Sen. Bernie Sanders (I-Vt.) plans to grill the CEO of Moderna about his reported plans to raise the price of the coronavirus vaccine in a Senate hearing next month that Sanders hopes will convince the company to reverse course.
for the Health, Education, Labor and Pensions Committee that he chairs. The former presidential candidate hopes to use his perch on the panel to highlight the “greed” of large pharmaceutical companies in an effort to lower prescription drug prices.
“We’re going to ask them, ‘Hey, you made billions of dollars in profit on a vaccine that was developed because of taxpayer support from the [National Institutes of Health], you’ve become a multibillionaire, and you think it’s appropriate to cost the federal government even more money by quadrupling prices?” Sanders said. “And I hope, I really do hope, that these people will reconsider this outrageous decision and decide not to raise prices for the vaccine.
Sanders, who chairs the HELP committee for the first time this year, declined to say who else he wants to call before his committee, but claimed broadly there is a “morality crisis” within the pharmaceutical industry and support across the political spectrum for putting pharma CEOs in the hot seat and tackling the issue of high prescription drug prices.
Sanders said he believes Republicans will be supportive of his focus on pharmaceutical greed. But the ranking Republican on his committee, Sen. Bill Cassidy ,judgment on their decision to hike prices.“You obviously have a marginal cost. It’s easier to spread a marginal cost over billions of doses than it is over millions of doses,” Cassidy said. “And so what is their justification for all this? I just don't know that. … Give me more data before I render an opinion.
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