A 100% safe and effective coronavirus vaccine would be welcome news to most everyone. But all medicines have side effects, too, and under a special arrangement, damages paid out for vaccine injuries come from fees collected from patients rather than vaccine makers.
The following is an excerpt of an article in the Wall Street Journal.
The U.S. government paid out $4.4 billion over more than 30 years covering injuries relating to a host of vaccines—from flu to polio—but payouts for potential injuries from Covid-19 vaccines will be covered by a far less-generous program.
Covid-19 vaccine injuries will be covered under a program known as the “countermeasures injury” compensation fund, which was set up in 2010 to cover harm resulting from vaccines for a flu pandemic, or drugs to treat an anthrax or Ebola outbreak, for example.
This year, Secretary of Health and Human Services Alex Azar said the countermeasures fund should also cover injuries from Covid-19 vaccines, giving drug companies immunity from potential liability lawsuits.
But the fund isn’t expected to offer much of a remedy to the public, according to lawyers and vaccine experts. Since it began processing claims, the fund has paid out $6 million on 29 claims, averaging $207,000 per person, compared with $585,000 on average per person for an older vaccine injury fund. (Continued at the link below...)