Vials of insulin at a factory in France | PATRICK HERTZOG/AFP via Getty Images
Insulin prices are so high that California has decided to make its own, California Governor Gavin Newsom said on Thursday. $100 million of the state’s budget will be put into the effort, which seeks to make the lifesaving drug more affordable after years of skyrocketing prices.
“Nothing epitomizes market failures more than the cost of insulin,” Newsom said in a brief statement posted online, noting that patients can pay $300–$500 a month for the drug.
California is going to make its own insulin.
It’s simple. People should not go into debt to get life-saving medication. pic.twitter.com/yB4mpGjtQO
— Gavin Newsom (@GavinNewsom) July 7, 2022
Insulin is a hormone produced in the body that helps people regulate something called glucose,…