Posted by Michael Wonder on 11 Jul 2022
U.S. California will start making its own insulin to combat high drug prices, governor says
8 July 2022 - California Gov. Gavin Newsom announced Thursday that he approved a budget that allocates $100 million for the state to create its own insulin, a response to extremely high prices for the life-saving medication that have made it inaccessible to some people with diabetes.
"Nothing epitomizes market failures more than the cost of insulin," Newsom said in a tweeted video. "Many Americans experience out-of-pocket costs anywhere from $300 to $500 per month for this life-saving drug. California is now taking matters into our own hands."
