California Gov. Gavin Newsom announced Thursday that he approved a budget that allocates $100 million for the state to create its own insulin.
that the three drug companies that control the majority of the insulin market — Eli Lilly, Novo Nordisk and Sanofi — have all significantly raised the prices of their synthetic insulin in recent decades.
"Almost every insulin-dependent person Human Rights Watch interviewed said they had rationed analog insulin because of out-of-pocket costs, taking it in ways not recommended by their physician in order to stretch their supply," the report noted. Responding to questions about the report from CBS News at the time, Novo Nordisk and Eli Lilly cited programs they had developed to lower costs for some people.
Novo Nordisk said it has a patient assistance program that provides free insulin to some low- and middle-income people. The company noted that reform"will take time so we will continue to do what we can to help people who need us now." Eli Lilly said that the"average monthly out-of-pocket cost for Lilly insulin has decreased 44%, to $21.80, over the past five years," noting that it also has programs to help people facing higher costs.
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California to make its own low-cost insulin, Newsom saysCalifornia will begin making its own low-cost insulin in an effort to make it more financially accessible amid soaring prices for the life-saving medication.
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