The Governor of California Gavin Newsom has announced that the US’s most populous state will begin producing its own insulin to stem the rise of the life-saving substance, which is essential to fighting diseases like diabetes. To this end, an initial allocation of resources is starting 100 million dollars. The price rush paid offor impossible access to medicine for the sick belong to the less affluent sections of the population.
California will make its own insulin.
It’s easy. People shouldn’t go into debt to get life-saving drugs. pic.twitter.com/yB4mpGjtQO
– Gavin Newsom (@GavinNewsom) July 7, 2022
“Nothing embodies that market failure more than the cost of insulin,” Newsom said in announcing the measure. “Many Americans are forced to pay between $300 and $500 a month for this life-saving drug. there California is now taking matters into its own hands“. The governor stated that 50 million will go into development inexpensive insulin productsthe other 50 million for set up a production facility of Insulin based in California. The average price for a dose of insulin sold in neighboring Canada is US$12, while in the United States it is close to US$12 the 99 dollars. In European countries, the cost does not exceed 11 dollars.
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2019, Colorado was the first state to limit costs Insulin for privately insured. Human Rights Watch said in April that the three pharmaceutical companies that control most of the insulin market – Eli Lilly, Novo Nordisk and Sanofi – You all have significantly increased the price of their insulin synthetically in recent decades. A policy that has forced many patients to ration their use with serious harm to their health, in some cases death.
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