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Gavin Newsom: “90% of insulins in this country, 90% share on the hands of…”

Featuring: Gavin Newsom, Democratic | Governor of California

Gavin Newsom makes major announcement to lower prescription treatment costs

Published October 16, 2025 | Video Starts at 18:03

Marking and striking a commitment to lower costs and drive through a regulatory regime to that goal and then providing access to disrupt and bypass, I'll say it, Big Pharma to disrupt this multi billion dollar market. 90% of insulins in this country, 90% share on the hands of just three big companies. And they have been gouging you for years and years and years. They're also gouging Americans by five to ten times what our European counterparts are currently paying. (18:03–18:12)

CLAIM

Asserts that three companies control 90% of the insulin market in the U.S.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“$11 per pen, $55 for a month's supply of this long lasting insulin.”
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“There's no other state in the United States that provides universal health care regardless of pre-existing condition, ability to pay or…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 16:48-16:59
“They're also gouging Americans by five to ten times what our European counterparts are currently paying.”
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“It's clear violation of the law under Posse Comitatus to send the military to do domestic policing in the United States of America.”
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“We will be the first state to provide this not subsidized insulin, but lower cost insulin available to anyone and everyone at pharmacies and…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 11:59-12:15
“This is a process that has unfolded over the course of the last three years.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 12:24-12:28
“We are taking out the middlemen and we are fundamentally reducing the cost to individuals, ultimately extending that to taxpayers…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 13:42-13:53
“Including some FDA approvals that are in front of us next year, to some trials in terms of our manufactured products that will be occurring…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 14:00-14:11
“Currently, if you look at the pricing that exists, the lowest pricing you can find is about $89 average price north of $300.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 15:37-15:48
“Now in California, starting in January, we'll get that [insulin price] down to $55.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 15:56-16:02
“We're the largest health care system in the United States of America.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 21:54-21:57
“We're the largest purchaser in this country.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 21:56-21:59
“We seeded this with $50 million in this first phase partnership.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 22:55-23:01
“Blue Shield... put this on their formulary.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 24:09-24:14
“We hope this disruption will lower, as you saw with naloxone... significant decline in costs.”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 24:18-24:28
“We shifted last year with the legislature. We actually are using some of that money for our inhaler initiative in the public schools through…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 26:35-26:45
“We made the determination with biocon that their existing facility in Virginia was more than adequate to provide enough manufactured product…”
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“An additional $1.1 billion of new grants that we provided the DA DA S across the state, sheriff's departments across the state, as well as…”
Gavin Newsom makes major announcement to lower prescription treatment costs | Uploaded October 16, 2025 | 31:31-31:45
“We have now over 1,000 new California highway Patrol officers that we've recruited over the course of the last few years, the largest…”
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