Newsom Vetoes Bill to Cap Insulin Prices, Citing Concerns Over Higher Premiums

California Gov. Gavin Newsom vetoed a bill to cap insulin prices at $35 per 30-day supply.

The bill would have banned extra costs like deductibles and copays above $35.

Newsom said California will soon start making its own low-cost insulin brand called CalRx.

Newsom vetoed the bill because he believes capping copays passes costs to consumers through higher premiums.

The bill's sponsor criticized Newsom's veto, saying it delays relief for diabetics struggling with high insulin costs.