Expected loss of COBRA subsidy worries jobless

It’s been more than 11 weeks since the federal 65-percent subsidy of COBRA benefits expired for newly unemployed workers.

Annie Lowry at The Minnesota Independent reports that an extension to the popular stimulus provision — which allowed laid-off workers to continue to purchase health insurance from their former employer — isn’t likely.

With deficits a big political issue, neither the Senate nor the House has moved to continue the COBRA subsidy, which The National Employment Law Project estimates has benefited 2 million people (Katherine Hobson, the Wall Street Journal).

For the average worker who has lost a job since May 31, that means the cost of COBRA has tripled.

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Should the government extend the COBRA subsidy program? Share your opinion in the comment section below.

 

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