PsychedeLinks is a curated selection of top news stories impacting business, research, and culture in the psychedelics ecosystem, crafted by Emerge Law Group’s groundbreaking Psychedelics Group.
Emerge’s Hot Take
“Insurance companies have a lot of influence over our health, and with our elected officials,” says Emerge Attorney Matt Brockmeier. “These new billing codes are a step in the right direction, but insurance companies still determine whether or not procedures and services are covered. Their cooperation and support is critical to ensuring that psychedelic medicines and therapies are accessible. And we are their customers. Not only have numerous clinical trials and thousands of years of human use in a variety of contexts demonstrated that these medicines are both safe and effective, studies have shown that they are actuarially cost-effective. While we should keep pressuring our elected officials to follow modern science and update the Controlled Substances Act and corresponding state laws, we also need to insist that insurance companies cover things like psychedelic assisted therapy.“
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