NYSPA-Inspired Law Leads NYS Department of Financial Services To Recoup $3.1 Million from Insurers for Violations of Mental Health & Substance Use Disorder Parity Laws

Garden City, NY – The New York State Psychiatric Association (NYSPA) is pleased to report that the Department of Financial Services (DFS) recently recovered $3.1 million from insurance carriers doing business in New York for violations of federal and state mental health and substance use disorder parity laws. This recovery is a direct result of the Mental Health and Substance Use Parity Report Act, a state law enacted in 2018/2019, which was envisioned and championed by NYSPA.