Bioelectronics Corp (BIEL)

[srinsocal]

RecoveryRx and Medical Insurance

1. What is the process to achieve that goal? Each Insurance company does a yearly review of treatments that it does not cover. PEMF, like dozens of other modalities, is considered 'Investigational' because of insufficient clinical data.

2. What is standing in the way of achieving that goal? Large scale clinical trials, as in thousands of patients, would be needed to overcome the 'Investigational' designation. These clinical trials would cost millions of dollars.

3. Has Biel / Kelly given up that goal and if so why? With BIEL's limited resources I don't think significant health insurance company coverage was ever an attainable goal. Turning RecoveryRx over to a OEM Partner with deep pockets and industry clout is the only way I see it happening.