Mental Health Parity Gets Through Senate Committee
Business Insurance reports that the Senate Health, Education, Labor and Pensions Committee passed Mental Health Parity legislation out yesterday on a 18-3 vote. It is likely that the bill will pass the Senate and go the House for further action but there are no time frames yet established for that to happen.
Two factors that mitigate the potential cost of the bill are that the legislation would apply only to employers with 51 and more employees and that companies proving that costs of including the coverage increase their health costs by more than 2% in the first year and 1% in later years would be exempt from the law. That may explain why the bill has broad bipartisan support and is not opposed by the business community.