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Tuesday, July 01, 2014 3:04:58 AM
Just like marriage, your health plan now takes a vow to you when they take your business. Health insurers will be barred from dropping people from coverage when developing cancer. Health plans are prohibited from denying coverage to children up to age 19 with pre-existing conditions such as cancer. It will be very expensive to insurance companies if doctors continue with the treatments that are in place today. A new and less expensive treatment, if not the cure, is needed in order for them to continue profiting. Big Pharma can not prevent the change and it is happening already. For instance, in Colorado The Right to Try Act was enacted where the FDA is bypassed and the insurance company does not have to deal with the problem. Another change happened when Obama signing the Food and Drug Administration Safety and Innovation Act of 2012, which equips FDA with tools intended to expedite the development and review of innovative new medicines that address certain unmet medical needs, and with new authority concerning drug shortages, among other things. The law significantly changes the old law in several respects that will have considerable short and long term effects on the regulated industry that has been forever under the control of big pharma.
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