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.

Click here to find out more.

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


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