Global Statistics

All countries
546,626,378
Confirmed
Updated on June 23, 2022 2:34 am
All countries
519,064,383
Recovered
Updated on June 23, 2022 2:34 am
All countries
6,345,658
Deaths
Updated on June 23, 2022 2:34 am

Global Statistics

All countries
546,626,378
Confirmed
Updated on June 23, 2022 2:34 am
All countries
519,064,383
Recovered
Updated on June 23, 2022 2:34 am
All countries
6,345,658
Deaths
Updated on June 23, 2022 2:34 am
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How Much Is The Government Paying For Covid Vaccine

Paying Australians $300 To Get Vaccinated Would Be Value For Money

Is the U.S. government paying twice for coronavirus vaccine?

Opposition leader Anthony Albanese wants to pay $300 to every Australian who is fully vaccinated by December 1, and he might be on the right track.

The Grattan Institute is on a similar theme. It has proposed a $80 million lottery, paying out $10 million per week to 10 people from Melbourne Cup day. Everyone who has been vaccinated once gets one ticket. Anyone vaccinated with both doses gets double the chance. The costs are tiny compared to what’s at stake.

Treasury modelling released on Tuesday puts the cost of Australia-wide lockdown at $3.2 billion per week.

Paying people to get vaccinated fits the government’s criteria of a response that’s “temporary, targeted and proportionate”.

And the published research on small payments shows they are extraordinarily effective, often more effective than big ones.

A few years back, Ulrike Malmendier and Klaus Schmidt of US National Bureau of Economic Research discovered that a small gift persuaded the subject of an experiment to award contracts to one of two fictional companies 68 per cent of the time instead of the expected 50 per cent.

Much Of Singapore’s Population Is Vaccinated

Singapore has one of the highest vaccination rates in the world. As of Sunday, 85% of its population was fully vaccinated, and 18% had received booster shots, according to health ministry data.

The health minister credited the hard work of vaccination teams with reducing the number of unvaccinated seniors from 175,000 in early August to below 64,000.

“If not for this reduction, our hospitals and ICUs today would have been already overwhelmed,” he added.

Governments Helped Create Vaccines

Vaccine development is a risky venture. Companies rarely invest in manufacturing until theyre sure their vaccines are effective and can win government approval. Thats part of why it typically takes so long to develop and roll them out.

To speed up that process, governments primarily the United States and Europe and nonprofit groups like the Coalition for Epidemic Preparedness Innovations, or CEPI, absorbed some or all of that risk.

The United States, for example, committed up to $1.6 billion to help the Maryland-based company develop its coronavirus vaccine, according to regulatory filings. CEPI kicked in up to about $400 million in grants and no-interest loans.

Other companies have received even more help. The Massachusetts biotech company Moderna not only used government-developed technology as the foundation of its vaccine, it also received about $1 billion in government grants to develop the drug. In August, the government then placed an initial order for the vaccine for $1.5 billion. The company has said that the project was paid for entirely by the federal government.

These types of arrangements were designed to help companies jump-start manufacturing and cover costs such as clinical testing.

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Vaccines Arrive When They Arrive

Delivery times are considered proprietary information, so there are no public benchmarks to measure a company against.

Nowhere is that clearer than in the European Unions fight with AstraZeneca over the companys announcement that it would not deliver the expected number of doses in the first quarter of this year. European officials say they received specific, contractual assurances for such deliveries. The company says it promised only to make its best efforts to hit those targets.

European officials, who initially agreed to keep the contract secret, have now asked the company to make it public. Unless that happens, theres no way to assess who is responsible.

But there is no question that the drug makers have built themselves plenty of wiggle room for such an ambitious, complicated rollout. The CureVac contract says that the delivery dates should be considered estimates. No product or only reduced volumes of the product may be available at the estimated delivery dates, the contract reads. Similar provisions exist in other contracts.

Nearly every vaccine maker has similarly told investors that they might not hit their targets. We may not be able to create or scale up manufacturing capacity on a timely basis, Pfizer warned in a corporate filing last August.

At one point they promised more vaccines or faster vaccines, said Steven Van Gucht, the Belgian governments top virologist. And in the end they couldnt deliver.

Astrazeneca: Under $4 Per Dose Free For Early Recipients

How Much Will It Cost To Get the Coronavirus Vaccine?

AstraZeneca has a $1.2 billion agreement with the U.S. government to supply up to 300 million doses to Americans. That funding also included the money used in the vaccines phase 3 trials. So the per-dose price at which the U.S. government has agreed to purchase the vaccine is under $4.

On Monday, AstraZeneca said it will provide vaccines at cost in perpetuity to low- and middle-income countries in the developing world.

AstraZeneca is a member of Covax, a global initiative aiming to distribute two billion vaccine doses to 92 low- and middle-income countries at no more than $3 a dose. Neither Pfizer nor Moderna has joined the initiative.

Its unclear yet how many doses a person will need from AstraZeneca. The companys phase 3 trials have shown interesting results: two full doses appeared to be only 62 percent effective, while a half dose, followed by a full dose, was 90 percent effective.

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Governments Sign Secret Vaccine Deals Heres What They Hide

Multibillion-dollar contracts give drug makers liability shields, patent ownership and leeway on delivery dates and pricing and promises that much of it will not be made public.

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BRUSSELS When members of the European Parliament sat down this month to read the first publicly available contract for purchasing coronavirus vaccines, they noticed something missing. Actually, a lot missing.

The price per dose? Redacted. The rollout schedule? Redacted. The amount of money being paid up front? Redacted.

And that contract, between the German pharmaceutical company CureVac and the European Union, is considered one of the worlds most transparent.

Governments have poured billions of dollars into helping drug companies develop vaccines and are spending billions more to buy doses. But the details of those deals largely remain secret, with governments and public health organizations acquiescing to drug company demands for secrecy.

Available documents, however, suggest that drug companies demanded and received flexible delivery schedules, patent protection and immunity from liability if anything goes wrong. In some instances, countries are prohibited from donating or reselling doses, a ban that could hamper efforts to get vaccines to poor countries.

Additional Payment For Administering The Vaccine In The Patients Home

View the infographic for COVID-19 vaccine administration in the home.

Effective June 8, 2021, Medicares additional payment amount for administering the COVID-19 vaccine in the home for certain Medicare patients is $35 per dose. This payment also applies when additional doses of the COVID-19 vaccine are administered in the home to certain Medicare patients on or after August 12, 2021.

Medicare will pay the $35 amount in addition to the standard administration amount , for a total payment of approximately $75 for a vaccine dose administered in a patient’s home. We also geographically adjust the additional amount and administration rate based on where you administer the vaccine.

We established this $35 payment amount on a preliminary basis to ensure access to COVID-19 vaccines during the PHE. We continue to evaluate the needs of Medicare patients and these policies, and we’ll address them in the future, as needed.

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Sinovac Inactivated Virus Vaccine

The CoronaVac jab has been administered for emergency use in several Chinese cities since last summer, and was approved by Chinas regulator in early February. Sinovac, which is based in Beijing, has struck deals with Brazil, Chile, Singapore, Malaysia and the Philippines. In January, Turkey and Indonesia kicked off their vaccination campaigns with the jab. Sinovac also plans to supply 10m vaccine doses to Covax nations.

How Much Does The Pfizer Vaccine Cost

Coronavirus vaccine: Should the US government pay people to get the COVID-19 vaccine?

In an interview with Fiercepharma, Pfizer Chief Financial Officer Frank DAmelio said the company typically gets “$150, $175 per dose” of the Covid jab.

However, under the pandemic supply deal, Pfizer is charging the US $19.50 per dose.

A dose of Pfizer’s pneumococcal vaccine Prevnar 13 costs more than $200 on the private market in the US, according to Centers for Disease Control and Prevention data.

In initial deals with the US government, Pfizer and BioNTech’s vaccine costs $19.50 per dose, compared with $15 for Moderna’s shot, $16 for Novavax’s, $10 for Johnson & Johnson’s vaccine and $4 for AstraZeneca’s.

The company has stated that moving forward, Pfizer’s Covid jab is “going to get more on price” and will increase in value.

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Moderna: $10 To $50 Per Dose Free For Early Recipients

Like Pfizer, Modernas first vaccine batch will be covered by government contracts. But pricing will depend on the amount ordered. On Sunday, Moderna CEO Stephen Bancel told German newspaper Welt am Sonntag that the company will charge governments between $10 and $50 per dose.

The U.S. has secured 100 million doses for Americans at the cost of $15 per dose. The European Union is reportedly negotiating a deal to keep the per-dose price under $25.

This vaccine will likely be pricier for retail customers after government programs phase out. In its most recent quarterly earnings, Moderna said the vaccine will be sold for $32 to $37 per dose for some customers.

Also like Pfizer, Modernas vaccine also requires two doses.

See Also: Here Are All the Side Effects of Every Top COVID-19 Vaccine in the US

Expected Sales In : $15bn

Pfizer, which splits costs and profit margins equally with BioNTech, expects $15bn in 2021 sales based on current deals. The final number could be twice as high, as Pfizer says it can potentially deliver 2bn doses this year. Barclays analyst Carter Gould is predicting sales of $21.5bn in 2021, $8.6bn next year and $1.95bn in 2023, on the assumption that the jab is given as a one-off shot.

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Billions Were Spent On The Coronavirus Vaccines

A major takeaway is that the United States has grabbed 41 percent of total vaccine sales, even though it only makes up about 5 percent of the worlds population.

The coronavirus vaccines are, of course, free of charge for everyone, at least in the United States. However, that doesnt mean they werent paid for somewhere along the way.

In fact, billions of dollars have been spent on the vaccines to date, most of it by the government. In a report Thursday, Axios looked at how much has been spent, both in the United States and worldwide, on the different vaccines.

According to the report, the Pfizer vaccine has sold the most, clearing $4.1 billion in the United States and $7.2 billion outside the country. The Moderna vaccine was second, with $3.5 billion in sales domestically and just $2.5 billion internationally. The Johnson & Johnson vaccine, which was approved later and was suspended for a time, sold 151 million shots in the United States and 113 million internationally. The AstraZeneca vaccine, not approved in the United States, had zero shots domestically, but over 1.1 billion internationally.

The numbers are for the period beginning January 1 and ending June 30. Sales are also expected to reach $60 billion by the end of the year.

According to the Financial Times, Pfizer and Moderna recently raised prices for Covid-19 vaccines in the European Union.

Image: Reuters.

Answers To The Most Common Questions About Coronavirus Vaccine Development

How Much Will It Cost To Get the Coronavirus Vaccine?

Vaccines for COVID-19 are critical to bringing the pandemic under control when combined with other safety protocols such as regular hand washing with soap under running water, wearing of masks in all public places and physical distancing.

With several promising vaccine candidates in the pipeline, some under review for approval and the Pfizer/BioNTech, Moderna and Oxford-AstraZeneca vaccines approved for use by a number of stringent national regulatory bodies, the race for a safe and effective vaccine has entered into a new phase.

The threat to children posed by COVID-19 is enormous, extending far beyond the immediate physical effects of the disease.

As lockdown restrictions continue or are re-imposed, childrens access to essential health services may be seriously affected. The resulting reductions in routine healthcare coverage levels and a looming recession are threatening the health and the future of a generation of children.

Below are answers to some of the most common questions you might have about COVID-19 vaccines.

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Ghana Becomes Recipient Of Historic First Shipment Of Covax Vaccines

Statement by UNICEF Representative in Ghana, Anne-Claire Dufay and WHO Representative to Ghana, Dr Francis Kasolo on the arrival of the first COVID-19 vaccines in Accra

After a year of disruptions due to the COVID-19 pandemic, with more than 80,700 Ghanaians getting infected with the virus and over 580 lost lives, the path to recovery for the people of Ghana can finally begin.

This is a momentous occasion, as the arrival of the COVID-19 vaccines into Ghana is critical in bringing the pandemic to an end. The only way out of this crisis is to ensure that vaccinations are available for all. We thank all partners that are supporting the COVAX Facility to deliver safe and effective COVID-19 vaccines to all countries quickly and fairly.

These 600,000 COVAX vaccines are part of an initial tranche of deliveries of the AstraZeneca / Oxford vaccine licensed to the Serum Institute of India, which represent part of the first wave of COVID vaccines headed to several low and middle-income countries.

The shipments also represent the beginning of what should be the largest vaccine procurement and supply operation in history. The COVAX Facility plans to deliver close to 2 billion doses of COVID-19 vaccines this year. This is an unprecedented global effort to make sure all citizens have access to vaccines.

India Covid: What Are The Claims Around The ‘free Vaccine’ Policy

India has announced a record eight million jabs on the first day of a new vaccination push, the highest number it’s done so far.

Under a newly-introduced policy, the federal government now buys Covid-19 jabs directly from manufacturers and supplies them to the state authorities.

India is one of the largest vaccine makers in the world.

But its own vaccination drive has been moving at a slow pace with just over 5% of the population fully vaccinated.

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Find Providers Who Serve The Uninsured

To help you find providers who may provide services at no cost, if you are uninsured, we have made available the list of providers who have previously participated in the HRSA uninsured program. We encourage you to call providers in your area to ask them if they are willing to participate in the program and provide you coronavirus-related care at no cost.

Department Of Veterans Affairs

Coronavirus vaccine: Should the government pay people to get vaccinated?

The Veterans Health Administration of the Department of Veterans Affairs is an integrated health care delivery system serving qualifying veterans. The VHA estimates that in 2020 it will provide care to more than 6 million patients.45 Eligibility for health care through the VA is based primarily on veteran status from military service. Veterans generally must also meet minimum service requirements however, exceptions are made for certain circumstances, including discharge due to service-connected disabilities.46

Cost to patients

The VA health system does not charge cost sharing for preventive care, including vaccinations.47

Vaccine price

In order to participate in Medicaid and Medicare Part B, drug manufacturers must sell their medicines at a discount to the VA, along with the other three of the Big Four government agencies . The VA is in some cases able to negotiate even steeper discounts in return for preferential placement on its drug formulary. The Big Four price is the lower of two prices determined by formula:

These statutory discounts result in an average discount of about 40% off of the list price, with discounts ranging from 24% to 63% .

COVID-19 vaccine requirements

Under current regulations, the VA does not require cost sharing for an outpatient visit solely consisting of preventive screening and vaccinations .48 There are currently no VA-specific requirements related to a COVID-19 vaccine.

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Johnson & Johnson Adenovirus Vaccine

J& Js jab, the worlds first single-shot Covid-19 vaccine, was developed by its Janssen division in Belgium. It uses adenovirus-26, a rare variant of cold virus. It was approved in the US in late February and can be stored at standard fridge temperatures for at least three months. Big orders include the US, UK , the EU , and Covax nations .

Who Will Pay For The Vaccine

This will depend on age, employment, and government-funded programs.

According to the CDC, vaccine doses purchased with U.S. taxpayer dollars will be given to the American people at no cost. However, vaccination providers will be able to charge an administration fee for giving the shot to someone. Vaccine providers can get this fee reimbursed by the patients public or private insurance company or, for uninsured patients, by the Health Resources and Services Administrations Provider Relief Fund.

The vaccine for children program will cover the vaccine for children. However, children will not be among the priority group for the first to be vaccinated.

The Coronavirus Aid, Relief, and Economic Security Act requires private insurance plans to cover COVID-19 vaccines within 15 days of an ACIP recommendation.

Medicare will cover older adults, age 65 and older, and this group will be among the priority group to be vaccinated first. The CARES Act provides first-dollar coverage of licensed-COVID-19 vaccines under Medicare Part B, eliminating cost-sharing to Medicare beneficiaries for vaccination. Initial vaccine doses will be provided by the federal government with Medicare paying providers the vaccine administration fee.

Resources:

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