Word: healthfulness
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...going broke - and in their early years, they've seen governments go broke before. They have seen big ambitious government plans do great damage, and so they maintain a deep suspicion of even the best intentions. I truly hope they are wrong, that the changes wrought by a federal health plan will not, to them, be familiar ones...
With the job outlook grim, unemployed workers received an unexpected boost this week as President Obama signed legislation authorizing a six-month extension of the COBRA health care subsidy program that was part of the economic stimulus bill passed in February. "That makes me pretty happy," says Don Hall, 56, who lives outside Sandusky, Ohio. A supervisor with an MBA at an automotive parts supplier to Ford Motor Company, Hall was laid off in October 2008. He recently sent a letter of hardship to Wells Fargo to try to save his house from foreclosure. His subsidized COBRA payment has been...
...millions of laid-off workers and their families, the federal COBRA subsidies have been a health-coverage lifeline," says Ron Pollack, executive director of Families USA, a non-profit organization for health care consumers.(See the 5 things that the House and Senate have to iron out on Health Care...
Under the American Recovery and Reinvestment Act (ARRA), the federal subsidies pay 65% of the cost of COBRA premiums. Originally, the subsidy was to expire after nine months and unemployed families would have seen their health care premiums spike on average from $389 to $1,111 per month. This tripling of cost could have caused many families to drop their health care coverage just as Congress is on the cusp of passing the most far-reaching health care reform legislation in history. (See the Cheapskate blogger on COBRA...
...Casey, also a Democrat, says the legislation will help the "many middle class families struggling to get by." Workers who were involuntarily terminated from their jobs between September 1, 2008 and Dec. 31, 2009 are eligible for the subsidy that helps individuals and families continue on employer-sponsored health insurance. The new legislation, part of the $636.3 billion fiscal year 2010 defense spending bill, extends the subsidy from nine to 15 months and opens the program to workers who will be laid off between Jan. 1, 2010 and Feb. 28, 2010 as well...