COVID vaccine vial

Demand for COVID-19 vaccines has dropped significantly as the public health emergency is set to end on May 11. Insurers and employers can expect sticker shock as the cost shifts from the federal government to the private sector.

The cost of the Moderna vaccine is expected to quadruple to $130 a dose when it enters the commercial market later this year. The federal government paid $26 per dose for the same vaccine during the pandemic. Rival manufacturer Pfizer has indicated that it also plans to sell its vaccine for the same price on the open market.

Moderna CEO Stéphane Bancel defended the steep price increase in testimony before the Senate Committee on Health, Education, Labor and Pensions on Wednesday. The company anticipates increased costs as it takes over distribution from the government.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.