Why does formula cost so much?
Find a Conversation
|Tue, 07-26-2011 - 5:46pm|
According to the article I posted in the newsstand below:
"[WIC] Rebates per can of formula also vary across States and ranged from 85 to 98 percent of the manufacturer’s wholesale price in fiscal 2000. As a result, the highest net price a manufacturer received for WIC- provided infant formula was only 15 percent of the wholesale price. Net prices in September 2000 ranged from 6.5 cents (per can of milk-based liquid concentrate) in Florida to 44.7 cents in Nebraska and South Dakota. For the U.S. as a whole, net prices averaged 18 cents per can in fiscal 2000. "
If the formula companies can afford to give formula to half the US population for an average of 18 cents a can (in 2000) - and you pay (how much a can if you are not on WIC?) - who is footing the bill here?