First large insurance company is ceasing coverage of Avastin breast cancer drug

Blue Shield in California, which is a health insurance company with 3.2 million members… is the first among the large insurers in the company to announce that they will no longer be providing coverage for the breast cancer drug called Avastin, following a unanimous recommendation by a federal advisory committee that the Food and Drug Administration rescind the medication’s approval as a treatment for the disease, stating that patients were not helped by its use. That said, Avastin is still holding onto its approval, as commissioner Dr. Margaret A. Hamburg…

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