California governor vetoes bill that would have set a $35 cap for insulin

Bill denial for the prescription drug price cap called a major setback' for diabetics in the state

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.