Parity Enforcement Act of 2024

The Parity Enforcement Act of 2024 strengthens enforcement of mental health and substance use disorder parity requirements in health insurance. It directly affects insurance companies and the companies that manage their plans (like third-party administrators and pharmacy benefit managers), making them liable for violations alongside plan sponsors and insurers. The bill adds new provisions to federal health laws, allowing the Secretary to assign liability percentages between these entities and expanding enforcement to cover parity violations. This changes how violations are addressed by holding additional parties accountable for failing to meet parity rules.