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Insurance premiums drop significantly 7 years after medical marijuana passage [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2023-08-17
www.marijuanamoment.net/…
“A new study in the International Journal of Drug Policy found that states with legal medical marijuana enjoyed significant reductions in health insurance premiums compared to states where cannabis remained completely illegal.
Analyzing a decade’s worth of private health insurance data from the National Association of Insurance Commissioners, researchers determined that in the years following a state’s implementation of a medical cannabis law, premiums dropped dramatically.
While the reductions were modest immediately following implementation, the study found that by seven years afterward, annual premiums had fallen $1,663 compared to states in the control group. Similar reductions were seen after eight years ($1,542) and nine years ($1,626), indicating that the decline was fairly stable over time.”
The study was on medical marijuana, not recreational marijuana.
The insurance premiums were for individuals, not group or government policies.
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[1] Url:
https://www.dailykos.com/stories/2023/8/17/2187878/-Insurance-premiums-drop-significantly-7-years-after-medical-marijuana-passage
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