The Wall Street Journal reports that Medicare won’t cover the cost of any coronavirus vaccine approved under an FDA Emergency Use Authorization (EUA), consistent with current policy of not covering EUA drugs considering the lower approval standards.
The situation, if not rectified, could impact vulnerable seniors who represent 44M Americans (~15% of the U.S. population).
The Trump administration is exploring options to quickly address the issue since the Coronavirus Aid, Relief and Economic Security Act, passed in March, ensures free vaccine coverage and no out-of-pocket costs for Medicare beneficiaries.
Selected tickers: Pfizer (PFE -3.0%), BioNTech SE (BNTX -5.0%), AstraZeneca (AZN -2.1%), Moderna (MRNA -3.8%), Johnson & Johnson (JNJ -3.6%)
https://seekingalpha.com/news/3615797-medicare-coverage-of-covidminus-19-vaccine-not-wsj
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