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posted by mrpg on Friday May 28, @11:26AM   Printer-friendly
from the what-could-go-wrong dept.

Ohio lawmakers want to abolish vaccine requirements:

[...] Lawmakers are working on legislation to call off the lottery immediately. They're also trying to head off any plans for "vaccine passports." And last month, they introduced a sweeping antivaccination bill that would essentially demolish public health and vaccination requirements in the state—and not just requirements for COVID-19 vaccines, requirements for any vaccine.

[...] State Rep. Beth Liston (D-Dublin) blasted the bill, telling The Columbus Dispatch, "Not only would it prevent schools, businesses and communities from putting safety measures in pace related to COVID, it will impact the health of our children... This bill applies to all vaccines—polio, measles, meningitis, etc. If it becomes law we will see worsening measles outbreaks, meningitis in the dorms, and children once again suffering from polio."

[...] "At its core, this proposal would destroy our current public health framework that prevents outbreaks of potentially lethal diseases, threatens the stability of our economy as it recovers from a devastating pandemic and jeopardizes the way we live, learn, work and celebrate life," the letter said.

[...] "HB 248 would put all Ohioans at risk while increasing the cost of health care for families, individuals and businesses," spokesperson Dan Williamson said. "This proposal applies to all immunizations, including childhood vaccines. If passed, this legislation could reverse decades of immunity from life-threatening, but vaccine-preventable diseases such as measles, mumps, hepatitis, meningitis and tuberculosis."

Also: Ohio GOP lawmakers, citing 'need to protect' from vaccines, seek to expand exemptions, nix COVID passports

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  • (Score: 1, Troll) by Anonymous Coward on Friday May 28, @04:31PM (4 children)

    by Anonymous Coward on Friday May 28, @04:31PM (#1139712)

    Moderna stock [] (MRNA - cute huh?) is up more than 900% since the plague began. Novvax [] is up a whopping 3700%.

    Pfizer has stated they expect to sell a gross of $15 billion [] worth of COVID vaccines in 2021 with a profit margin of 25-30% (expected to increase over the coming years). That will make their COVID vaccine, alone, the second highest annual grossing drug - ever. For some contrast, Viagra (also made by Pfizer) generated about $0.5 billion in revenue in 2019. The reason their stock isn't seeing the same insane growth is largely because even though they're making money hand over fist with these vaccines, they were already a very large and profitable company whereas MRNA and NVAX show the profit effects of the virus more in a vacuum of companies that didn't have much else going for them.

    But suffice to say vaccines are making a lot of people very very rich. The messaging about "oh they're not profiting off the vaccines" is being pushed primarily by corporate media, and it is a lie.

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  • (Score: 0) by Anonymous Coward on Friday May 28, @09:47PM

    by Anonymous Coward on Friday May 28, @09:47PM (#1139852)

    Have you seen their SEC and other regulator reports? Those numbers are child's play in comparison, as are the profit margins.

  • (Score: 2) by c0lo on Saturday May 29, @04:07AM (2 children)

    by c0lo (156) Subscriber Badge on Saturday May 29, @04:07AM (#1139943) Journal

    a profit margin of 25-30% (expected to increase over the coming years)

    Why expected to increase? It is today that the COVID-19 vaccine is in high demand, one year or so from now the demand will lower down to the volumes we are seeing now for flu vaccines.
    Are you saying that shitloads of competition on a lower demand market will increase the profit margin?

    • (Score: 0) by Anonymous Coward on Saturday May 29, @04:18AM

      by Anonymous Coward on Saturday May 29, @04:18AM (#1139946)

      Don't you know how this works? You lose money on every sale, but make up for it in volume!</sarcasm>

    • (Score: 0) by Anonymous Coward on Saturday May 29, @01:52PM

      by Anonymous Coward on Saturday May 29, @01:52PM (#1140022)

      They offered two reasons:

      1) They can increase prices once we're out of pandemic status. They are accepting "only" a 25-30% profit margin while we remain in a pandemic status.

      2) Increased efficiency and scale in production, transport, and so on.

      Don't conflate profit margin (how many cents I earn per dollar of costs) with profit (total revenue - total costs). Profit margins can increase while profits decrease.