(WASHINGTON EXAMINER) – Gov. Gavin Newsom (D-CA) announced Friday that his state will begin manufacturing and distributing its own low-cost insulin to provide diabetics a reprieve from paying prohibitive prices for the life-sustaining medication.
Newsom allocated $100 million in the state budget he recently signed for 2022-2023 “so we can contract to make our own insulin at a cheaper price close to at cost and to make it available to all.”
“Nothing — nothing — epitomizes market failures more than the cost of insulin,” Newsom said. “California is now taking matters into our own hands.”
