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Biotech / Medical : GMED - GenoMed Inc.
GMED 71.07-0.7%1:31 PM EST

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From: jmhollen6/22/2005 9:48:47 AM
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GenoMed CEO Briefs AFL-CIO on How to Lower Healthcare Costs

Contact: David Moskowitz MD GenoMed, Inc. dwmoskowitz@genomed.com tel. 314-983-9933


ST. LOUIS--(June 22, 2005)--GenoMed Inc. ("the Company" or "GenoMed") (National Quotation Bureau's Pink Sheets Symbol GMED) announced today that its CEO, David Moskowitz MD, was invited to speak yesterday on lowering healthcare costs before the AFL-CIO Healthcare Taskforce at AFL-CIO headquarters in Washington, D.C.

Said Dr. Moskowitz, "Rising healthcare costs has been the number one labor issue for several years. It's possible that GM could reverse its recently announced layoffs if it found a way to lower its healthcare bill. Fortunately, GenoMed's cutting-edge medicine and cheaper drugs can save 10% of healthcare costs immediately and for years to come."

Added Dr. Moskowitz, "This message, I hope, will also be heard by our nation's fifty state Medicaid programs, which are all in the same boat. The solution some states have taken, like Tennessee and my own state of Missouri, is to simply disenroll hundreds of thousands of Medicaid recipients in order to make ends meet. Rather than cutting these people loose to die, I hope state legislators can follow the AFL-CIO's lead and learn about other options to save money. Clearly, we as a society can no longer afford to ignore 21st century preventive molecular medicine."


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