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Could Amazon cure the common cold? CEO Jeff Bezos’ company is reportedly working on it

Amazon’s Grand Challenge Division has ambitions to deliver – books, iphones & a cure for the Common Cold!

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Man coughing in bed with cough medicine, a thermometer, and a glass of water on his end table. (GETTY IMAGES)

Maybe soon you’ll be able to get free shipping, free streaming movies and a cure for the common cold from Amazon.

Yes, you read that right. Amazon is reportedly working on a cure for the common cold.

The company is secretly working on a cure for the condition that causes a runny or stuffy nose, sore throat, cough, sneezing, low-grade fevers and other symptoms, according to CNBC.

Amazon representatives did not immediately respond to a request seeking comment Friday.

CNBC reported that Amazon has assigned more than 100 people in its Grand Challenge division to pursue the cure.

The mission is to develop a vaccine or some other form of treatment, according to the report.

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But it might be too early to get your hopes up. The cold, which is usually caused by the rhinovirus, comes in many different forms. And that has made it notoriously hard to cure.

And even if the company comes up with a cure, who will pay for it?

The drug would need to have “almost zero side effects” and there would still be “a major question of whether insurance would pay for it,” venture capitalist and veteran diagnostics executive Mike Pellini told CNBC.

The market opportunity for Amazon is obvious. American adults get about two to three colds per year, and they typically last about seven to 10 days, according to the Centers for Disease Control and Prevention.

The best way to protect yourself from getting a cold is to wash your hands often with soap and water, avoid touching your eyes, nose and mouth, and avoid people who are sick, according to the CDC.

via – USA Today | Source – USA Today | Search  》cure common cold | rhinovirus

Insurers promise to cover coronavirus tests, relax coverage policies

So far, the CDC has picked up the tab for coronavirus diagnostics.

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Cigna announced its customers will have access to coronavirus testing "as prescribed by health practitioners." | Cigna via AP Images

A major health insurance trade group is pledging its member plans will cover doctor-ordered testing for the coronavirus amid rising confusion and concern about who will bear the cost of care in an outbreak.

America’s Health Insurance Plans made the commitment Thursday, although it’s still unclear when insurers might have to start paying for tests. So far, the Centers for Disease Control and Prevention has picked up the tab for coronavirus diagnostics. The cost picture is expected to become more complicated as more private labs and academic medical centers launch their own testing. Thursday alone, commercial labs Quest Diagnostics, LabCorp and BioReference Laboratories announced they’d launch testing for the virus.

Cigna separately announced its customers will have access to coronavirus testing “as prescribed by health practitioners” and that it intends to waive co-pays and other forms of cost sharing.

 

AHIP also promised to take steps to dissuade patients from skipping tests or treatment due to cost concerns and potentially could waive co-pays. The trade group said it would begin relaxing policies on provider networks and referrals as well.

New York, Nevada and Washington state have already ordered health plans to waive co-pays and deductibles for coronavirus testing.

CMS Administrator Seema Verma applauded the move by insurers, noting she’d spoken with AHIP President Matt Eyles Thursday morning.

She told reporters earlier in the day that people who need to get tested should check with their insurance company about coverage but that it’s a “commonly covered” diagnostic. And she reiterated that state health departments are providing testing for free.

Vice President Mike Pence who is leading the White House coronavirus task force has given assurances that Obamacare plans as well as Medicare and Medicaid will cover any testing costs.

via – Politico | Source – Politico | Search  》coronavirus medical insurance