Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds
A newly released study, sponsored by medical cannabis Telehealth company Leafwell, reveals that adopting medical cannabis laws can lead to significant reductions in employer-sponsored health insurance costs and a general reduction in healthcare spending.
The study analyzed data from 2003 to 2022, revealing a 3.4% reduction in healthcare costs between states with and without medical cannabis laws, leading to a potential $29 billion annual savings in overall expenditures.
Cannabis And Health-insurance
The report highlights compelling evidence that medical cannabis legalization not only benefits patients but also reduces financial strain on employers.
Companies in states that have adopted medical cannabis laws saw their health insurance premiums drop compared to those in states without such policies.
To talk details:
Individual coverage plans in states with medical cannabis laws saw 3.4% lower premium costs, equating to $238 less per employee, per year.
Employee-plus-one coverage plans saw a 2.9% reduction in premium costs, …