ZYTO Corp. Concerned About Federal Mandates on Health Insurance in H.R. 1424
Posted on: Wednesday, 5 March 2008, 18:00 CST
ZYTO Corp. (Pink Sheets: ZYTC) is concerned about pending legislation that may increase health insurance premiums and force small companies to drop benefits.
ZYTO™ technology is used by health care professionals to make decisions on the health care needs of their clients and patients. This is accomplished through a wellness scan™, which is a bio-survey completed through a stimulus-response interchange, to more accurately select the best nutritional supplements and prescriptive options. ZYTO technology has been used for over 150,000 wellness scans. The company has a web site at http://www.ZYTO.com.
"The use of ZYTO technology can lower many health and wellness costs, so naturally we are concerned about government mandates that could raise premiums. We encourage lawmakers to consider ways to reduce insurance premiums and make health and wellness services more affordable," said Dr. Vaughn R. Cook, company founder, president and C.E.O.
The Mental Health and Addiction Equity Act (H.R. 1424) is under consideration in Congress. The bill mandates that health insurance coverage include a large number of mental disorders.
"Mental health care is a serious issue that deserves more attention, however employers should have an option to provide health plans of various coverages including nutraceutical solutions. This approach could significantly reduce costs and make insurance more affordable," said Cook.
Increased premiums will cause expense to both employers and employees who already believe premiums are too high.
"We hope business owners, managers, and concerned employees will make their views known to their members of Congress by calling the Capitol Hill switchboard at 202-224-3121," said Cook.
About ZYTO Corp.
ZYTO Corp. is a biotechnology company that uses quantum science to enable computers to communicate with the human body and mind. ZYTO technology revolutionizes the way people make decisions.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.
Source: Business Wire
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