One in five Medicare recipients currently use medical marijuana, which isn’t covered by Medicare because it’s not federally legal. It could be years before that changes.
Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug.
And marijuana isn’t cheap: Patients might pay as much as $5 per dose for edible products or $5 to $20 per gram for plant buds, according to New York Cancer & Blood Specialists, which provides care to patients with cancer and blood disorders. Even in states where medical marijuana can be legally prescribed, patients might not be able to afford the prescription.
“There is no way the federal government is going to reimburse people through a federal program for a substance they deem as illegal,” says Paul Armentano, deputy director of NORML, the National Association for the Reform of Marijuana Laws. Not likely, says Kyle Jaeger, a cannabis policy reporter and senior editor at Marijuana Moment, a cannabis news site. Like banking institutions that have hesitated to offer services to marijuana businesses, major health insurers will likely decline to cover cannabis as long as it remains a Schedule I drug under federal law.in January saying that current regulatory pathways are insufficient to allow the agency to classify CBD as a dietary supplement.
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