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Paul Romer · Jul 1, 2020

The True Cost of a Virus Test is $10 not $100

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The number of virus tests that the US uses to fight the ongoing pandemic will be very sensitive to the cost of a test. Several bits of evidence suggest that the true cost per person tested is about $10. Yet in the United States, the providers of the approved clinical diagnostic tests for SARS-CoV-2 are able to charge a significant monopoly markup over their marginal cost of doing the test. The US…

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