NEW YORK: With about four months left before the state’s medical marijuana program is slated to become fully operational, many insurers have no plans to cover the Schedule I drug under their current policies.
Excellus BlueCross Blue Shield, one of Western New York’s largest insurers, only covers drugs approved by the Food and Drug Administration under its current policy, a spokesman told POLITICO New York.
An Aetna spokesman echoed the sentiment, adding that the insurance company already covers Marinol, an FDA-approved drug that contains some of the same elementsas marijuana and is used to treat nausea.
Emblem Health, one of the state’s largest insurance providers, also has no plans to cover medical marijuana. Medicaid will not cover it either.