Wednesday, March 3
COBRA Stopgap Signed
Tuesday continued to revolve around Healthcare and COBRA subsidies. Earlier Tuesday, President Obama signed into effect a 31-day extension for the COBRA subsidy. This will extend the coverage offered to those involuntarily terminated from March 1st to the 31st. The subsidy will cover 65% of the total premium.
Currently the Senate is debating and will continue debating a piece of legislation (H.R. 4213) that will extend the subsidy until December 31, 2010. In estimates, the new bill would exceed $100 million dollars and Congress would be responsible for finding ways to fund through cuts in other spending.
Labels: COBRA, cobra subsidy, Insurance, unemployed, unemployment
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