California getting into the business of pharmaceutics
Being Duped: The people of California:
So big government is now going to get into the business of pharmaceutics? I am pretty sure this is a bad idea and the people of California are being steered the wrong way. Sure capitalism can have its downsides but having the government run anything will only lead to more incompetence and corruption at the cost of your freedoms.
SACRAMENTO, Calif. (AP) — Gov. 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.
Newsom, a Democrat, said earlier this year that California would soon start making its own brand 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.
“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.”
State Sen. 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.”
Source: New.yahoo.com Read the full article
