According to the report, in 2014, the Obama Administration signed a
contract with Philips to add 10,000 ventilators to the nation’s stockpile by June 2019. Though Philips delayed the fulfillment until November 2019, had they been held to that deadline, the nation would have had plenty of ventilators for when the coronavirus epidemic started in March 2020.
However, the Trump Administration granted Philips three extensions.
“On January 21, 2020, when the first coronavirus case was
reported in the United States,” the report states, “Philips
approached the Trump Administration about accelerating the delivery of ventilators under its existing contract. The Trump Administration ignored this opportunity, and for six weeks, it did not respond to Philips’ offer.”
When Peter Navarro — Assistant to the President, Director of Trade and Manufacturing Policy — and other senior officials in the White House negotiated a new contract with Philips, they ended up scrapping the Obama-era terms and
agreed to pay almost five-times the price set under those terms.
While Philips had sold ventilators to other purchasers for prices as low as $9,327 per unit, the Trump Administration ended up paying $50,000 per unit.