President Barack Obama waves as he boards Air Force One before his departure from Andrews Air Force Base, Md., Friday, Nov. 8, 2013, as he travels to the Port of New Orleans. (AP Photo/Pablo Martinez Monsivais)

WASHINGTON (AP) —  It’s final: Health insurance companies now must cover mental illness and substance abuse just as they cover physical diseases.

The Obama administration issued new regulations Friday that spell out how a 5-year-old mental health parity law will be administered.

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