Earlier quoted context omitted.
It's not entirely fair, but mostly
It’s complete bullshit and we can safely dismiss out of hand.
You should try living in California sometime so you'll see first hand
Governor Newsom announces California will make its own insulin
131–140 of 232 posts
Re: Governor Newsom announces California will make its own insulin
#132Earlier quoted context omitted.
Because pharmaceutical research is hitting a wall in many areas, and companies are “catching and killing” generic manufacturers specifically to extract more revenue from long invented products. Government should absolutely play in this space. Hell, one of the primary anti-fungal creams (NYStatin) was developed by a female researcher and state employee in the 1960s.
But it’s not a new insulin, it’s just some manufacturer. Plenty of generic insulin’s exist already. Why build a new plant just to make something that’s already sold?
You can lock in the costs. Drug prices are increasing faster than inflation. We’ll have a republican congress in the the new year that won’t be lowering drug prices via policy.
California has enough diabetics on Medicaid, etc that they can make a capital investment and lock in a less steep cost curve. They don’t need to pay taxes, can borrow at lower rates, and don’t need to make money.
Big players always do stuff like this when constraints exist. Walmart, Apple, Amazon are buying up ocean and air freight assets to skip the lines, for example.
Re: Governor Newsom announces California will make its own insulin
#133Re: Governor Newsom announces California will make its own insulin
#134Earlier quoted context omitted.
The period you mentioned is one of the most prosperous periods in history. It is easy to look good with everything in your favor.
Then why didn’t other states also do as well with everything in their favor?
Coastal regions are always more prosperous.
Re: Governor Newsom announces California will make its own insulin
#135Sometimes I feel like this is the endgame where the US overall kind of declines but California starts managing itself better and operates almost like an independent country. Probably wishful thinking but would be great.
I can’t relate at all to that sentiment. California has got to be one of the most bloated and wasteful state governments in the entire US. High taxes and nothing to show for it. The entrenched far left seems bent on destroying the middle class, driving out business, regulating everything to death and displacing merit as a selection factor. Whatever glory Cali has— tech, entertainment, farming, weather, natural beauty…
California's government is center-right. There is no far left party in US politics. That's why you don't have affordable higher education or healthcare, why your infrastructure is decaying, why you don't have nice public transit, etc.
It's also why your taxes are so high with nothing to show for them. Turns out austerity is expensive for most people. Canada and Mexico have cheap insulin because their governments are only willing to put up with so much profiteering in medicine. One has to ask why the US government is. Is that because of the far left, too?
Re: Governor Newsom announces California will make its own insulin
#136Quoted post unavailable.
You have karma to burn, but I don't think that's the take you think it is.
Re: Governor Newsom announces California will make its own insulin
#137Earlier quoted context omitted.
Poor choice of example. Oracle is still very much in California. Literally zero offices have been shuttered and they've been hiring like crazy. Austin is an expansion .
Openworld will never be in California again. https://www.oracle.com/openworld/
Good.
Re: Governor Newsom announces California will make its own insulin
#138Earlier quoted context omitted.
It’s complete bullshit and we can safely dismiss out of hand.
You should try living in California sometime so you'll see first hand
The fact that you called it Cali is pretty good evidence that you don’t live here
Lol, and now you edited it out. Case in point.
Re: Governor Newsom announces California will make its own insulin
#139Quoted post unavailable.
Who cares what Oracle is doing? It's not like they've innovated in the last decade.
Re: Governor Newsom announces California will make its own insulin
#140Earlier quoted context omitted.
Poor choice of example. Oracle is still very much in California. Literally zero offices have been shuttered and they've been hiring like crazy. Austin is an expansion .
Openworld will never be in California again. https://www.oracle.com/openworld/
Works for me.