Tuesday, January 13, 2009

Will Congress Subsidize COBRA insurance payments?

There are some stories circulating about that congress is thinking of subsidizing ~50% of people's COBRA insurance payments.

This would make it far more affordable for the people getting by on unemployment checks, and it would make it far more expensive for the corporations who are making the lay-offs--This is because, according to the article, for every $1 in COBRA insurance premiums collected the company pays out ~$1.50 in claims.

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