The 65% premium subsidy enacted to help recipients pay for benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) failed to substantially increase use of the program a new study finds.
The study by the Employee Benefit Research Institute sought to quantify the impact of the subsidy provided for by the American Recovery and Reinvestment Act of 2009. While the subsidy paid 65% of the premium for individuals who were covered under COBRA and who incurred an involuntary job loss between Sept. 1, 2008, and Dec. 31, 2009, fewer than expected took advantage of it.
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