The bill would have banned insurance companies from charging more than $35 for insulin.
Gov. Gavin Newsom took action on a slew of bills over the weekend and has until Oct. 14 to act on legislation that lawmakers have sent to his desk.
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.. 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.
"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.
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