COBRA subsidy may raise health care premiums

April 2009
Employee Benefit News;4/1/2009, Vol. 23 Issue 4, p1
The article focuses on the negative effect of claims by terminated employees on the premium rates of the Consolidated Omnibus Budget Reconciliation Act (COBRA). The cost of covering COBRA enrollees reportedly costs 145% as much as to cover active employees. It is stated that enrolling many COBRA members through government subsidy will bring premium revenue on a risk pool to the insurers. The desire by some employers to remove from the plans all COBRA-member claims is also indicated.


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