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When Congress approved the $700 billion rescue plan, it also passed one of the most significant mental-health bills in U.S. history - the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008. It requires group insurance plans to cover mental illnesses the same way as physical ones (no more higher co-pays, deductibles and limits on hospital stays). For more than a decade, Senator Peter Domenici pioneered the fight for such legislation. Last year, the 76-year-old Republican announced he suffers from a degenerative brain disease and would not seek another term...
...place to put them ultimately. If it's some average worker trying to find a place for their kid to spend a week or something for treatment and medicine, it's pretty damn expensive. How does this bill address those problems? This bill targets insurance plans that cover more than 50 employees. About 113 million people, we figure, are in group insurance plans that have, as part of their health care, mental health coverage. All of those, now, will have imposed on their insurance policy by operation of law that the insurance company will pay for mental health treatment...
...fishermen still blame for limiting their catches. If Brown fails to retrieve British cash from Iceland, a wider swath of the population - all British taxpayers, in fact - will feel the effects this time around. His chancellor, Alistair Darling, promised U.K.-based private investors on Wednesday that the government would cover their full potential losses after IceSave, an Internet subsidiary of Landsbanki that attracted customers with a range of high-interest products, ceased trading...
...three a month later. In July, Kitty Ussher, then Economic Secretary to the Treasury and now a minister in the Department for Work and Pensions, was quizzed by an influential House of Commons committee after newspapers reported that the Icelandic Deposit and Investors Guarantee Fund had insufficient resources to cover its potential liabilities. "Are you satisfied, Minister, that British investors in Icelandic banks are fully guaranteed in the event of a bank collapse, then?" wondered Michael Fallon, the Conservative MP who chairs the committee. "I am satisfied that the law exists to guarantee them, yes," replied Ussher. Fallon persisted...
...things. After the French government pledged to guarantee all money in private savings funds, a poll published Friday by the daily Le Figaro showed 79% of the public expressing confidence in the stability of the banks. A similar poll in Germany found 57% feeling protected by government promises to cover private savings...