California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin. The bill would have banned health plans and disability insurance policies from charging more than $35 for a 30-day supply of insulin.
If the prices are gonna drop below $35 for everyone under Newsom’s plan, what’s the problem with a cap? Insurers are going to gouge everyone as much as possible as often as possible under all circumstances. Insulin people can afford won’t change that.
This sounds like the “If we raise the minimum wage, prices will skyrocket” argument. Prices skyrocket whether we raise wages or not.
“…prices are gonna drop…” that section is the problem - “are gonna drop” is not “have now dropped”. People literally die in the meantime, however hoping that will be (and that’s if the state-backed medication is ever actually produced at scale).
Don’t think you’d be in the “what’s the problem?” camp if it were you or your grandma that needed that insulin.
If the prices are gonna drop below $35 for everyone under Newsom’s plan, what’s the problem with a cap? Insurers are going to gouge everyone as much as possible as often as possible under all circumstances. Insulin people can afford won’t change that.
This sounds like the “If we raise the minimum wage, prices will skyrocket” argument. Prices skyrocket whether we raise wages or not.
The cap here was on copay, not cap on cost of the drug. They’d still be directly overcharging people for it.
“…prices are gonna drop…” that section is the problem - “are gonna drop” is not “have now dropped”. People literally die in the meantime, however hoping that will be (and that’s if the state-backed medication is ever actually produced at scale).
Don’t think you’d be in the “what’s the problem?” camp if it were you or your grandma that needed that insulin.
Did you read the whole comment you replied to?