That’s bigger than Boeing, Intel, Facebook and Lockheed Martin. A lot of people stand to lose a lot of money if the obsession with the Plague of Death goes away.
The COVID-19 Testing Industrial Complex in the United States is completely out of control, and the American taxpayer has been drafted into churning out hundreds of millions of dollars per day to keep it afloat.
This continually growing behemoth, which was spawned in 2020 because of the urgent insistence of select, powerful members of the U.S. “public health expert” class, has no intention of exiting the stage quietly.
Individuals and healthcare-related corporations are getting filthy rich off of this broken, corrupt industry, which largely produces junk tests, and has contributed to an out of control, ongoing “casedemic” in the United States.
Despite the fact that this industry has failed to do anything positive for “public health” related to the coronavirus epidemic, some in the industry are even devising plans to put a COVID testing kit in every home in America. The COVID-19 Testing Industrial Complex has produced a shockingly high revenue stream over the course of a year.
To get a sense of all of the costs involved, I researched the average COVID-19 testing costs at some of the biggest labs and testing manufacturers in the U.S. The FDA has now cleared well over 100 entities (and even a dozen China-based companies) with Emergency Use Authorizations (EUAs) that allow for these companies to deploy tests in the United States. Here’s the breakdown:
The cost of COVID-19 tests range anywhere from $20-$850. The median cost of a COVID-19 test is around $129 per test. And that’s just the cost of the test itself. This price range does not include the additional costs — including, at a bare minimum for most, the costs of specimen collection and a doctor’s visit — to the insurance provider, federal, state and local governments (which has the taxpayer foot the bill for people who can’t afford a test), and/or the patient.
The United States COVID-19 Testing Industrial Complex now churns out around two million COVID-19 tests per day. That puts the current median cost for COVID testing in America (not including the additional costs) at approximately $254 million dollars per day, $7.6 billion per month, and $91.4 billion per year. To put that in context, That’s more annual cash than the revenue generated by U.S. corporate behemoths such as Boeing, Intel, FedEx, Facebook, and Target. [It’s nearly twice as big as Lockheed Martin.]
As for the profits being generated by the COVID testing industry, we can get an accurate count on that number by discovering the financial filings of major testing labs. Quest, the U.S. testing giant that handles about 20% of all COVID tests across the United States, estimates it takes in $42 in revenue per test, with the average processing coming in at $29. That would come out to $26 million in profits per day, $780 million per month, and $9.3 billion in pure profits per year. And that’s only for the lab side of the equation. Remember, getting a COVID-19 test involves several other elements, such as the aforementioned physician’s visit and specimen collection costs, which significantly increases the revenue stream for the entire COVID testing industry.