Definition:
Mental health parity is the recognition of mental health conditions as equivalents to physical illnesses.
Historically, many health insurance companies have limited benefits for mental health to a much lower level than those available for physical conditions. Consequently, many people choose not to seek treatment, and brief therapy becomes the only option for those who do get help.
Mental health parity legislation was attached to the 2008 bailout bill, but many feel that the legislation did not go far enough. It is believed that Barack Obama’s healthcare plan will greatly expand mental health parity laws, ensuring that all Americans are able to get the mental health care that they require.
Examples:
Under mental health parity laws, insurance companies will not be able to limit benefits for mental health treatment.
