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Estimates of How Much Could COVID-19 Vaccines Cost the U.S. After Commercialization

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...most, but not all, people will still have free access. Still, the cost of purchasing vaccines for the population is likely to rise on a per dose basis, though the extent to which it affects total health spending is dependent on vaccine uptake and any negotiated discounts, among other factors.

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While the commercial prices for COVID-19 vaccines are not yet known, both Pfizer and Moderna have signaled likely ranges that are three to four times greater than the pre-purchased federal price for the bivalent booster. In a recent investor call, Pfizer indicated that it expected a commercial price per dose for its vaccine to be between $110 and $130. Moderna has suggested a commercial price between $82 and $100 per dose. If equal amounts of each manufacturer’s vaccine are used, the average commercial price per dose would range from a low of $96 to a high of $115. This range is 3 to 4 times greater than the weighted average price per dose paid by the federal government for Moderna and Pfizer bivalent doses ($28.90).

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