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Gavin Newsom: “We seeded this with $50 million in this first phase…”

Featuring: Gavin Newsom, Democratic | Governor of California

Gavin Newsom makes major announcement to lower prescription treatment costs

Published October 16, 2025 | Video Starts at 22:55

People see that we mean business, that this is real, that this is finally happening, that we have real resources behind it. And no one asked this was the question I was going to rhetorically ask. How much did this cost? We seeded this with $50 million in this first phase partnership. And we're looking to expand additional supports as proof of concept with the legislature. But the legislature is all in now. (22:55–23:01)

CLAIM

Asserts that $50 million was allocated for the first phase of a partnership.

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

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“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…”
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“This is a process that has unfolded over the course of the last three years.”
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“We are taking out the middlemen and we are fundamentally reducing the cost to individuals, ultimately extending that to taxpayers…”
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“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…”
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“Currently, if you look at the pricing that exists, the lowest pricing you can find is about $89 average price north of $300.”
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“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.”
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“We're the largest purchaser in this country.”
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“Blue Shield... put this on their formulary.”
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“We hope this disruption will lower, as you saw with naloxone... significant decline in costs.”
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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…”
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“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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