How does the lack of stem cell research affect insurance?

I am curious to how insurance companies could benefit from stem cell research. With medical costs on the rise and insurance companies taking a financial toll because of it, i thought that the potential cures/good outcomes from stem cell therapy could help... Please no negative/demeaning comments and please find sources if possible i would like to read about some of it

How does the lack of stem cell research affect insurance?
Well, at first the insurance companies right now are paying out the wazoo and patients have to fight to have stem cell therapy covered. My stem cell transplant (as in bone marrow transplant for the people who are uneducated) cost more than the last 3 years of cancer treatment combined.. upwards of several million for the blood bank services alone on the stem cells. And that was paid for by the American working public (I love telling people that because it stirs questions which then creates education...)





Short term these treatments cost a buttload because of the years of trials they have to go through. THere has to be some way of paying that. And actually, most of our direct medical expense is indirectly paying for the 10-30 years of testing each medicine and protocol goes through in the US before fda apporval.





In the long run, I wouldnt have needed those 3 years of leukemia treatment had I just had the transplant in the first place. On the other hand, stem cell transplant has a LOT of post treatment care associated with it. And just like any other organ transplant, I may be on meds the rest of my life. So in reality, my transplant isnt saving anyone money, its costing people more money.





And this is where people dont understand cancer cure conspiracy. Stem cell transplant is the only possible cure for leukemias lymphomas and a host of other cancers and auto immune diseases. There is NO money lost with a cure, but money gained. No one is hiding a cure to any medical issue for fear of lost revenue. Pharmacuticals and others in the medical community make (always have and always will) more money with cures than they could ever hope to make with treatment only
Reply:You seem to have a misunderstanding of the controversy over embryonic stem cell research. The restrictions currently in place have had little effect, since there's lots of research being done on quite a few stem cell lines, and like any research, the treatments are largely in the future and potential more than real. There's no way to put numbers on potential possibilities, but consider that only a fraction of a percent of potential new drugs ever see the light of day, with the overwhelming majority being dead-ends, so it's hard to get upset over it.