The governor revealed on Thursday that he allocated $100 million in state funding for California to start making its owninsulin from a state budget that he signed last week. $50 million will be used for the development of more economicinsulin products while the other $50 million will be used for a production facility in California. The new facility will bring high paying jobs to the state and create a more robust supply chain for the drug, according to the governor.
I signed an executive order to put California on the path to creating our own prescription drugs on my first day in office. California is going to make its own medicine. The cost of diabetes is the epitome of market failure. There are out-of-pocket costs for this life-saving drug for many Americans. California is now taking care of their own.
According to the Centers for Disease Control and Prevention, blood sugar can be entered into cells as a source of energy while also being told to be stored in the body for later use. According to the American Diabetes Association, people living with both type 1 and type 2 diabetes rely on injections to live, since type 1 diabetes causes the pancreas to stop producinginsulin, while type 2 diabetes complicates the body's response to it. According to a report from the healthcare cost institute, the average price ofinsulin went from $7.80 per day in 2012 to $15 per day in 2016
It could set a precedent for other states to produce their own low-cost pharmaceuticals as well.
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