Argentina and Brazil have rejected Pfizer’s demands they put up sovereign assets, including bank reserves, military bases and embassy buildings, as collateral for anticipated lawsuits over COVID vaccine injuries. Story at-a-glance:
-Pfizer is demanding countries put up sovereign assets, including bank reserves, military bases and embassy buildings, as collateral for expected vaccine injury lawsuits resulting from its COVID-19 inoculation.
-Argentina and Brazil have rejected Pfizer’s demands. According to legal experts, Pfizer is abusing its power.
-In the U.S., vaccine makers already enjoy full indemnity against injuries occurring from the COVID-19 vaccine under the PREP Act. If you’re injured, you’d have to file a compensation claim with the Countermeasures Injury Compensation Program (CICP), which is funded by U.S. taxpayers.
-A significant problem with the CICP is that it’s administered within the Department of Health and Human Services, which is also sponsoring the COVID-19 vaccination program. This conflict of interest makes the CICP less likely to admit fault with the vaccine.
-The maximum CICP payout you can receive — even in cases of permanent disability or death — is $250,000 per person, and you first have to exhaust your private insurance policy before the CICP kicks in. As reported by New Delhi-based World Is One News (WION), Pfizer is demanding countries put up sovereign assets as collateral for expected vaccine injury lawsuits resulting from its COVID-19 inoculation. In other words, it wants governments to guarantee the company will be compensated for any expenses resulting from injury lawsuits against it.
WION reports that Argentina and Brazil have rejected Pfizer’s demands. Initially, the company demanded indemnification legislation to be enacted, such as that which it enjoys in the U.S. Argentina proposed legislation that would restrict Pfizer’s financial responsibility for injuries to those resulting from negligence or malice.
Pfizer rejected the proposal. It also rejected a rewritten proposal that included a clearer definition of negligence. Pfizer then demanded the Argentinian government put up sovereign assets — including its bank reserves, military bases and embassy buildings — as collateral. Argentina refused. A similar situation occurred in Brazil. Pfizer demanded Brazil:
1. “Waive sovereignty of its assets abroad in favor of Pfizer.” 2. Not apply its domestic laws to the company. 3. Not penalize Pfizer for vaccine delivery delays. 4. Exempt Pfizer from all civil liability for side effects.
Brazil rejected Pfizer’s demands, calling them “abusive.” As noted by WION, Pfizer developed its vaccine with the help of government funding, and now it — a private company — is demanding governments hand over sovereign assets to ensure the company won’t lose a dime if its product injures people, even if those injuries are the result of negligent company practices, fraud or malice.
Aside from Argentina and Brazil, nine other South American countries have reportedly negotiated deals with Pfizer. It’s unclear whether they actually ended up giving up national assets in return.
Don’t expect compensation if injured by COVID-19 vaccine
In the U.S., vaccine makers already enjoy full indemnity against injuries occurring from this or any other pandemic vaccine under the PREP Act. If you’re injured, you’d have to file a compensation claim with the Countermeasures Injury Compensation Program (CICP), which is funded by U.S. taxpayers via Congressional appropriation to the Department of Health and Human Services (DHHS).
While similar to the National Vaccine Injury Compensation Program (NVICP), which applies to nonpandemic vaccines, the CICP is even less generous when it comes to compensation. For example, while the NVICP pays some of the costs associated with any given claim, the CICP does not. This means you’ll also be responsible for attorney fees and expert witness fees.
A significant problem with the CICP is that it’s administered within the DHHS, which is also sponsoring the COVID-19 vaccination program. This conflict of interest makes the CICP less than likely to find fault with the vaccine.
Your only route of appeal is within the DHHS, where your case would simply be reviewed by another employee. The DHHS is also responsible for making the payment, so the DHHS effectively acts as judge, jury and defendant. As reported by Dr. Meryl Nass, the maximum payout you can receive — even in cases of permanent disability or death — is $250,000 per person; however, you’d have to exhaust your private insurance policy before the CICP gives you a dime.
CICP will only pay the difference between what your insurance covers and the total payout amount established for your case. For permanent disability, even $250,000 won’t go far. The CICP also has a one year statute of limitations, so you have to act quickly.
This too is a significant problem, as no one really knows what injuries might arise from the COVID-19 vaccine, or when, and this makes tying the injury to the vaccination a difficult prospect. Employers that mandate the COVID-19 vaccine will also be indemnified from liability for side effects. Instead, claims will be routed through worker’s compensation programs.
If the COVID-19 vaccines are as safe as the manufacturers claim, why do they insist on so much indemnification? Do they suspect or know something they’re refusing to admit publicly?
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