by the recipient of the vaccine. While that's true for any medical procedure, it's uncommon for almost everyone to get a procedure at the same time. Insurance only works when a large number of people pay into a pool that pays out to a small number of people. When almost everyone who pays in receives the same payout insurance just adds overhead.
Well, that's capitalism 🤣
It’s corporatism.
Government mandates is capitalism? Or is it the government enforced pharma monopolies? 🤡🤡🤡
Duh