The Bailout which included mental health parity passed on October 3, 2008 by a vote of 263-171. All seven of Georgia’s Republican congressmen voted against the bill again.
Per CNN, “Employers and insurers were concerned that legislation would have required plans to cover a “telephone book” of conditions, raising costs beyond what companies and their workers could afford and potentially negating companies’ ability to offer any health coverage at all.
The legislation does not mandate that group health plans cover mental health or addiction treatment, only that when plans do so, the coverage must be equitable to other medical coverage. The insurance industry is now a strong supporter of the parity legislation.
The requirement for equal treatment in insurance coverage would apply to health plans that cover more than 50 employees — potentially reaching 113 million people nationwide.
Overall, the parity legislation is expected to cost the federal government about $3.4 billion over 10 years. That’s because employers will have more health expenses that they can deduct from their income taxes. ”
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