Current Events > Gavin Newsom vetoes bill aimed at capping prices on insulin

(+) Yeah! (+)

https://www.msn.com/en-us/health/other/california-gov-gavin-newsom-vetoes-bill-aimed-at-limiting-the-price-of-insulin/ar-AA1hTjad

SACRAMENTO, Calif. (AP) Gov. Gavin Newsom has vetoed a bill that would have stopped insurance companies from charging more than $35 for insulin.
The bill would have banned health plans and disability insurance policies from imposing any out-of-pocket expenses on insulin prescription drugs above $35 for a 30-day supply. That would have included deductibles and co-pays.
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.
With CalRx, we are getting at the underlying cost, which is the true sustainable solution to high-cost pharmaceuticals, Newsom wrote in a message explaining why he vetoed the bill on Saturday. With copay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.
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.
This is a missed opportunity that will force them to wait months or years for relief from the skyrocketing costs of medical care when they could have had it immediately, Wiener said in a news release.
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.
In January, California Attorney General Rob Bonta sued the companies that make and promote most of the nation's insulin, accusing them of colluding to illegally increase the price.
In March, the largest insulin makers announced they would voluntarily reduce the price of their products.

Completely reasonable, these billion dollar pharmaceutical companies need to make massive profits too

Huh, thought that med already was

So it looks like his justification is that they plan on releasing their own sort of brand of insulin for cheaper...but how does that help people in the meantime waiting for that to be viable enough for the whole state?

Let's leave not capping insulin prices to the sacks of shit that is all Republicans and Manchin, k thx.

Much like Americas gun problem, the way to fix the healthcare problem is actually less regulation (just like how less regulation on guns solves gun crime), despite the evidence to the contrary. Good on Newsom for preventing regulation

what

Rika_Furude posted...

Much like Americas gun problem, the way to fix the healthcare problem is actually less regulation (just like how less regulation on guns solves gun crime), despite the evidence to the contrary.

"despite the evidence to the contrary"

Kradek posted...

How do you figure that "fixing the gun problem" involves less regulation when reality constantly demonstrates the opposite?

Conservatroll

Kradek posted...

How do you figure that "fixing the gun problem" involves less regulation when reality constantly demonstrates the opposite?

I meant the opposite of what I said. I thought the evidence to the contrary statement made that obvious given how false it was

Newsom fuckin sucks

Rika_Furude posted...

I meant the opposite of what I said. I thought the evidence to the contrary statement made that obvious given how false it was

My bad, hari-kari'd my post to regain its honor.

not sure what them making a $30 generic has to do with good reason to veto the bill

unless they think they will need to raise the price of their $30 generic so they don't want a law preventing it

Maybe making a law calling prices on a private company's product would have had some legal trouble since they're trying to make their own version of the product

If it was just as easy as capping the price, why bother making your own version?

DarthAragorn posted...

Newsom fuckin sucks

Coastal "progressives" are the most spineless, mealy mouthed, feckless losers in the world.

Well if it isnt Veto Corleone at it again

Thank God my insulin is free.

Why does California have a Republican governor

Doe posted...

Why does California have a Republican governor

The future of the Democratic party is Republican, apparently.

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.
With CalRx, we are getting at the underlying cost, which is the true sustainable solution to high-cost pharmaceuticals, Newsom wrote in a message explaining why he vetoed the bill on Saturday. With copay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.

seems reasonable

sucks for the people dealing with it right this moment, but in the long run seems like the better option

Doe posted...

Why does California have a Republican governor

They dont

What else was in the bill and why did he veto it?

Dude was a frontrunner for 2028 and is completely demolishing his chances with these fucking vetoes

Rika_Furude posted...

Much like Americas gun problem, the way to fix the healthcare problem is actually less regulation (just like how less regulation on guns solves gun crime), despite the evidence to the contrary. Good on Newsom for preventing regulation

When was it that you 'solved gun crime'?

(Though I suspect this post is satire. So difficult to tell these days).

ai123 posted...

When was it that you 'solved gun crime'?

(Though I suspect this post is satire. So difficult to tell these days).

It is satire

fuck it Ill go back and add a /s

Rika_Furude posted...

It is satire

fuck it Ill go back and add a /s

You already know people on CE struggle very hard to read. You gotta help people out as much as you can or they'll trip over themselves to misinterpret your posts.

Antifar posted...

With CalRx, we are getting at the underlying cost, which is the true sustainable solution to high-cost pharmaceuticals, Newsom wrote in a message explaining why he vetoed the bill on Saturday. With copay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.

He's right. Keeping the costs more visible and having the state produce affordable insulin is much better. Also, by doing this, people will be more likely to purchase state insulin than that from other companies due to the cost difference not being hidden.

WingsOfGood posted...

not sure what them making a $30 generic has to do with good reason to veto the bill

unless they think they will need to raise the price of their $30 generic so they don't want a law preventing it

$30 vs $35 isn't much of a difference. While $30 vs $275 is massive. By not capping the price, he's making their insulin the go to version. This allows them to put more pressure on the companies way over charging.

The man finds the weirdest excuses to veto indisputably good bills.

And a lot of the people defending him in my topic are nowhere to be found here. Curious.

Bowing to big pharma?

with this guy it's always one step forward, two steps back.

Kradek posted...

So it looks like his justification is that they plan on releasing their own sort of brand of insulin for cheaper...but how does that help people in the meantime waiting for that to be viable enough for the whole state?

It doesn't help, he's just full of shit and a corporate asset.

this is Newsom. he was always slimy and bought off by corporations.

does this surprise anyone?

"Yeah your insulin will only cost $35/month at most, but you'll never hit your deductible like that!"

[LFAQs-redacted-quote]

Don't you have a wife to not fuck?

Cpt_Pineapple posted...

was wondering why I have TC tagged as a Trumper

I feel like this propaganda is how the right-wing dominates the political narrative in the US.

Call out a Republican for doing something right-wing and you're a radical leftist.

Call out a Democrat for doing something right-wing and you're a red cap.

Conservatives and corporate partisans have nothing in the arsenal but baseless personal attacks.

MICHALECOLE posted...

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.
With CalRx, we are getting at the underlying cost, which is the true sustainable solution to high-cost pharmaceuticals, Newsom wrote in a message explaining why he vetoed the bill on Saturday. With copay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.

seems reasonable

sucks for the people dealing with it right this moment, but in the long run seems like the better option

Makes sense. Rofl CE's reading comprehension is F-tier as usual tho.

It will most likely take years for their insulin to get into manufacture and distribution, let alone enough to supply the entire state.

On top of that, the insurance companies would have been bargaining hard with the pharmaceutical companies in the mean time so they wouldnt be eating the costs.

Additionally, when CAs insulin did become available all insurers would have switched to it immediately applying the exact same pressure waiting for CA to get its shit together will do now.

30 or 35 to end users wouldnt have mattered, everyone would still be using the cheapest one, as the insurance companies that actually have to pay would not buy the more expensive version they had to pay out of pocket for.

Kradek posted...

So it looks like his justification is that they plan on releasing their own sort of brand of insulin for cheaper...but how does that help people in the meantime waiting for that to be viable enough for the whole state?

Let's leave not capping insulin prices to the sacks of shit that is all Republicans and Manchin, k thx.

Oh, the whole reason is California wants to be able to screw people over with Insulin costs themselves, without violating their own laws.

Jagr_68 posted...

Makes sense. Rofl CE's reading comprehension is F-tier as usual tho.

So they're going to fart a bunch of new insulin products out in like the next week? It won't take years for that to come to fruition? If medication prices were capped, who gives a damn what the deductible is anyway?

Jagr_68 posted...

Makes sense. Rofl CE's reading comprehension is F-tier as usual tho.

seriously

he is literally putting into action a real solution that no other place is, hes having California make their own insulin and sell it for 30$, and people still want to bitch about him. Hes doing great things, and making tough decisions. Every one of his vetos were smart things.

And things like this is why I laugh when the trumpers say that california is a communist state.

bro they ain't even democraft.

Kradek posted...

So it looks like his justification is that they plan on releasing their own sort of brand of insulin for cheaper...but how does that help people in the meantime waiting for that to be viable enough for the whole state?

Let's leave not capping insulin prices to the sacks of shit that is all Republicans and Manchin, k thx.

I was at first thinking, oh this makes sense why he would veto it. Then I thought more and realized this asshole is doing it so his own insulin company he invested in wont have competition. It would be different if the $30 insulin was readily available, but its not.

Kradek posted...

So it looks like his justification is that they plan on releasing their own sort of brand of insulin for cheaper...but how does that help people in the meantime waiting for that to be viable enough for the whole state?

Let's leave not capping insulin prices to the sacks of shit that is all Republicans and Manchin, k thx.

Yeah I have zero problems with this.

And if a major pharmaceutical company cant produce a similar insulin product at a competitive price thats really just a problem with the pharmaceutical company. California isnt doing this because they want money; its happening because pharma is ripping people off.

He also vetoed a bill decriminalizing psychedelics.

Dude is gonna run in 2028 to the right of Biden

Crazyman93 posted...

Oh, the whole reason is California wants to be able to screw people over with Insulin costs themselves, without violating their own laws.

Capping the out of pocket cost of insurance plans doesn't cap the price drug companies charge.