BREAKING—42%⬆️—Pandemic profiteering @Walmart just increased the price of 2 rapid #COVID test kits from $14 to $19.88… by 42%! Meanwhile rapid tests are either free or $1.20 each in Europe. Or if its @AbbottNews, can’t they lower damn price?! Asking for the 🌎 in pain. 
2) And @cvspharmacy & @Walgreens are worse — they are charging $23.99 for a 2-pack. Shameful considering rapid tests are just $1.20 — if you even pay anything in Europe. @AbbottNews is also complicit in this price gouging racket.
3) Wondering also@why the price of rapid tests are so damn high? Read this👇
It mentions the name Tim Stanzel— remember it. He may be an FDA employee now—but he also famously worked for Abbott & Quidel… even founding one of Quidel’s science divisions.
propublica.org/article/heres-…
It mentions the name Tim Stanzel— remember it. He may be an FDA employee now—but he also famously worked for Abbott & Quidel… even founding one of Quidel’s science divisions.
propublica.org/article/heres-…
4) Walmart’s minimum wage of $12/hour can’t even buy a damn 2-test package! A Walmart minimum wage worker would have to work 2 hours to afford one! cnbc.com/amp/2021/09/02…
5) For those arguing higher prices due to demand — I’ve studied health economics for years— the danger in healthcare is that for any life-saving product—it’s vulnerable to price gouging because most people WOULD PAY AND ARM & LEG - anything - to save the life of a loved one…
6) thus, this allows pharma to charge over $100,000 for a cancer drug therapy and charge $1000/vial for insulin — because both products = life and death if you can’t get it! HEALTHCARE isn’t like a new gadget or jewelry one can skip if pricey— healthcare is a *NEED* not a WANT.
7) Big pharma price gouging is obscene. It’s been ~100 yrs since it was invented, patent donated for $1, and yet it’s price gouged for $1000/vial to people who absolutely can’t afford it. And many in Congress are blocking reform in BBB to reduce this (cough, GOP & Manchin, cough)
https://twitter.com/drericding/status/1349405447988588545
8) Corporate greed in a nutshell—
“Big pharma fairytale is R&D justifies astronomical prices, but the pharma reality is that you spent most of your company’s money making money for yourself”
Congresswoman @katieporteroc slams @abbvie CEO Richard Gonzalez
“Big pharma fairytale is R&D justifies astronomical prices, but the pharma reality is that you spent most of your company’s money making money for yourself”
Congresswoman @katieporteroc slams @abbvie CEO Richard Gonzalez
9) Given limited rapid tests available, we need to be extra careful with the swabbing — ➡️ please swab both throat (mouth) and nose, not just nose alone. Swabbing both finds 15% more cases than nose alone says one study 👇
https://twitter.com/drericding/status/1477498074838839296
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