California Gov. Gavin Newsom announced on Thursday that the state will develop its own “low-cost” insulin—an essential hormone that many rely on to treat their diabetes—making the state the first in the country to pursue such an effort.
In a video shared on Twitter, he said that “people should not go into debt to receive life-saving medication.”
“Many Americans experience out-of-pocket costs anywhere from $300 to $500 per month for this life-saving drug,” he said. “California is now taking matters into its own hands. The budget I just signed sets aside $100 million so we can contract and make our own insulin at a cheaper price, close to at cost, and make it available to all.”…