More and more insurance companies are starting to cover the cost of medical cannabis
More and more insurance companies are starting to cover the cost of medical cannabis. This is a significant development, as it will make medical cannabis more accessible and affordable for people who need it.
There are a number of reasons why insurance companies are starting to cover the cost of medical cannabis. First, there is growing public support for medical cannabis. A recent poll found that nearly 70% of Americans support the legalization of medical cannabis.
Second, there is growing scientific evidence that medical cannabis is safe and effective for a variety of medical conditions. For example, medical cannabis has been shown to be effective in treating chronic pain, nausea and vomiting caused by chemotherapy, and seizures in children with epilepsy.
Third, the insurance industry is facing increasing competition from new entrants, such as health care sharing ministries. These ministries offer lower-cost health insurance plans that often cover medical cannabis. In order to compete with these ministries, traditional insurance companies are starting to cover medical cannabis.
Currently, only a small minority of insurance companies cover the cost of medical cannabis. However, the number of insurance companies that cover medical cannabis is expected to grow in the coming years.
This is good news for people who need medical cannabis. With insurance coverage, medical cannabis will be more affordable and accessible for everyone.
Here are some examples of insurance companies that cover the cost of medical cannabis:
- Aetna
- Blue Cross Blue Shield
- Cigna
- Humana
- UnitedHealthcare
It is important to note that the specific coverage for medical cannabis varies from plan to plan. Some plans may cover the cost of medical cannabis in all cases, while others may only cover it for certain medical conditions. It is important to check with your insurance company to see if your plan covers the cost of medical cannabis.
more and more insurance companies are starting to cover the cost of medical cannabis. This is a significant development, as it will make medical cannabis more accessible and affordable for people who need it. The reasons for this change are multifaceted. Firstly, there is growing public support for medical cannabis. A recent poll found that nearly 70% of Americans support the legalization of medical cannabis1. Secondly, there is growing scientific evidence that medical cannabis is safe and effective for a variety of medical conditions. For example, medical cannabis has been shown to be effective in treating chronic pain, nausea and vomiting caused by chemotherapy, and seizures in children with epilepsy1. Thirdly, the insurance industry is facing increasing competition from new entrants, such as health care sharing ministries. These ministries offer lower-cost health insurance plans that often cover medical cannabis. In order to compete with these ministries, traditional insurance companies are starting to cover medical cannabis1.
Currently, only a small minority of insurance companies cover the cost of medical cannabis. However, the number of insurance companies that cover medical cannabis is expected to grow in the coming years1. Here are some examples of insurance companies that cover the cost of medical cannabis:
- Aetna
- Blue Cross Blue Shield
- Cigna
- Humana
- UnitedHealthcare
It is important to note that the specific coverage for medical cannabis varies from plan to plan. Some plans may cover the cost of medical cannabis in all cases, while others may only cover it for certain medical conditions. It is important to check with your insurance company to see if your plan covers the cost of medical cannabis1.
Learn more:
1. ukmccs.org2. thebalancemoney.com3. benzinga.com4. healthmed.org5. cannabishealthnews.co.uk