Friday, January 9, 2009

Report Finds People Living on Unemployment Benefits Can't Afford COBRA

ABC's Lisa Stark reported today that most unemployed individuals and families are unable to afford the COBRA coverage for health insurance. COBRA allows laid-off workers to continue with their employee-provided health insurance. Many times this health insurance is far too costly to continue as making housing and food payments come first in the family budget. According to the article, Families USA found that workers nationwide would have to spend an average of 30 percent of their unemployment check to pay for insurance coverage for an individual, and an astonishing 84 percent of their unemployment check for health insurance for a family.

What do you think can be done to reduce the cost of this coverage? Will Daschle's appointment foster in a new wave of health insurance reform? Share your thoughts.

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