Subsidizing COBRA Is Not Enough!
Subsidizing COBRA Is Not Enough–We Need Single Payer
By Andrew Coates, MD–
COBRA is a law that allows you to keep your employer-sponsored health insurance for 18 months if you lose or change jobs. To do so, you have to pay 102% of the cost (the full premium plus a 2% surcharge).
The stimulus package just passed provides for laid off workers, who had health insurance on the job, to receive a subsidy of 65% of the health insurance premium for up to nine months.
According to a report by FamiliesUSA, the national average unemployment benefit is $1,278 monthly. Under COBRA, national family coverage averages $1,069 per month. So laid off workers, in order to keep health insurance for their families, will have to pay more than $375 a month but after nine months will have to come up with the full $1,069.
To keep family coverage under COBRA, with the subsidy, it will cost people who are laid off, on average, almost one-third of every unemployment check. This money will go to a health insurance company, instead of food, housing and school expenses for the family. (Read the whole story)
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Written by jointefforthost
February 20, 2009 at 2:58 am
Posted in Health-Care, Tax Fraud
Tagged with Barack Obama, business, Cobra, Congress, corruption, Culture, Dishonest, economy, Education, Health Insurance, Healthcare, HR676, Lifestyles, Political, Politics, Register to Vote, Single Payer, Taxes, unemployment