Pfizer is looking to raise the price of its COVID-19 vaccines in the United States by up to four times once Washington's purchase program ends, according to the company's U.S. president, Angela Lukin.

Pfizer's COVID-19 vaccine is presently provided free for all Americans by the U.S. government. Next year, when the U.S. public health emergency expires, the COVID-19 vaccine market will move to private insurance. The federal government is paying roughly $30 per dose for the Pfizer vaccine. When the government purchase program shuts down, Lukin expects a dose to be priced around $110 to $130.

"We are confident that the U.S. price point of the COVID-19 vaccine reflects its overall cost-effectiveness and ensures the price will not be a barrier for access for patients," Lukin said, according to Reuters.