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Sept. 24, 2020, 9:07 a.m. EDT

Just 4 in 10 Americans now say they would get the first coronavirus vaccine

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By Meera Jagannathan

A declining share of Americans say they would receive the first coronavirus vaccine, according to a new survey, and most expect someone else to completely or partially foot the bill.

Just 39% of respondents to the most recent Axios/Ipsos Coronavirus Index poll say they are likely to get the first-generation COVID-19 vaccine as soon as it’s available, a nine-percentage point drop from a poll conducted Aug. 21 to Aug. 24. Six in 10 in the most recent poll say they’re not likely to take the first vaccine, up from 51% in the August poll.

Meanwhile, 38% of respondents say their health insurance will completely cover the cost, and 11% say the same of the federal government. Another 9% said their health insurance would partially cover the cost and they would pay some out of pocket, and 4% expected to pay completely out of pocket for the vaccine. (Some 21% indicated they wouldn’t get the vaccine, and 16% answered the question with “don’t know.”)

How much money would people be willing to pay out of pocket? For a third of respondents, the answer was “nothing.” Another 26% said they would be willing to pay less than $20, while 25% said $20 to less than $50, and 10% said they would pay $50 to less than $100. Just 5% said they would be willing to shell out $100 or more.

The nationally representative poll, conducted Sept. 18 to Sept. 21, included responses from 1,008 U.S. adults.

The Trump administration’s “Operation Warp Speed” program includes “the goal of no upfront costs to providers and no out-of-pocket cost to the vaccine recipient,” according to a distribution-strategy report published last week by the Health and Human Services and Defense Departments .

“Various plans, supported by the CARES Act and the Families First Coronavirus Response Act, are under development with the objective of ensuring no one will be charged any out–of-pocket expenses for the administration of the vaccine either,” the document says. “The objective is to ensure no one desiring vaccination will face an economic barrier to receiving one.”

While the CARES Act provides for free COVID-19 vaccine coverage, Medicare beneficiaries — 15% of the country’s population — could wind up paying out of pocket if a vaccine is approved under a less-stringent emergency-use authorization rather than full Food and Drug Administration approval, according to a recent Wall Street Journal report.

A Centers for Medicare and Medicaid Services spokesperson told MarketWatch the administration was committed to modernizing Medicare to ensure access to a vaccine with no cost sharing. The White House and HHS didn’t immediately return requests for comment.

A safe and effective coronavirus vaccine has not yet been approved. Seven vaccine candidates in the U.S. are in the clinical-trial phase with human participants, including four candidates — AstraZeneca /zigman2/quotes/200304487/composite AZN -1.78% in partnership with the University of Oxford, BioNTech /zigman2/quotes/214419716/composite BNTX +0.65% and partner Pfizer /zigman2/quotes/202877789/composite PFE +0.57% , Moderna /zigman2/quotes/205619834/composite MRNA -5.35% and most recently Johnson & Johnson /zigman2/quotes/201724570/composite JNJ -0.06% — that are in Phase 3 clinical trials , the final and most critical stage.

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-0.91 -1.78%
Volume: 4.76M
Oct. 30, 2020 4:00p
P/E Ratio
61.17
Dividend Yield
2.73%
Market Cap
$133.23 billion
Rev. per Employee
$342,432
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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 85.36
+0.55 +0.65%
Volume: 2.25M
Oct. 30, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.20 billion
Rev. per Employee
N/A
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/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 35.48
+0.20 +0.57%
Volume: 24.32M
Oct. 30, 2020 4:04p
P/E Ratio
22.97
Dividend Yield
4.28%
Market Cap
$196.05 billion
Rev. per Employee
$586,070
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/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 67.47
-3.81 -5.35%
Volume: 7.07M
Oct. 30, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.13 billion
Rev. per Employee
$72,541
loading...
/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 137.11
-0.08 -0.06%
Volume: 7.36M
Oct. 30, 2020 4:00p
P/E Ratio
21.54
Dividend Yield
2.95%
Market Cap
$361.16 billion
Rev. per Employee
$603,509
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