California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin
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.
“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.
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