Pfizer has announced that they’ll be price gouging Americans next year by raising the COVID vaccine price by TEN THOUSAND PERCENT. Mike Papantonio & Farron Cousins discuss more.


*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Mike Papantonio:             Pfizer has announced that there’ll be price gouging Americans next year by raising the Covid vaccine priced by 10000%. What a deal. Pick it up.

Farron Cousins:                  The United States taxpayers paid for the development of these vaccines.

Mike Papantonio:             Right.

Farron Cousins:                  The government gave them our tax dollars and said, for the love of God, develop vaccines. We’ve gotta get over this pandemic. And they did it. And now they hold the patents. We can’t do anything about that because they didn’t say these are gonna be open source. And now Pfizer says, well, since the pandemic’s died down, starting in January, even though it costs us $1.18 to produce it, we’re gonna sell it for a hundred plus dollars per vial, per shot.

Mike Papantonio:             Mm-hmm.

Farron Cousins:                  A hundred dollars.

Mike Papantonio:             10000% markup, 10000%.

Farron Cousins:                  Mm-hmm.

Mike Papantonio:             Now you’ve done stories and I’ve done stories, we’ve done ’em together where we talk about that’s the new norm in the pharmaceutical industry. Here, the argument that it’s about research and development is completely utter nonsense. It has nothing to do with, has nothing at all to do with research and development. It doesn’t even have to do with marketing. They don’t have to market.

Farron Cousins:                  Right.

Mike Papantonio:             The government is marketing for ’em all over the world. They’re doing the marketing. So this is just, hey baby, let’s just put it in our pockets. It costs them $1, to make a vial of vaccine, costs them $1. You just pointed out that they’re selling it for as high as $130 per vial.

Farron Cousins:                  And like you said, it all goes right into their pockets. The vaccines are developed. They know that we’re probably living in a post Covid world where you have to get a booster every year, maybe twice a year, just like a flu shot.

Mike Papantonio:             Insurance is gonna pay it. We’ll just pass that on.

Farron Cousins:                  Exactly.

Mike Papantonio:             Medicare is gonna pay it. Medicaid’s gonna pay it.

Farron Cousins:                  And you know the story I always come back to is one story that you told about a deposition you took over in Europe.

Mike Papantonio:             Yeah.

Farron Cousins:                  And, and at the end of the day, you asked them, just out of curiosity. Why, why are you only charging them X amount here but you’re charging, you know, 10 times that in America? And the answer was, because we can.

Mike Papantonio:             Because we can. Those were his exact words. He looked across the table. This is a product that was killing people all over the world. And this was like an aside. I thought, well I got a couple minutes, let me find out. I never dreamed he would say, I’m charging 300% more because we can in America. That’s what’s happening right here.

Farron Cousins:                  That, that is, it’s because we can.

Mike Papantonio:             And the government could do something about it. Joe Biden could do something. Trump could have done something. Clinton could have done something. Obama could have done something. Bush could have done something. But they refused to do it because the pharmaceutical industry owns, bought and paid for, Washington, DC.

Mike Papantonio is an American attorney and television and radio talk show host. He is past president of The National Trial Lawyers, the most prestigious trial lawyer association in America; and is one of the few living attorneys inducted into the Trial Lawyer Hall of Fame. He hosts the international television show "America's Lawyer"; and co-hosts Ring of Fire Radio, a nationally syndicated weekly radio program, with Robert F. Kennedy, Jr. and Sam Seder.