Business
Novus Expands Medical Cannabis Benefits
Novus Expands Medical Cannabis Benefits.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"Further Establishing Cannabis In Mainstream Health Insurance Infrastructure MIAMI, FL / ACCESSWIRE / February 12, 2018 / Novus Acquisition and Development, Corp. (OTC PINK: NDEV), through its wholly-owned subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, liability, annuity and accident, and, the nation's first carrier/aggregator offering a cannabis health plan, today is proud to announce expansion of health benefits packages to Novus Cannabis MedPlan.Coming in March 2018, Novus Cannabis MedPlan will expand cannabis health packages to further position cannabis health insurance in mainstream healthcare. Aside from our current cannabis benefits, Novus will be adding benefits that incorporate: Psychological and behavioral health tele-counseling (PTSD and other debilitating ailments) Caregiver support Chiropractic Long-term elder care Alternative medicine Telemedicine offering treatment via the patient's computer or mobile device as an anytime, anywhere consultation with U.S. board-certified doctorsAll benefit packages were designed to be competitively priced to other healthcare insurance carriers, giving our patient/members 50%-65% cost reduction on traditional out-of-pocket medical expenses. This dramatically improves access to treatments as we continue to grow our patient/members and reach a larger consumer market base that can augment their healthcare coverage(s), thereby improving health outcomes at reduced out-of-pocket expenses of their healthcare.Insurance Deductibles Remain High For Americans in 2018To date, 30 states plus Washington, DC have some deprivation to healthcare coverage under the Affordable Care Act, with over 4 million of American citizens will be deprived of proper health insurance coverage in 2018. Our analysis gives our growing patient/member baseless restrictive network plans than most Health Maintenance Organizations (HMOs) which continue to dominate the exchange market, with 73% of the 2018 market comprised of restrictive network plans, up from 68% in 2017 and 54% in 2015.Novus Chief Executive Officer, Frank Labrozzi, states, \"Insurers focusing on narrow network exchange products that enable them to offer competitive premiums with high deductibles and manage medical costs, come at a lower price tag for patient/members but greater out-of-pocket expenses as deductibles c...