May is Mental Health Awareness Month, and earlier this month Milliman Principal Steve Melek released a new white paper, “Preparing for Parity,” which addresses some of the key issues for insurers as they look to implement the new mental health parity requirement. The requirement could have cost and business benefits for employers:
Isn’t this a great opportunity to change for the better? An investment in more effective behavioral healthcare treatment is an opportunity to improve not only mental health but also physical health in our insured populations. Such health improvements can lead not only to lower healthcare costs, but improved productivity among employees.