President JoeBiden's administration moves to have private sector pick up tab for COVID-19 shots and treatments
The Department of Health and Human Services will meet with drugmakers, pharmacies, and other stakeholders in the healthcare industry later this month to map out how insurance coverage and reimbursements would cover the costs of COVID-19-related pharmaceuticals, though the commercialization process is expected to take months to finalize, the Wall Street Journal reported.The meeting, scheduled for Aug.
"My hope is that in 2023, you're going to see the commercialization of almost all of these products. Some of that is actually going to begin this fall, in the days and weeks ahead. You're going to see commercialization of some of these things," Jha said Tuesday at an event sponsored by the U.S. Chamber of Commerce Foundation, according to CNN.
It could also mean additional profits for pharmaceutical companies such as Moderna and Pfizer that produce the vaccines because commercial prices would likely be higher than what the federal government paid, Larry Levitt, executive vice president for health policy at the Kaiser Family Foundation, told the Wall Street Journal.
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