As part of a $636 billion defense spending bill, Congress has forwarded a proposed extension of Consolidated Omnibus Budget Reconciliation Act (COBRA) benefits.
Nine months ago, unemployed workers received a boost to continue their health care coverage through the American Recovery and Reinvestment Act, which extended COBRA benefits. The move, meant as a temporary way to provide a 65% premium subsidy and ease the cost of health care for the unemployed, has already expired for some.
Omitting a government-run health insurance program from a Senate reform bill will give private insurers “free rein” to increase premiums and “drive up the cost of federal subsidies,” according to a group of Senate Democrats.
As members of Congress work diligently to craft legislation on health care reform to debate later this summer, President Barack Obama has reminded them of his sense of urgency on … Read →
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.