California Gov. Gavin Newsom announced Saturday that the state has launched a 10-year partnership with a drug maker to produce insulin for its residents at a significantly lower cost.
said this month they will lower the cost of insulin by up to 70% and 75%, respectively.
Anthony Wright, executive director of Health Access California, a statewide consumer health care advocacy group, welcomed Newsom's announcement, saying efforts by California and others to develop a competing generic are likely a factor in getting insulin manufacturers to cut their prices."The work to develop a generic, get FDA approval and set up manufacturing will take real time," Wright said in an email.
Even with the challenges of entering a competitive, established market, Newsom said taxpayers would have"very ample protections." According to state documents, the proposed program could save many patients between $2,000 and $4,000 a year. In addition, lower costs could result in substantial savings because the state buys the product every year for the millions of people on its publicly funded health plans.
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