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They don't make vaccines for profit?  

post #1 of 22
Thread Starter 
http://www.philly.com/mld/inquirer/b...s/15592429.htm

Quote:
The rising prices, at the same time, are drawing scrutiny from the public, insurers and regulators. For now, Americans are accepting the costs, unlike some European countries that have balked, experts say.

"Vaccines really have been undervalued" at just a few dollars per dose, said Lance Rodewald, head of immunization services at the U.S. Centers for Disease Control and Prevention. "But new vaccines are not as cost-effective as the old vaccines. The risk is always there that they could become" overpriced.

Sharon Levine, an associate medical director at Kaiser Permanente, the California-based health insurer for 8.6 million people, said: "The question is, what is a reasonable profit margin on that line of business, and how does it get spread across the community?"

Price is just one element of what increasingly looks like a vaccine boom, with global sales predicted to grow from $8 billion this year to $18 billion by 2010. Scientific breakthroughs and a flood of government and charitable funding - much of it for Third World epidemics and a potential flu pandemic - may be creating a bonanza in a business that had become valued less for profit than for public health and corporate image.
post #2 of 22
Quote:
"Isn't it great that payers are now recognizing that these vaccines can command a price commensurate with their value?" said Margaret G. McGlynn, president of Merck Vaccine Division. "Isn't it great that the medical community is behind it, and that all these vaccines are now out there? It is a feel-good story that something is working in our society."
: laughup
post #3 of 22
oh, and this is a good one too:

Quote:
Prevnar proved the model could work. Most health experts say the prices, while high, are still worth it. "If they didn't keep making money, they would not be doing it," said Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.
post #4 of 22
Oh yeah, vaccine success has nothing to do with the fact that virtually no parent has to foot the bill directly for them. They get on the recommended list and voila, the insurance companies pay for them and they are offered for free at public health clinics.
post #5 of 22
I'm not surprised to see that come out of Philly. I wonder if Offit owns stock in the paper or what. :
post #6 of 22
But...even if they weren't making a butt load per vax, they are still working on the quantity theory. Just look at the numbers...lets say tey only make a penny per mandated vax, how many millions of children fall under the mandate? The numbers are astonishing. For this reason alone, you can't say it's not about the $$$$
post #7 of 22
Quote:
Originally Posted by HeatherHeather View Post
Oh yeah, vaccine success has nothing to do with the fact that virtually no parent has to foot the bill directly for them. They get on the recommended list and voila, the insurance companies pay for them and they are offered for free at public health clinics.
What? You mean if you have insurance it isn't just, free?:

I think you just hit the nail on the head there, Heatherheather...it doesn't cost anything, so parents don't question.

People are so stupid. The occasional person is smart, but people, in general, are stupid. And their kids pay the price.
post #8 of 22
In the last several years insurance rates have gone through the roof!!! At DH's old job they paid the premiums but our co-pays and co-insurances keep climbing and climbing!!

Now dh's job doesn't pay the premiums and at almost $500 a month we can't afford it. And that $500 a month doesn't' even count the co-pays, co-insurance, and deductibles.

Anyway, my point is, if people think these things are free they have another thing coming. EVERYONE is paying for them in higher insurance prices.
post #9 of 22
Quote:
They don't make vaccines for profit?
No, they don't yet have a vaccine designed to prevent the person receiving the vaccine from contracting profit.
post #10 of 22
Quote:
Originally Posted by Ruthla View Post
No, they don't yet have a vaccine designed to prevent the person receiving the vaccine from contracting profit.
post #11 of 22
The insurance plan we'll be having soon says Immunizations - $10. Needless to say, I won't be taking them up on this bargain.
post #12 of 22
Quote:
Originally Posted by paquerette View Post
The insurance plan we'll be having soon says Immunizations - $10. Needless to say, I won't be taking them up on this bargain.
Yeah, in the small print it says "Vax reactions, no coverage.":

Deborah
post #13 of 22
Thread Starter 
But analyse this quote here:

Quote:
Wyeth in 1999, a year after giving up on flu vaccines, pioneered what would become a blockbuster model for vaccine. It developed Prevnar to prevent deadly pneumococcal disease in children. And it won approval at the relative high price of $59 per dose - justified in part by studies finding that the disease was costing society nearly that much in medical costs. Prevnar went on to become a $1 billion vaccine, eventually preventing even more medical costs than expected.
Okay, think back to old arguments relating to risk benefit in finance, and tell me where the lack of logic is in the bolded quote above. Also, explain the italicised underlined sentence please. I'm thick
post #14 of 22
Quote:
Originally Posted by Momtezuma Tuatara View Post
Okay, think back to old arguments relating to risk benefit in finance, and tell me where the lack of logic is in the bolded quote above.
The way I read it - exactly where you bolded it. The society would have paid [a little] less for medical costs than it does for vaccination.

Quote:
Also, explain the italicised underlined sentence please. I'm thick
laughup Good one!
post #15 of 22
Thread Starter 
Yeah, but wasn't the argument that vaccination would have to be way cheaper for the country than treatment of the said cases?

I don't for one minute, think the treatment for pneumococcal illnesses was ever a billion dollar industry.... do you?

Therefore, does the financial cost/benefit ratio stack up here?
post #16 of 22
Quote:
Originally Posted by Deborah View Post
Yeah, in the small print it says "Vax reactions, no coverage.":

Deborah
But don't you realize that there are no vaccine reactions, they are all just things that wold have happened anyway...just a coinkidink **Tongue firmly planted in cheek and sarcasm intended):
post #17 of 22
Quote:
Originally Posted by Momtezuma Tuatara View Post
I don't for one minute, think the treatment for pneumococcal illnesses was ever a billion dollar industry.... do you?
No, I don't either. But it depends who is counting...
post #18 of 22
Check out this table of vaccine costs to the CDC/private sector. How can anyone say it's not about the money or that they don't make a profit?

http://www.cdc.gov/nip/vfc/cdc_vac_p....htm#pediatric
post #19 of 22
I am still trying to figure out how can you possibly 'prevent more medical costs than expected' - I must be thick too
post #20 of 22
Thread Starter 
Quote:
Originally Posted by Spy View Post
I am still trying to figure out how can you possibly 'prevent more medical costs than expected' - I must be thick too
Yeah. It's got me totally beat. And I thought I was slightly intelligent at the very least.
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Mothering › Forums › Health › Vaccinations › They don't make vaccines for profit?