The bill would have banned health plans and disability insurance policies from charging more than $35 for a 30-day supply of insulin. Newsom vetoed the bill because he said it would prompt insurance companies to increase monthly premiums.
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.
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.of insulin. 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.
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