Federal legalization of medical marijuana could save the U.S. health care system up to $29 billion annually, according to a recent study by Leafwell published in Applied Health Economics and Health Policy. That's what it means.
The study found that employers in states with medical marijuana programs had 3.4% lower premiums for individual coverage plans compared to employers in states without legal access to medical marijuana. . Additionally, employers in states with legal access to medical marijuana saved an average of $238 per year per individual premium and $348 per year per employee-plus-one insurance package, the study found. I'm guessing.
“A company with 50 employees in a state with a medical marijuana law can expect to spend $14,650 less annually on health insurance premiums than a similarly sized company in a state without a medical marijuana law.” — Excerpt from Leafwell Report
Leafwell also found that if all 50 states had implemented comprehensive medical marijuana reform, employers would have seen $14.9 billion in savings for single coverage plans and $8 billion for employee-plus-one coverage plans. I assumed it would be. Meanwhile, for employees, savings are expected to be $4.2 billion annually for single coverage plans and $2.3 billion for employee-plus-1 plans.
In total, legal cannabis programs in all 50 states will reduce U.S. health care costs by 0.65%, totaling $4.5 trillion in 2022, representing a potential savings of $29 billion.
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graham abbott
Based in Portland, Oregon, Graham is the editor-in-chief of Ganjapreneur. He has been writing about the state of legalization since 2012 and has contributed to Ganjapreneur since its official launch in 2014.
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