(DAILY CALLER) – Pfizer and Moderna’s record-breaking pandemic profits are about to come to an end as the Biden administration no longer plans to purchase COVID-19 vaccines for public distribution.
Until now, the federal government has been responsible for purchasing COVID-19 vaccines and distributing them to Americans at no charge. However, the Biden administration has said that the upcoming batch of recently approved, Omicron-specific doses will be the last to be purchased on the government’s dime.
There is likely to still be some demand from the private sector for COVID-19 vaccines, but it won’t be nearly as high as it was when the government was buying. Vaccine uptake has been on a steady decline since April, and is currently at its lowest point of the pandemic, with more than 223 million Americans having already been fully vaccinated.
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