California pledges $100 million to start making affordable insulin

Insulin prices are so high that California has decided to make its own, California Governor Gavin Newsom said on Thursday. $100 million of the state’s budget will be put into the effort, which seeks to make the lifesaving drug more affordable after years of skyrocketing prices.

“Nothing epitomizes market failures more than the cost of insulin,” Newsom said in a brief statement posted online, noting that patients can pay $300–$500…