Chip Chipperson
Well-Known Member
Accurate enough would be good enough. You make up for it with volume.
Walmart sells them for $7 a test. A $14 two pack BinaxNOW. CVS sells the same thing for $25. So, either Walmart is loss leading or selling at cost or pennies above cost, or CVS is has a more expensive operations cost and needs the higher price.
I wonder how much of the $7 is actual test costs vs mark up to cover prior development cost. If it's all materials, hard to drive it down. But, if half the cost is to cover the initial development and initial factory spread out over the expected production run, then someone ordering 1.5 billion tests should be able to drive that price down, spreading that overhead across the huge volume. Not to mention, the profit margin can be a lot smaller on that volume and still turn out hugely profitable.
At $7 for 1.5 billion tests to hit 300 million people 5 days a week for 1 year is $546 billion dollars.
It's only $273B at $3.50 a test if they can drive the price down.
Compared to the economic damage the pandemic is going to cost and the other relief costs, it doesn't sound that bad. I mean, it's not great, but it's not like its out of the realm of possibility.
The assumption that we didn't need to keep pushing testing and could count on just the vaccine was a bad policy.
Even then, is it really going to be enough? There are enough deniers still roaming around pretending everything is perfectly normal who won't get tested unless forced to. NJ has a program where you can order an at-home saliva test for free and the State will ship it to you overnight via UPS and set up a virtual meeting with a doctor to go over how to use the test and discuss any symptoms - all for the low low price of 100% free. You don't even need to have symptoms or known exposure to someone with COVID-19 to get the test. They just want people to test if they feel like they need to for whatever reason they may have. Yet I know people who are living in the same household as others who currently have the virus and their excuse for not getting tested is, "I probably already have it, so why bother getting tested?" The only reason the first person in that household even got got tested in the first place (even after knowing they had been exposed and are unvaccinated) was because they had to in order to visit a family friend who is battling cancer. Thankfully, they did get tested and didn't visit that friend. Had it not been for that, these people would have all refused to get tested and would be wandering through stores and their workplaces spreading COVID-19 to who knows how many other people. It's frustrating and infuriating, but that's what the rest of society is up against right now. The ones who refuse to play a part in making things better and complain about any mitigations (which have been very few in NJ for quite a while now aside from masks in schools, public transportation, and government buildings) are the ones helping to drag this on and make things worse - and worse yet, they refuse to acknowledge that their actions impact anyone else.