Never mistake partially worded LinkedIn posts for accuracy, Claiming that obtaining an NDC number will trigger "Green as in Money" insurance payouts for an unapproved OTC cannabinoid patch relies on investor misunderstanding. Insurance companies do not pay for unapproved OTC supplements just because they hold a 10-digit tracking barcode.
Word for word...."Assignment of an NDC number does not in any way denote FDA approval of the product... Neither inclusion in the NDC Directory nor possession of an NDC number is a determination that a product is covered or eligible for reimbursement by Medicare, Medicaid or other payers." > — U.S. Food and Drug Administration (21 CFR 207.37)
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Word for word...."Assignment of an NDC number does not in any way denote FDA approval of the product... Neither inclusion in the NDC Directory nor possession of an NDC number is a determination that a product is covered or eligible for reimbursement by Medicare, Medicaid or other payers." > — U.S. Food and Drug Administration (21 CFR 207.37)
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