Posted on 10/08/2023 6:23:16 PM PDT by lowbridge
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.
The California governor, a Democrat, said earlier this year that the state would soon start making its own brand of insulin. California has a $50m contract with the non-profit 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 co-pay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.”
State senator 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.
(Excerpt) Read more at amp.theguardian.com ...
Civica funds his campaign.
Jerk.
He did something “non-commie”...unbelievable!
And why would other drugs not be given such caps?
And why just $35 - less than three hours of work per month at the California minimum wage?
FYI 49 states allow you to buy r and n insulin at Walmart for $25 dollars a vile.
Overcharging for insulin is a racket. CVS Caremark charges Aetna something like $125 a vial, but I can buy it over the counter at Walmart for $25. Brand name, Novolin R, made in Denmark, not a Chinese generic.
The difference? CVS Caremark is wholly owned by Aetna, and they do this to get around federal regulations limiting the amount of overhead a medical insurance plan can book.
This undoubtedly is true for most if not all prescription drugs.
Oh, that's gonna be good stuff!
Folks like Newsome get their way, they will own all means of production of medicine, and decide who gets it , and at what price.
I’d have his bank accounts examined to determined how much of the bribe is taxable...
Was there anything else in the bill that caused the veto? Dems are masters at packing unrelated BS into the bill while naming it after an endearing cause.
The check cleared.
Because, if he signed that law, the company would just stop selling the product. Sorry, but there is afloor cost for them to operate in California, insurance, safety, handling, etc. If they cannot meet their price point, it makes no difference what you set the rpice at. The bottom price is 0, and the product is not available.
Just like the real minimum wage is 0, and you don’t have a job.
“He did something “non-commie”...unbelievable!”
No, it’s OBVIOUS that he wants Biden’s job. Pretty much everything he’s doing now is to position himself for that.
It looks like it is not quite that simple....WalMart cut a deal with Novo-Nordisk (Denmark) for a “generic”/”Relion” version that is exclusive to WM...CVS not in on the deal (they pay reg. price):
The WM/Novo-Nordisk topic is a few paragraphs in...here:
https://www.novonordisk-us.com/products/diabetes.html
We could always cut costs by going back to cow/pig derived insulin...the new stuff is “bio-similar/equivalent” genetically modified stuff....(more costly).
UK socialized medicine still uses animal derived insulin (”Hypurin”)...not cool/”hip” enough for US doctors?? Who knows?
https://www.diabetes.co.uk/insulin/animal-insulin.html
https://americanhistory.si.edu/blog/2013/11/two-tons-of-pig-parts-making-insulin-in-the-1920s.html
“Insulin is a hormone produced by the pancreas that converts sugar into energy.”
No, sorry, Insulin is a hormone that INDUCES the body’s cells to convert blood glucose (sugar) into energy.
“People who have diabetes don’t produce enough insulin”
No, sorry, in Type 2 cases (90% of diabetes cases), the patients produce massive amounts of Insulin (at least initially) - the problem is that the cells in the people do not respond properly, with the proper response being to convert the blood glucose into energy (as stated above).
All that means is that Newsom gets campaign donations from the business interests impacted by such a cap on insulin.
“The California governor, a Democrat, said earlier this year that the state would soon start making its own brand of insulin.”
This should terrify every diabetic in California.
Making insulin or any other medications is not the government’s job.
He’s hoping they die...Less health care costs
[He’s hoping they die...Less health care costs]
Oooh, like ObamaScare.......
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