COBRA insurance subsidy still leaves out millions of Americans

12/28/2009 | Wall Street Journal, The

Millions of Americans may still struggle to get insurance because a health reform subsidy under the Consolidated Omnibus Budget Reconciliation Act of 1985 leaves out the self-employed and people who worked in companies that abruptly closed down, are too small or never offered insurance. Despite growing concern, the Obama administration insists that the COBRA subsidy "is a vast improvement over what was in place before when there were no subsidies at all."

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