MENTAL HEALTH PARITY
2004 Priority Issue
Two separate bills have been introduced requiring that insurance policies provide greater insurance coverage for mental illnesses. The most expansive bill (S.5329/A.8301) has passed the state Assembly on 3/3/04 by a vote of 131/10. The Business Council's memo in opposition. A study by Nova Rest Consulting has estimated that costs would increase 3-5%.
The Senate Majority introduced a new mental health parity bill on 5/13/04. S.7296 has a number of changes compared to the above-mentioned version. The bill does the following:
On June 18 the Assembly introduced a new version of mental health parity
The bill is a broad mental health parity that gives some small businesses
a 3% health insurance tax credit. The tax credit is not available
to sole proprietors. The Business Council is opposed to the new Assembly
version and has signed-onto the attached press
The Senate passed S. 7296 on June 22 by a vote of 41-19.
All three bills are different.
The Business Council, in conjunction with other trade associations and chamber of commerce, places a full page ad in the Albany Times Union calling for preservation of the small business exemption. Click here to view the ad.