California Gov. Gavin Newsom vetoes bill aimed at limiting the price of insulin

📆 10/8/2023 6:04 PM

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📆 10/8/2023 6:04 PM
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The bill would have banned health plans and disability insurance policies from charging more than $35 for a 30-day supply of insulin.

SACRAMENTO, Calif. — Gov. Gavin Newsom has vetoed a bill that would have stopped insurance companies from charging more than $35 for insulin.

Newsom, a Democrat, said earlier this year that California would soon start making its own brand of insulin. The state has a $50 million contract with the nonprofit pharmaceutical company Civica Rx to manufacture the insulin under the brand CalRx. The state would sell a 10 milliliter vial of insulin for $30.

State Sen. Scott Wiener, a Democrat from San Francisco who crafted the bill, called Newsom's veto “a major setback that will keep tens of thousands of diabetic Californians trapped in the terrible choice between buying insulin and buying food.” Insulin is a hormone produced by the pancreas that converts sugar into energy. People who have diabetes don't produce enough insulin. People with Type 1 diabetes must take insulin every day to survive.

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