×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: Vaccines | vaccines | revenue

How Much Revenue Do Vaccines Generate?

By    |   Saturday, 27 June 2015 10:03 PM

Vaccines generate billions of dollars in revenue for drug companies as costs paid by the federal government — which purchases half of all the vaccines for the nation's children — have risen 15-fold since 1986, The New York Times reported.

Annual immunization costs have gone from $100 per child in 1986 to $2,192 per child in 2015, the Times noted, citing data from the Centers for Disease Control and Prevention. The Times described vaccination costs today as "soaring."

VOTE NOW: Should Parents Have the Freedom Not to Vaccinate Their Children?

"Vaccination prices have gone from single digits to sometimes triple digits in the last two decades, creating dilemmas for doctors and their patients as well as straining public health budgets," the Times wrote.

The world's 11 top pharmaceutical companies made more than $700 billion in profits in 2012, with U.S. consumers paying more than most of their counterparts in other nations for drugs. Of that figure, the vaccine market, while hard to track, is about $24 billion annually — a small portion of the pharmaceutical industry as a whole, The Atlantic reported.

Because of rising expense, some doctors have stopped offering immunizations, noting they cannot afford to stock them, the Times said. It added that vaccine patent applications had risen tenfold from the 1990s, marking about 10,000 each year.

The Centers for Disease Control and Prevention outlines a price list for current vaccines in the marketplace.

Public health advocates argue that countries must control drug prices, while pharmaceutical manufacturers say they must increase the price of vaccines to cover ongoing research and development, The Huffington Post reported, noting vaccines' unprecedented retail prices.

URGENT: Should States Be Allowed to Make Health Decisions for Your Children?

© 2021 Newsmax. All rights reserved.


FastFeatures
Vaccines generate billions of dollars in revenue for drug companies as costs paid by the federal government - which purchases half of all the vaccines for the nation's children - have risen 15-fold since 1986, The New York Times reported.
vaccines, revenue
284
2015-03-27
Saturday, 27 June 2015 10:03 PM
Newsmax Media, Inc.

PLEASE NOTE: All information presented on Newsmax.com is for informational purposes only. It is not specific medical advice for any individual. All answers to reader questions are provided for informational purposes only. All information presented on our websites should not be construed as medical consultation or instruction. You should take no action solely on the basis of this publication’s contents. Readers are advised to consult a health professional about any issue regarding their health and well-being. While the information found on our websites is believed to be sensible and accurate based on the author’s best judgment, readers who fail to seek counsel from appropriate health professionals assume risk of any potential ill effects. The opinions expressed in Newsmaxhealth.com and Newsmax.com do not necessarily reflect those of Newsmax Media. Please note that this advice is generic and not specific to any individual. You should consult with your doctor before undertaking any medical or nutritional course of action.

 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved