(WASHINGTON EXAMINER) – Gov. Gavin Newsom (D-CA) announced Friday that his state will begin manufacturing and distributing its own low-cost insulin to provide diabetics a reprieve from paying prohibitive prices for the life-sustaining medication.
Newsom allocated $100 million in the state budget he recently signed for 2022-2023 “so we can contract to make our own insulin at a cheaper price close to at cost and to make it available to all.”
“Nothing — nothing — epitomizes market failures more than the cost of insulin,” Newsom said. “California is now taking matters into our own hands.”
The post State to make its own insulin in bid to lower sky-high prices appeared first on WND.
