PPT - Implications/Impact of Parity Legislation and Healthcare Reform for Behavioral Health: Systems Perspectives PowerPoint...
Implications/Impact of Parity Legislation and Healthcare Reform for Behavioral Health: Systems Perspectives. Chuck Ingoglia Vice President, Public Policy National Council for Community Behavioral Healthcare. Healthcare Reform and the Behavioral Health Safety Net Overview. Slideshow 383249 by...
Mental Health Parity - Encyclopedia of Social Work
Continuing a history of inequity, private insurers have placed restrictions and limitations on coverage for mental health conditions making access to treatment services increasingly more challenging. A state-by-state advocacy movement has led to the enactment of various state laws to require mental health parity. With the Clinton Administrations attempt at health care reform, mental health parity became part of the health reform debate and led to the passage of the Mental Health Parity Act of 1996. The inadequacies of this law were partially corrected in the Mental Health Parity and Addiction Equity Act of 2008, which included mandated coverage for substance use conditions. The Obama Administration in 2011 included these provisions in the Patient Protection and Affordable Care Act, which does not require compliance monitoring nor does it provide a definition for
Schizophrenia Daily News Blog: US Senate Passes Mental Health Parity Bill
As weve covered in the past - mental health insurance coverage is extremely poor in the US; with many people left uncovered at all or very low maximums (in terms of dollar amounts spent on mental health) that results in family bankruptcies and great financial insecurity.. With this in mind, the news that the US Senate has passed a new bill mandating mental health parity provides some hope that things will get better for the mentally ill, and the families of the mentally ill in the future.. The Washington Post notes: The bill, which passed by unanimous consent, moves advocates one step closer in their years-long quest for a concept known as mental health parity.. The passage tonight of the Mental Health Parity bill underscores our commitment to treat all patients facing all diseases with the dignity and respect they deserve, said Sen. Edward Kennedy, Democrat-Massachusetts. This new legislation will bring dramatic new help to millions of Americans who today are denied needed mental health ...
Mental Health Parity -
Resources
Left untreated, mental health and substance use disorders can be debilitating and life-threatening. Parity laws are federal and state regulations that remove limits imposed by health insurers on access to mental health benefits that are more restrictive than those imposed on medical and surgical benefits.. Prior to 1996, many Americans paid for health insurance that often did not recognize that treatment for mental health and substance use disorders is as essential as other medical treatments. The Mental Health Parity Act of 1996 required that large group health plans could not impose annual or lifetime dollar limits on mental health benefits that were less favorable than the limits imposed on medical and surgical benefits. Since then, more federal laws related to mental health parity have been passed.. For example, an important provision of the Affordable Care Act (ACA) and the Mental Health and Addiction Equity Act (MHPAEA) in 2008, ensures that health insurance plans treat mental health and ...
Congress Should Pass Mental Health Parity Legislation, Washington Post Says | California Healthline
Although time is getting short and the congressional calendar is crowded, Congress still should approve a mental health parity bill, which President Bush should sign, a |cite|Washington Post|/cite| editorial says.
Your Rights Under California Mental Health Parity Law | NAMI South Bay
Disability Rights California (DRC) Tip of the Month Puts Focus on Parity: To reduce the stigma and discrimination surrounding mental illness, DRC is empowering Californians to enforce their rights under the California Mental Health Parity Law and the Federal Mental Health Parity and Addiction Equity Act by providing information and trainings. This month, DRC is…
Mental Health Parity Law Under Attack | Psychiatric Times
Business groups and leading behavioral managed care companies have mounted a multifront attack on the new mental health parity law. The Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act (MHPAEA) went into effect on January 1, 2010, for employer plans starting after that date. However, companies have been awaiting a delayed final rule interpreting the terms of the MHPAEA.
Overcoming the Disability Epidemic: Why Mental Health Parity Matters - Disability Management Employer Coalition (DMEC)
R3 Continuum. Recently, mental health parity dodged a bullet, along with the Affordable Care Act (ACA). But what happens next remains uncertain. Heres why it matters to the nation, and why employers should care.. In 1996, the Mental Health Parity Act (MHPA) first mandated MHP in group health insurance. The MHPA applied to employer-sponsored group health plans with 50 employees or more. It was a good step toward improving access to mental health care, but it didnt mandate mental health benefits, instead only preventing different fee structures if mental health benefits were offered. In addition, it was relatively easy for employers to argue a financial hardship, and so qualify for an exemption. It made little practical difference, ultimately. For all that it was a bellwether, few additional benefits were actually made available on a federal level.. Nevertheless, from 1991 through 2008, a dozen states introduced state-level versions of parity, with a surprising outcome; in most states, total ...
Survey: Most Americans unaware of mental health parity | Behavioral Healthcare Executive
Washington, D.C. - An overwhelming majority of Americans remain unaware of a law mandating equal coverage of mental health benefits by insurance companies, a cause for concern by psychologists at a time when 25 percent of Americans are reported to have a mental health disorder and only a minority are receiving treatment. In a survey recently conducted by the American Psychological Association (APA), 87 percent of Americans said they had not heard of the Mental Health Parity and Addiction Equity Act of 2008, a federal law now in effect for people who have health insurance through a group or employer plan. And only 7 percent of respondents said they recognized the phrase mental health parity. Conducted online by Harris Interactive among 2,940 adults in December 2010, the APA survey showed that 29 percent of adults dont know if they have adequate mental health coverage and 45 percent said they are unsure if their insurances reimburses for mental health care.. Signed by President Bush in 2008 and ...
The Effects of Health Insurance Parity Laws for Substance Use Disorder Treatment on Traffic Fatalities: Evidence of Unintended...
Downloadable! Each year, 10,000 individuals die in alcohol-impaired traffic accidents in the United States, while psychoactive drugs are involved in 20% of all fatal traffic accidents. We investigate whether state parity laws for substance use disorder (SUD) treatment have the unintended benefit of reducing fatal traffic accidents. Parity laws compel insurers to cover SUD treatment in private insurance markets, thereby reducing the financial costs of and increasing access to treatment for beneficiaries. We employ over 20 years of administrative data from the national Fatal Accident Reporting System coupled with a differences-in-differences research design to investigate the potential spillover effects of parity laws to traffic safety. Our findings indicate that passage of a state parity law reduces fatal traffic accident rates by 4.1 to 5.4%. These findings suggest that government regulations requiring insurers to cover SUD treatment can significantly improve traffic safety, possibly by reducing the
What Oregons parity law can tell us about the federal Mental Health Parity and Addiction Equity Act and spending on substance...
BACKGROUND: The Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) requires commercial group health plans offering coverage for mental health and substance abuse services to offer those services at a level that is no more restrictive than for medical-surgical services. The MHPAEA is notable in restricting the extent to which health plans can use managed care tools on the behavioral health benefit. The only precedent for this approach is Oregons 2007 state parity law. This study aims to provide evidence on the effect of comprehensive parity on utilization and expenditures for substance abuse treatment services.. METHODS: A difference-in-difference analysis compared individuals in five Oregon commercial plans (n=103,820) from 2005 to 2008 to comparison groups exempt from parity in Oregon (n=19,633) and Washington (n=39,447). The primary outcome measures were annual use and total expenditures.. RESULTS: Spending for alcohol treatment services ...
Mental Health Parity Law Passed in Economic Bailout Bill
The New York Times recently covered a big step in the future of health care reform: A mental health parity law was passed in the economic bailout bill signed by President Bush on Friday, October 3rd. Health insurance companies, currently able to refuse covering treatment for a wide range of serious mental illnesses by claiming it not to be of medical necessity, will be required to offer equal coverage for both mental and physical illnesses. The law is designed to take effect by 2010.. ...
California Legislature Passes Mental Health Parity Law | Health News Florida
California lawmakers cleared a bill for one of the countrys strongest mental health parity laws. If signed, it would improve insurance coverage for substance use disorders and addiction.
California Legislature Passes Mental Health Parity Law | WUWM 89.7 FM - Milwaukees NPR
California lawmakers cleared a bill for one of the countrys strongest mental health parity laws. If signed, it would improve insurance coverage for substance use disorders and addiction.
Questions About Expanded Mental Health Parity Law | Psychiatric Times
Six months after the deadline for a final rule, 3 federal departments published an interim final rule that leaves a number of questions open about the application of the expanded mental health parity law passed by Congress in October 2008. But the penultimate version of the implementing regulations won mostly praise from psychiatrists and psychiatric hospitals.
The Impact of Mental Health Insurance and Parity - Drug Rehab Centers
Soon, we will be seeing mental health insurance being treated the same way as medical and surgical benefits. The Addiction Treatment benefits are actually going to see the same rate of return as the other surgical procedures. This was effected by the signing of the congressional economic recovery package which was done on the third…
Story | New Guide on Mental Health Parity in Workplaces | LEAD Center
February 27, 2015. The Partnership for Workplace Mental Health released a new guide on employer compliance with the Mental Health Parity and Addiction Equity Act. The Act aims to equalize insurance-related financial requirements and treatment options for employees with mental health conditions and those with substance use disorders. It prohibits covered health plans that offer mental health and substance use related benefits from imposing more restrictive financial requirements and treatment limitations on these benefits than on other covered benefits. The final rules and regulations for the Mental Health Parity Act were released in 2013. This guide is meant to serve as a reference for employers who offer mental health-related benefits as part of their employer health plan. The full guide is available from the Partnership for Workplace Mental Health website. http://www.workplacementalhealth.org/ParityGuide15 ...
Another push for mental health parity - Wisconsin Radio Network
Wisconsin's Second-in-Charge is calling on the legislature to act on 'mental health parity'.. Lieutenant Governor Barbara Lawton is urging all 132 lawmakers to support bipartisan legislation (LRB-1049/5) that would ensure equality in healthcare insurance for those with mental health disorders. She says there's still a significant stigma attached to mental illness.. And there are many people who operate under the mistaken impression that insurance coverage for mental health will cost employers more money. And what we have found in the states like our neighbor in Minnesota that has had mental health parity for over 11 years that that's not true. It doesn't increase costs.. In fact, Lawton says, Wisconsin can no longer afford the cost of UN-treated mental illness. Lawton stresses, with proper medical attention, people with mental illness can contribute to society and our economy.. We simply are not such a wealthy state that we can afford to sideline any talent ...
The Mental Health Parity and Addiction Equity Act of 2008 | Events | Chicago, IL | Foley & Lardner LLP
Foley Associate Maureen Kwiecinski is speaking at the World Research Groups 3rd Annual Capitalizing on Medical-Behavioral Healthcare Integration Conference April 28 - 30, 2009 in Chicago, Illinois.. Ms. Kwiecinski is speaking at 8:15 a.m. on April 29, 2009. Her session is titled The Mental Health Parity and Addiction Equity Act of 2008. The Mental Health Parity and Addiction Equity Act of 2008 amends the original Act of 1996 expanding its protections to include substance abuse disorder benefits and to require parity between medical/surgical benefits and mental health and substance abuse benefits. Health plans that currently provide benefits for mental health/substance use disorders are required to provide coverage that is not more restrictive than the benefits generally available for medical/surgical conditions. Similar to the Parity Act of 1996, the provisions of this Act appear in ERISA, PHSA (Public Health Service Act) and the Internal Revenue Code, and therefore its provisions apply to ...
Live and Work Well Federal Mental Health Parity
The Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) requires that benefits for mental health and substance use disorders (MH/SUD) be provided and administered in a fashion that is no more restrictive than the manner in which medical/surgical benefits are provided.. The Final Rules for MHPAEA were released on November 13, 2013 and apply to most plans as they renew on or after July 1, 2014.. For more information on MHPAEA:. Optum Summary of MHPAEA Final Rules. MHPAEA Final Rules. The Center for Consumer Information & Insurance Oversight MHPAEA Fact Sheet. Department of Labor MHPAEA Fact Sheet Your medical plan and Optum have worked together to comply with Federal Mental Health Parity. You have access to your plan documents (e.g., your Certificate of Coverage or Summary Plan Description) as well as the medical necessity and coverage determination guidelines for both medical/surgical and mental health/substance use disorder benefits. You also have access to detailed information ...
Mental Health Parity Law Extended | PLANSPONSOR
January 30, 2002 (PLANSPONSOR.com) - The protections under the Mental Health Parity Act of 1996 (MHPA) have been extended until December 31, 2002, the Department of Labor (DoL) announced.
Mental Health Parity
The Practice Organization advocates for mental health parity, prohibiting health plans from imposing treatment limitations or financial requirements on mental health benefits.
Insurers continue to dodge mental health parity law | FierceHealthcare
Many health insurers continue to dodge covering certain mental health-related costs even after Congress passed the parity law seven years ago, which bans discrimination against treating mentally ill individuals.
The Parity Law
State and federal parity laws aim to create fairness in insurance coverage. Learn more about the parity law and how it affects you.
Feds finally move on mental health parity
Washington - Department of Health and Human Services Secretary Kathleen Sebelius said Friday that the Obama administration has finalized regulations that would bar insurers from treating mental illnesses differently from other ailments.. Parity has been a longtime issue for mental health advocates, especially since Congress approved a law in 2008 that barred insurance companies from discriminating when it came to the treatment of mental illnesses.. But it was up to federal agencies to establish a rule for that law - and that has taken five years. .. If a doctor says the proper treatment for cancer or a heart attack is hospitalization, few insurers deny coverage. But its not been the same for people who require hospitalization from mental illnesses.. At a mental health conference at the Carter Center in Atlanta, where former first lady Rosalynn Carter has long been a proponent of mental health parity, Sebelius said insurers will no longer be able to make a distinction.. This final rule breaks ...
Equal Treatment: A Review of Mental Health Parity Enforcement in California - California Health Care Foundation
The 2008 federal Mental Health Parity and Addiction Equity Act (MHPAEA) put care and treatment of mental health and substance use disorders on equal footing - or parity - with physical health care, prohibiting insurers and health plans from imposing greater cost sharing or tighter limits on accessing care for behavioral health. Behavioral health coverage is essential (PDF) for the one in five adults diagnosed with a mental illness and the almost 8% of people age 12 years and older diagnosed with a substance use disorder. The Affordable Care Act (ACA) builds on the MHPAEA by requiring all plans sold to individuals and small employers to include coverage of mental health and substance use disorder services.. California has been a leader among states enforcing protections under MHPAEA. State regulators were ahead of their peers in assessing compliance with the comprehensive federal law. But representatives for patients and providers say more recent enforcement efforts are falling short at a time ...
Health care bills would affect mental health parity, HSAs and FSAs - Willis Towers Watson
The House approved legislation to improve access to mental health treatment and strengthen enforcement of the Mental Health Parity and Addiction Equity Act.
The Case against Mental Health Parity, Part II: Predictable Harms | NCPA
Advocates of mental health parity propose legislation that would require all private health insurance to establish the same deductibles and co-payments for physical and mental health care services.
Agencies Issue Interim Final Rules for Mental Health Parity Act
The story below is about the interim final rules issued in February 2010.. Federal agencies have issued long-awaited regulations on providing parity for employees enrolled in group health plans who need treatment for mental health or substance use disorders. The interim final rules were issued by the Treasury Department, the U.S. Department of Labor and the U.S. Department of Health and Human Services (HHS), and published in the Feb. 2, 2010, issue of the Federal Register. The rules apply to plan years starting after June 30, 2010. The new rules implement the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), enacted in October 2008 and effective as of Jan. 1, 2010, for calendar-year plans. MHPAEA prohibits group health insurance plans-typically offered by employers-from restricting access to care by limiting benefits and requiring higher patient costs than those that apply to general medical or surgical benefits. MHPAEA applies to employers with 50 ...
Does the Sunset Mental Health Parity Really Matter? | Selected Publications | Research | Goldman School of Public Policy |...
The 1996 Mental Health Parity Act (MHPA), which became effective in January 1998, is scheduled to expire in September 2001. This article provides an overview of what the MHPA intended to do and what it actually has accomplished. We summarize state legislature actions through the end of 2000 and report on their effects on employer-sponsored mental health coverage using a national survey fielded in 1999-2000. We then discuss possible amendments to the MHPA and reforms beyond full parity that might be considered.. ...
SDLRC Rule: 20:06:58 - MENTAL HEALTH PARITY
CHAPTER 20:06:58. MENTAL HEALTH PARITY. Section. 20:06:58:01 Definitions.. 20:06:58:02 Parity requirements with respect to aggregate lifetime and annual dollar limits.. 20:06:58:03 Plan with no limit or limits on less than one-third of all medical or surgical benefits.. 20:06:58:04 Plan with a limit on at least two-thirds of all medical or surgical benefits.. 20:06:58:05 Determining one-third and two-thirds of all medical or surgical benefits.. 20:06:58:06 Plan not described in sections 20:06:58:03 or 20:06:58:04 of this chapter.. 20:06:58:07 Parity requirements with respect to financial requirements and treatment limitations -- Clarification of classification of benefits.. 20:06:58:08 Parity requirements with respect to financial requirements and treatment limitations -- Clarification of type of financial requirement or treatment limitation.. 20:06:58:09 Parity requirements with respect to financial requirements and treatment limitations -- Clarification of level of a type of financial ...
mental health parity delayed | the faithful skeptic
Sen. Jim DeMint (R-S.C.) placed a hold and delayed until after the August recess Senate consideration of a bill (S 558) that would mandate mental health parity. The measure, sponsored by Sen. Pete Domenici (R-N.M.), was on track to be passed by voice vote before the August recess after insurers, businesses and mental health advocates…
ALSO NOTED: CVS plans MA retail clinics; Mental health parity advocates lobby Congress; and much more... | FierceHealthcare
| CVS has asked Massachusetts officials for approval to open 20 to 30 MinuteClinic retail clinic outlets. The CVS clinics would be the first retail clinics to open in the state. Article
| Mental health parity advocates are working the Hill this week, lobbying for passage of measures setting insurance coverage of mental illness on the same footing as other diseases. …
Mental Health Parity | The Sound of Ideas | ideastream
Mental Health Parity - Lynn Olman, former State Senator; Bill Denihan, CEO, Cuyahoga County Community Mental Health Board. Holiday Blues - Dr. Michael McKee, Cleveland Clinic psychologist; Dr. Vera Camden, Kent State University psychoanalyst.. ...
Mental Health Parity & Addiction Act | Advocacy | Hazelden Betty Ford
Understand your rights to insurance coverage for drug and alcohol addiction treatment under the Addiction and Mental Health Parity Rights law.
New regulations expand mental health parity requirements for group health plans - Lexology
On January 29, 2010, the U.S. Departments of Labor ("DOL"), Health and Human Services ("HHS") and the Treasury jointly issued interim final regulations implementing the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 ("MHPAEA").
CMS Proposes Expansion of Medicaid Mental Health Parity Requirements | Blogs | Health Care Law Today | Foley & Lardner LLP
What is Mental Health Parity? | NAMI South Bay
After years of NAMI advocates sending letters, making phone calls and visiting their members of Congress mental health parity is law. Now its time for you to make sure that the law is implemented and that you or your loved one get the treatment and supports you are entitled to. This infographic breaks down the…
The Mental Health Parity and Addiction Equity Act (MHPAEA)
This page complies with federal requirements in 42 CFR 438.920(b) for mental health parity. The page will demonstrate Idahos compliance, educate the public and provide contact information.
Hoyer Statement on House Passage of Mental Health Parity | The Office of Democratic Whip Steny Hoyer
WASHINGTON, DC - Majority Leader Steny H. Hoyer (MD) released the following statement after passage today of the Paul Wellstone-Pete Domenici Mental Health Parity and Addiction Equity Act:
Hoyer Statement on House Passage of Mental Health Parity | The Office of Democratic Whip Steny Hoyer
WASHINGTON, DC - Majority Leader Steny H. Hoyer (MD) released the following statement after passage today of the Paul Wellstone-Pete Domenici Mental Health Parity and Addiction Equity Act:
Mother fights for mental health parity
Democrats push for mental health insurance equal to that of physical health insurance.. State Senator Dave Hansen (D-Green Bay) says mental illnesses and drug and alcohol addictions are no less significant than physical ailments. One Wisconsin mother agrees. Joanne Grassmans daughter suffered from anorexia. Grassman thought she had excellent health insurance, that is, until her daughter needed psychiatric care.. State law in Wisconsin says that insurers can limit the amount of benefit that they will pay for mental illness treatment differently than if my daughter had cancer or if she had been in a car accident or any other kind of what we might call a physical illness.. Grassman says she has health insurance - and pays her monthly premiums - but it didnt help when she needed it most.. Parents should not have to incur a mountain of debt when treatment is available and you pay for health insurance. Its just not right.. Instead, Grassman had to take out a second mortgage on her home to pay ...
IJERPH | Free Full-Text | Community Gardening: Stress, Well-Being, and Resilience Potentials | HTML
The financial and health burdens of stress associated with increased urbanization have led to a demand for mental health enhancement strategies. While some extant literature details mental health benefits of community gardening, a coherent narrative on the construct of resilience and its relationship with the mental health benefits of community gardening is lacking. The present study examined the relationship between community gardening and a number of mental health benefits, in the forms of subjective well-being, stress, resilience potentials, and resilience factors (self-esteem, optimism, and openness). A total of 111 residents in Singapore completed a survey. Results from Multivariate Analysis of Covariance (MANCOVA) and Pearson’s correlation analyses show that, after controlling for age and levels of connection to nature, community gardeners reported significantly higher levels of subjective well-being than individual/home gardeners and non-gardeners, indicating that engagement in community
Protecting mental health insurance coverage | Parity Implementation Coalition
The Parity Implementation Coalition was formed to ensure that a federal law that protects mental health and substance use coverage is properly enforced.
Improvements in Mental Health Insurance Coverage
A new law requires that, for the first time in history, health plans (for companies with 50 or more employees) approach coverage for mental illnesses and substance abuse as they do physical diseases.
Agencies Seek Comments on Mental Health Parity Law - Buck | Buck
The IRS has released the 2022 contribution percentage used to determine whether employer-sponsored coverage.... Read more : IRS releases ACA shared responsibility affordability percentage for 2022 (Opens in new tab) ...
National Council Applauds Rep. Tonko for Seeking Strict Enforcement of Mental Health Parity Law – July 1, 2010 Deadline A...
Health, ... To speak with mental health experts on Wellstone/Domenici mental pa...Washington DC (Vocus) June 28 2010 -- With the deadline fast approac...,National,Council,Applauds,Rep.,Tonko,for,Seeking,Strict,Enforcement,of,Mental,Health,Parity,Law,–,July,1,,2010,Deadline,Approaching,medicine,medical news today,latest medical news,medical newsletters,current medical news,latest medicine news
Mental Health Parity: A Year Later, Are We There? - Managedcaremag.com
Benefit consultants report that the law has raised health costs for few, if any, employers. One reason, says Michael J. Jeffrey, a principal at William M. Mercer Inc. in Baltimore, is that most companies are already controlling health care expenditures through managed care. Managed cares ability to hold down costs has made parity more acceptable to employers and, notes Jeffrey, has tended to make the whole parity debate somewhat less meaningful.. For almost two thirds of the 170 million Americans enrolled in managed care plans, mental health and substance abuse benefits are carved out to managed behavioral health care companies.. Behavioral health carveouts werent much affected by the law because they generally dont use dollar limits to cap benefits, asserts Eileen Settineri, a New York-based consultant with Watson Wyatt Worldwide. Even before the act took effect, many of these plans had removed annual and lifetime dollar ceilings on mental health benefits, she notes. Large managed care ...
Mental Health Parity: A Year Later, Are We There? - Managedcaremag.com
Benefit consultants report that the law has raised health costs for few, if any, employers. One reason, says Michael J. Jeffrey, a principal at William M. Mercer Inc. in Baltimore, is that most companies are already controlling health care expenditures through managed care. Managed cares ability to hold down costs has made parity more acceptable to employers and, notes Jeffrey, has tended to make the whole parity debate somewhat less meaningful.. For almost two thirds of the 170 million Americans enrolled in managed care plans, mental health and substance abuse benefits are carved out to managed behavioral health care companies.. Behavioral health carveouts werent much affected by the law because they generally dont use dollar limits to cap benefits, asserts Eileen Settineri, a New York-based consultant with Watson Wyatt Worldwide. Even before the act took effect, many of these plans had removed annual and lifetime dollar ceilings on mental health benefits, she notes. Large managed care ...
Your question: What do mental health parity laws require?
Entry 1 of 2) 1 : the quality or state of being equal or equivalent Women have fought for parity with men in the workplace. 2a : equivalence of a commodity price expressed in one currency to its price expressed in another The two currencies are approaching parity for the first time in decades.. ...