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Watch: Moderna CEO Stephane Bancel testifies earlier than Senate on Covid vaccine value hike

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Moderna’s CEO, Stephane Bancel, is testifying Wednesday earlier than the Senate well being committee on pricing of the corporate’s Covid-19 vaccine.

The Boston biotech firm plans to cost $130 per dose as soon as the vaccination program strikes to the personal market as early as this fall. Sen. Bernie Sanders, I-Vt., chair of the well being committee, slammed Moderna in a letter to Bancel in January, calling the worth hike “outrageous.”

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After Sanders despatched the letter, Moderna mentioned it’ll create an help program to maintain the vaccine free for people who find themselves uninsured or underinsured.

Individuals who have Medicare, Medicaid or personal insurance coverage ought to nonetheless obtain the shot without charge, however Sanders mentioned the worth improve “will value taxpayers billions of {dollars}.”

This text was initially revealed by cnbc.com. Learn the unique article right here.

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