Amid COVID Test Shortages, Price Gouging Is on the Rise

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News Picture: Amid COVID Test Shortages, Price Gouging Is on the Rise

MONDAY, Jan. 10, 2022 (HealthDay Information)

Because the Omicron variant blankets America and demand for COVID-19 checks climbs, so, too, does worth gouging.

Excessive costs for over-the-counter antigen checks are being seen across the nation, CBS Information reported.

“The hazard in well being care is that for any lifesaving product — it is susceptible to cost gouging as a result of most individuals would pay [an] arm and leg — something — to save lots of the lifetime of a cherished one,” epidemiologist and well being economist Eric Feigl-Ding wrote in a collection of tweets.

In New York, Legal professional Normal Letitia James has acquired complaints of merchandise promoting at double or triple the retail worth.

“A regular BinaxNOW model check package at a New York retailer, like Walgreens, prices appropriately between $14 and $25 for a package deal of two checks, nevertheless, there was alleged experiences of the identical merchandise being unlawfully bought for greater than $40 and as much as $70 per package deal,” James stated in a statement final month.

The web market for COVID checks is not a lot better: On-line retailer Tanga is promoting the BinaxNow checks for $59.99 for a field of two or $349 for 10 bins. These kits usually retail for $23.99 at Walgreens and even much less at Walmart, the place they retail for $19.88 however are out of inventory, CBS Information reported.

Legal professional Normal’s workplaces across the nation have reported receiving complaints or hearing tales of worth gouging.

In Georgia, Legal professional Normal Chris Carr known as on residents final week “to be looking out for fraudulent COVID-19 associated practices, particularly because it pertains to testing.” Carr stated in a statement that he’d heard experiences of overcharging for COVID checks.

In the meantime North Carolina’s Legal professional Normal Josh Stein asked residents to report pandemic-related worth gouging.

North Carolina has a price-gouging legislation and Stein has taken firms to courtroom earlier than for pandemic-related worth gouging. That features a New Jersey firm now barred from promoting private protecting tools at extreme costs, and a Charlotte firm Stein received an injunction towards for allegedly booting or towing vans delivering meals, water and medical provides through the pandemic, CBS Information reported.

“Specifically, our workplace has heard anecdotally that there could also be worth gouging occurring on at-home checks,” Stein stated Wednesday.

Whereas the Biden administration plans to ship 500 million at-home checks to People totally free, that has not occurred but. And an earlier deal struck with retailers Walmart and Kroger to scale back the prices of the checks has expired.

Extra info

The united statesCenters for Illness Management and Prevention has extra on COVID-19 tests.

SOURCE: CBS Information

Cara Murez and Robin Foster

MedicalNews

Copyright © 2021 HealthDay. All rights reserved.





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