(Bloomberg) — Insurers will be required to cover mental illness to the same degree as physical ailments as the Obama administration moves forward with the largest U.S. expansion of behavioral health care in a generation.
Five years after the Mental Health Parity act was passed, and almost a year after the Sandy Hook shooting, regulations to fully implement the law are being released today. The new rules mean insurers won’t be able to charge higher co-payments or deductibles for mental illness or limit the duration of care.
