California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin. The bill would have banned health plans and disability insurance policies from charging more than $35 for a 30-day supply of insulin.
Basically if the bill passed then insurance companies would just raise the prices of premiums or other costs to make up the difference. California is making a state-sponsored insulin manufacturer to sell insulin near or at cost in the future which is a better and more sustainable solution for fixing drug proces than passing laws that could be removed or loopholed around
Which beings up another problem of America: leaving shit for corporate entities to fix.
You know what the one thing a corporation wants to do? Make more money. They’re not there to provide a service or good unless it can somehow help turn a profit. So when politicians essentially tell companies “hey, do this thing in whatever fashion you want”, what do you think happens? They ruin it and basically pervert the issue so they can make a quick buck.
Basically if the bill passed then insurance companies would just raise the prices of premiums or other costs to make up the difference. California is making a state-sponsored insulin manufacturer to sell insulin near or at cost in the future which is a better and more sustainable solution for fixing drug proces than passing laws that could be removed or loopholed around
Until some years from now, someone gets the great idea to sell the company to private investors to pad the budget and the mess starts all over again.
And any political person in power who wants to do this will sabatoge it until it seems like a great idea since it’s doing so bad due to sabatoge.
Which beings up another problem of America: leaving shit for corporate entities to fix.
You know what the one thing a corporation wants to do? Make more money. They’re not there to provide a service or good unless it can somehow help turn a profit. So when politicians essentially tell companies “hey, do this thing in whatever fashion you want”, what do you think happens? They ruin it and basically pervert the issue so they can make a quick buck.
That’s not a reason to veto this bill.
This makes me think that CA will just charge more than 35 for insulin and he knows that so doesn’t want the law.
… this guy has made some weird vetos lately