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Insulin to Cost $30 as California Secures Contract to Combat Diabetes

California will cut patients’ cost for insulin by 90% to $30, regardless of their insurance plan, Gov. Gavin Newsom announced Saturday. The state has a contract with non-profit generic-drug company Civica to obtain insulin, a hormone used for treating diabetes. When the new, cheaper drug will become available is not clear: Civica and the state Health and Human Services Agency are working to identify a manufacturing facility in California, according to the governor’s announcement. Patients who pay cash for insulin will save $2,000 and $4,000 a year, Newsom’s office said, citing “egregious ...