A U.S. program aimed at helping unemployed people keep their health insurance costs so much it is largely unaffordable, a health consumer group said in a report released on Friday.
On average, health insurance plans available under the so-called COBRA program take up more than three-quarters of a worker's government unemployment compensation, the non-profit Families USA reported.
Full Story »
While it only covers the results of one report, I'm just glad anybody covered it at all. Several friends of mine have gone through this and it is absolutely accurate in my experience.
Useful info. The piece would have been more useful if the reporter had included some stats on private insurance costs and how long COBRA coverage is available and what propsects there are for change with a ne administration in Washington.
If they don't have assets to protect there is not much point in continuing health insurance. They would be eligible for free care. So, the article misses entirely the situation of the unemployed and how they make a decision on this.
Retrieving Comments
