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California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin SACRAMENTO, Calif. -- Gov. Gavin Newsom has vetoed a bill that would have stopped insurance companies from charging more than $35 for insulin . The bill would have banned Health plans and disability insurance policies from imposing any out-of-pocket expenses on insulin prescription drugs above $35 for a 30-day supply. That would have included deductibles and co-pays. Newsom, a Democrat, said earlier this year that California would soon start making its own brand of insulin. The state has a $50 million contract with the nonprofit pharmaceutical company Civica Rx to manufacture the insulin under the brand CalRx. The state would sell a 10 milliliter vial of insulin for $30. “With CalRx, we are getting at the underlying cost, which is the true sustainable solution to high-cost pharmaceuticals,” Newsom wrote in a message explaining why he vetoed the bill on Saturday. “With copay caps however, the long-te...

The Chinese military has been holding large-scale joint combat strike drills since Sunday, sending war planes and navy vessels toward Taiwan TAIPEI, Taiwan -- The Chinese Military held large-scale joint combat strike drills starting Sunday, sending war planes and navy vessels toward Taiwan, both the Chinese and Taiwanese defense ministries said. The exercises coincided with the visit of a group of German lawmakers who landed in Taiwan on Monday morning. Leading the delegation is the Marie-Agnes Strack-Zimmermann, who leads the German Parliament’s Defense Committee. The German lawmakers will meet with Taiwan President Tsai Ing-wen, as well as Taiwan’s National Security Council head and the Mainland Affairs Council, which handles issues related to China. China has stepped up its pressure on Taiwan’s Military in recent years by sending warplanes or navy vessels on an almost-daily basis toward the self-ruled island. China claims sovereignty over the island, which split from the mainl...