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Walgreens said pharmacy profit margins soared due to the vaccines. Photo: Mario Tama/Getty Images

Walgreens has given out 25 million COVID-19 vaccinations in its stores this year, including 17 million from March through May.

Why it matters: Walgreens executives said the vaccines were the main reason why the company recorded higher foot traffic, sales and profits in the quarter. But this boost may be short-lived, as demand for vaccines has slowed down considerably since late April.

By the numbers: COVID-19 shots are free for people to get, but insurance programs still pay for the shots' administration.

  • Medicare pays $40 for each COVID-19 vaccine dose, and commercial insurers likely pay more (if flu shots are any indication).
  • That means, at a minimum, Walgreens registered at least $680 million in COVID-19 vaccine payments in the last quarter and possibly as much as $1 billion or more.

Go deeper

Oct 7, 2021 - Health

White House data: Vaccine mandates work

Illustration: Aïda Amer/Axios

Health care systems, schools, public-sector agencies and private businesses with COVID-19 vaccine mandates have seen vaccination rates jump 20 points — in many instances to over 90%, according to a White House analysis released ahead of President Biden's trip to Chicago on Thursday.

Why it matters: That's a lot higher than the average fully vaccinated rate for working-age adults — 63%.

Oct 7, 2021 - Health

Pfizer asks FDA to authorize COVID-19 vaccine for younger children

Photo: Frederic J. Brown/AFP via Getty Images

Pfizer and BioNTech on Thursday said they submitted an official application asking the Food and Drug Administration for emergency use authorization for their coronavirus vaccine for children between the ages of 5 and 11.

Why it matters: If approved, it would become the first coronavirus vaccine for younger children. The Pfizer-BioNTech vaccine has full FDA approval for people 16 and older and has an EUA for those between 12 and 15.

Updated Oct 21, 2021 - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: U.S. releases updated vaccination, testing rules for foreign travelers — Moderna says COVID vaccine shows strong immune response in kids — COVID vaccines for kids are getting closer — A choose-your-own COVID booster adventure
  2. Health: Unvaccinated athletes face 21-day quarantine at Beijing Olympics
  3. Politics: Study reveals disparities in hospitals' COVID funds — DeSantis touts bonuses for unvaccinated police who relocate to Florida — Puerto Rico leads U.S. vaccination rates
  4. Education: Benefits of COVID vaccine for children outweigh risks, FDA says — Education secretary reveals limits to Biden’s mask push on states — LA extends deadline for school employee vaccinations
  5. Variant tracker: Where different strains are spreading.

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