Extending the COBRA subsidy

As most people know, COBRA is a program that allows the unemployed to continue health insurance coverage. COBRA is a way for people to remain on a group insurance policy between jobs.

Without COBRA, families lose their health insurance and then have to shop for policies on the individual market. The individual market is not heavily regulated (until 2014) so companies can deny coverage for preexisting conditions.

In 2009 the stimulus package included subsidies for COBRA, because these policies tend to be extraordinarily expensive. The subsidy covered 65 percent of the COBRA premium. This lowered the average monthly cost for a family plan from $1,111 per month to $389 per month.

The COBRA subsidies are now ending for unemployed workers and Congress has not extended the program. That is a tragedy for North Carolina. We are still experiencing double-digit unemployment. Vague and unfounded worries about federal spending is not a good reason to deny health insurance to struggling families.

One Comment

  1. […] This post was mentioned on Twitter by Adam Linker, Victoria Evans. Victoria Evans said: Extending the COBRA subsidy http://bit.ly/cZJpjy […]

Check Also

Context is key for understanding Insurance Commissioner’s Affordable Care Act comments

Many people were surprised to see a story ...

Top Stories from NCPW

  • News
  • Commentary

When the N.C. General Assembly’s top staffer announced plans last week to roll out sexual harassment [...]

It took five deadlocked votes along party lines and a failed suggestion to draw names from a hat for [...]

Late March is prime spring planting season in North Carolina, and this year, as part of his personal [...]

The following collection of numbers comes from the 2018 North Carolina Child Health Report Card comp [...]

Ordinary Americans – those of us not allowed to know the secrets of high-level espionage work – at t [...]

Though they are sometimes dressed up in prettified language about “freedom” and “choice” and “market [...]

The post The apple doesn’t fall far from the tree appeared first on NC Policy Watch. [...]

In the aftermath of recent action by state lawmakers to back down from their previously enacted unfu [...]