California is single handedly trying to solve all of America’s economic problems. Next up: transforming the pharmaceutical market

Gov. Gavin Newsome is tackling another major economic issue for many of California’s 40 million residents: the state will spend $100 million to begin manufacturing its own low-cost insulin, the life-saving diabetes medication, possibly upending the pharmaceutical market in the process. “Public ownership in pharmaceuticals can be a vehicle for the designs we need to rein-in drug prices,” Dana Brown, Director of Health and Economy at the Democracy Collaborative told Fortune.

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