Report on COBRA confirms what we already knew

America Blog  Jan 10 09

It's too expensive. COBRA has never made much sense to me because if you have just lost your job, how are you going to find enough money for insurance? Where do you find a spare $1000+ per month to insure a family when you don't have a job? Sure, having easy access to health insurance is great but the costs - especially today - are well out of reach. The cost of buying health insurance for unemployed Americans who try to purchase coverage through a former employer consumes 30 percent to 84 percent of standard unemployment benefits, according to a report released yesterday.Because few people can afford that, the authors say, the result is a growing number of people being hit with the double whammy of no job and no health coverage. Full story...

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