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California governor vetoes bill that would have set a $35 cap for insulin (www.theguardian.com)

submitted 1 year ago by athos77@kbin.social to c/news@kbin.social

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Bill denial for the prescription drug price cap called ‘a major setback’ for diabetics in the state

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[–] PugJesus@kbin.social 12 points 1 year ago (1 children)

No, I don't agree with his reasoning. "We can't in any way restrict corporations because they'll just raise prices" is an old canard peddled by useful idiots and corporate bootlickers, and California's insulin production won't affect the market for quite some time. But, you know, fuck the poor. They don't donate to political campaigns with unlimited funds.

[–] ampersandrew@kbin.social 6 points 1 year ago

It's restricting corporations on one charge and not another, and lowering income on one thing just puts pressure on the other to rise. It would lower a copay, and they will absolutely raise premiums to cover it, which they've historically done as drug prices rise. It also doesn't do anything for the uninsured.