I looked this shit up.
From https://www.theguardian.com/us-news/2023/oct/08/gavin-newsom-california-insulin-bill-35-dollar-cap which is a better article than the AP one,
“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.”
So there’s a state backed insulin manufacturer he thinks will drive down prices. He thinks if you were to force insurance companies to bring down the price of insulin then they’d push the price back into consumers through higher costs elsewhere.
The article pointed out that his excuse is weak:
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.
Why is that an excuse to begin with? Less of an excuse and more or a reason.
The reason is simple. The price of the insulin from the insurance companies is capped at 35 for a 30 day supply.
So they will just increase the price of their insurance and nothing has changed.
The article could just as well speculate that this relief will be shortlived and only last for 1 month until they raise the cost in other ways
and nothing has changed
No, the diabetics get it cheaper and the rest of us pay a few extra cents. Exactly how insurance works.
The solution, isn’t to shift the problem to insurance companies that will shift right back to consumers. Surely you don’t need to be reminded how these insurance companies treat those with “Existing conditions”?
This isn’t a good solution. The good solution, is for insulin to not be that expensive in the first place that you need an insurance company to finance it for you. Which California is working towards with their state-sponsored production.
How do you not see the hypocrisy of forcing a cap on the insurance companies, rather than the producers?
If you want to go the insurance route, diabetics shouldn’t have pay a god damn cent for insulin if they have insurance. Then, you can talk about everyone paying “a few extra cents”
I agree diabetics shouldn’t have to pay for their insulin. Let’s do that and pay a few extra cents.
The insurance route isn’t going to lead you there. And not for a few extra cents either. The cost will primarily be past down on those with diabetes increasing their premiums more than others.
The insurance companies are the entire reason why medical bills are so expensive in the first place. They are not the solution. They are the problem.
If the prices are gonna drop below $35 for everyone under Newsom’s plan, what’s the problem with a cap? Insurers are going to gouge everyone as much as possible as often as possible under all circumstances. Insulin people can afford won’t change that.
This sounds like the “If we raise the minimum wage, prices will skyrocket” argument. Prices skyrocket whether we raise wages or not.
“…prices are gonna drop…” that section is the problem - “are gonna drop” is not “have now dropped”. People literally die in the meantime, however hoping that will be (and that’s if the state-backed medication is ever actually produced at scale).
Don’t think you’d be in the “what’s the problem?” camp if it were you or your grandma that needed that insulin.
Did you read the whole comment you replied to?
Since this made me curious I looked up whether they’ll offer lispro. Looks like they will, they’re starting with three insulins: glargine, lispro, and aspart.
Are those good or just okay? I have a family member with T1 and it wreaks havoc on their finances. Feels bad.
these biologics are expected to be interchangeable with Lantus, Humalog, and Novolog respectively
They’re good, they’re the common ones used. There’s better than humalog and novolog for fast acting now but the better stuff has only been out for a few years. So it’s not extremely old and risky to use like the cheap insulin you can get at Walmart.
Thank you for the good summation.
It’s interesting how many Newsom-related news stories are being pushed by the media right now.
How many of them are him vetoing bills. Condoms, insulin, etc.
not to say thats not happening as well, but iirc the CA legislature historically has a big cram to pass most of their bills at the end of the session in september. Ive noticed the flood, too, but this happens every year, all the signing and vetoing lumped together
Well he is a complete tool. Maybe he’s trying to catch up to the ghoulish monsters running Florida and Texas.
This is the best summary I could come up with:
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.
The state has a $50 million contract with the nonprofit pharmaceutical company Civica Rx to manufacture the insulin under the brand CalRx.
“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 copay caps however, the long-term costs are still passed down to consumers through higher premiums from health plans.”
“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.
In January, California Attorney General Rob Bonta sued the companies that make and promote most of the nation’s insulin, accusing them of colluding to illegally increase the price.
The original article contains 311 words, the summary contains 162 words. Saved 48%. I’m a bot and I’m open source!
Get ready for everyone to misinterpret this….
What’s the excuse for this that everyone is expected to immediately accept or face accusations of being a rightwinger?
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
