Pain and Profit: The Billion Dollar Covid Industry

When it comes to pharmaceutical drug companies, what is their top priority? Is their mission to heal the sick, or make money?

On September 10, 2021, president Joe Biden issued vaccine mandates for millions of Americans at large corporations: all companies with over 100 employees were required to get vaccinated or undergo weekly covid testing. Failure to comply would lead to stiff fines and penalties.

In addition, other companies and organizations have enacted mandates as well.

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While many people are focused on gaining herd immunity and eradicating the virus, these mandates and the intense push for vaccinations have been a financial windfall for drug companies. As a result, several new billionaires have been created:

“Topping the list of new billionaires are Moderna (MRNA) CEO Stéphane Bancel and Ugur Sahin, the CEO of BioNTech (BNTX), which has produced a vaccine with Pfizer (PFE). Both CEOs are now worth around $4 billion, according to an analysis by the People’s Vaccine Alliance, a campaign group that includes Oxfam, UNAIDS, Global Justice Now and Amnesty International.

Read the full article HERE.

In addition, Merck recently announced the production of a new covid pill:

“Assuming FDA authorization, the U.S. government has agreed to buy enough of the pills to treat 1.7 million people, at a price of roughly $700 for each course of treatment. That’s less than half the price of the antibody drugs purchased by the U.S. government — over $2,000 per infusion — but still more expensive than many antiviral pills for other conditions.”

Read the article HERE.

The cost of production of this 5-day treatment course? Only $17.74.

If the goal is to help decrease covid rates and transmission of the virus, why markup the price of the drug 40 times what it costs to make the drug?

While covid has caused tremendous pain and suffering for many, it has been a great source of profits and revenue for the drug industry. How do people feel about the tremendous profits reaped by drug companies?

Ask yourself: is it acceptable for drug companies to reap billions in profits in covid vaccines?

The Business Of Covid

Sickness is big business. In America and other countries, the vaccines are given to the citizens for free, but there is a cost. Companies buy the vaccine from drug companies with taxpayer dollars. On February 21, 2021, the Department of Health and Human Services released the following statement:

“The U.S. Department of Health and Human Services (HHS) and Department of Defense (DOD) have purchased an additional 100 million doses of COVID-19 vaccines from both Pfizer Inc. and Moderna Inc. to help meet demand for COVID-19 vaccines in the United States.

Read the press release HERE

The total purchase from Pfizer was $6 billion dollars, with the Moderna purchase totaling approximately $5.75 billion.

With demand through the roof, producing these life-saving drugs has become a lucrative business, and the global coronavirus vaccine market will reach an enormous value of $35 billion in 2021 and is expected to grow to $42 billion by 2022, according to Arizton. 

Read the full article HERE.

Since the start of the pandemic drugs companies have increased their prices over 20%:

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In addition, booster shots are available, increasing the profits of drug companies even more.

Should drug companies be increasing prices as the world attempts to overcome the covid pandemic?

The Pain of Covid

Covid has affected practically every country in the world. According to Worldometer, covid has caused nearly 5 million deaths world-wide:

Covid statistics courtesy of Worldometer.

Many individuals are still feeling the effects of covid also, struggling with paying rent, expenses, and having enough to eat.

Hardship is Below December 2020 Peak, Yet Still Widespread

Is it OK for drug companies to profit from the pain and suffering of millions around the world? Why are they raising their prices when many economies around the world are still recovering from the pandemic?

The Drug Industry: For-Profit Businesses?

Drug companies are like any other business that has shareholders: the goal is to make a profit. In order for pharmaceutical companies like Merck and Pfizer to be successful, they need customers. In their case, they need sick customers. In other words, if less people need the covid vaccine or boosters, the less money these companies can make.

While we can’t prevent the drug companies from raising their prices, a person can make an effort to decrease their need for medications. Everyone needs medical attention from time to time, but the goal is to simply decrease the incidence or severity of various health issues. This is accomplished by strengthening your immune system and maintaining a healthy lifestyle.

Healthy Living Tips

No matter what happens with these vaccines, making your health a top priority is key. Strengthen your immune system with a healthy diet and lifestyle. Top ways to strengthen the immune system include the following:

  • Eating green leafy veggies
  • Getting sunshine (vitamin D)
  • Getting vitamin C and zinc daily
  • Limiting intake of fast food and processed food
  • Getting exercise daily (15-30 minutes)

Did you know experimental studies have shown that vitamin D exerts several actions that are thought to be protective against coronavirus disease (COVID-19)?

Experimental studies have shown that vitamin D exerts several actions that are thought to be protective against coronavirus disease (COVID-19) infectivity and severity. These include the immunomodulatory effects on the innate and adaptive immune systems, the regulatory effects on the renin-angiotensin-aldosterone-system in the kidneys and the lungs, and the protective effects against endothelial dysfunction and thrombosis.

Read the study HERE.

Here are the top 5 spices for a healthy immune system:

Call To Action

Is the coronavirus here to stay? Will new variants form that evade vaccines? Time will tell. No matter what happens, make your immune system a top priority. Eat nutrient dense foods, maintain a healthy weight and get plenty exercise. Your body will thank you!

Get more tips in my book The Diet of Success: Healthy Eating Tips For Hard Working Professionals. Available on Amazon.

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