Will medical insurers agree to cover psychedelic trips?
…the most important reason to have insurers onboard isn’t just to save society money on treating costly mental ailments – it’s to make sure the benefits are distributed to more than just affluent individuals who can afford hours long psychedelic journeys integrated by therapy.
“Governments and corporations are selfish. Our job is to fight the bastards who are trying to make money off your illness…” said Sanjay Singhal, Canadian tech entrepreneur… mental-health spending in the US is estimated to be more than $200 billion a year, with a lot coming from the US Medicaid program… having a health insurer pay for a magic-mushroom trip or an ecstasy experience might sound far-fetched, but the psychedelics industry is already running the numbers and pitching US insurers. $1 trillion. The estimated cost of anxiety and depression on the global economy, according to the UN secretary general’s message last week [2022] for World Mental Health Day.
Original Article (Bloomberg):
Will medical insurers agree to cover psychedelic trips?
Artwork Fair Use: Kaiser family foundation
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