California is single handedly trying to solve all of America’s economic problems. Next up: transforming the pharmaceutical market
Gov. Gavin Newsome is tackling another major economic issue for many of California’s 40 million residents: the state will spend $100 million to begin manufacturing its own low-cost insulin, the life-saving diabetes medication, possibly upending the pharmaceutical market in the process. “Public ownership in pharmaceuticals can be a vehicle for the designs we need to rein-in drug prices,” Dana Brown, Director of Health and Economy at the Democracy Collaborative told Fortune.
Publication date: 2022-07-09
Parent publication: Fortune
Publication URL: https://fortune.com/2022/07/09/california-insulin-health-care-gavin-newsom/