Biden spent billions messing up rapid test distribution
What happens when a government thinks it can distribute a consumer product more efficiently than normal retail channels? Boondoggle and failure come to mind. Two months ago, President Biden announced plans to buy 500 million at-home Covid test kits and mail them to anyone who wanted one. The Department of Defense put in orders for $1.275 billion of tests from iHealth, $340 million from Roche and $306 million from Abbott. How many tests those eye-popping figures bought from each company has never been disclosed, but Abbott, the largest test manufacturer, has a reported production capacity of 50 to 70 million tests. It is safe to assume that the quantities involved commanded an enormous portion of total manufacturing capacity.