Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government By Cassidy Morrison, Healthcare Reporter
Gov. Gavin Newsom (D-CA) announced Friday thatĀ his stateĀ will begin manufacturing and distributing its own low-cost insulin to provide diabetics a reprieve from payingĀ prohibitive pricesĀ for the life-sustainingĀ medication.
Newsom allocated $100 million in the state budget he recently signed for 2022-2023 āso we can contract to make our own insulin at a cheaper price close to at cost and to make it available to all.ā
āNothing ā nothing ā epitomizes market failures more than the cost of insulin,ā Newsom said. āCalifornia is now taking matters into our own hands.ā…
When the free market creates a monopoly on prices . Government will come in a create another monopoly . If it destroys the private monopoly . You now have the worst of both worlds .