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

📆 10/8/2023 9:14 AM

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📆 10/8/2023 9:14 AM
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California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin.

FILE -- California Gov. Gavin Newsom answers questions during a news conference in Sacramento, Calif., on Tuesday Sept, 26, 2023. On Saturday, Oct. 7, Newsom 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.

“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.”

“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.

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