4 ms·
COBRA these days ends up being way too expensive for most people to afford. Perhaps at one time it was a useful regulation. Now it is pretty unaffordable.
by golover721 7y ago
COBRA these days ends up being way too expensive for most people to afford. Perhaps at one time it was a useful regulation. Now it is pretty unaffordable.
- SOLAR_FIELDS 7y agoIf it was useful, it was a very long time ago. I remember my parents being in between jobs in the late 90’s and early aughts and complaining that COBRA was extremely expensive. The only reason the law seems to exist anymore is for people who somehow have some expensive debilitating condition yet can still work (or are a worker covering a family member with such condition). And that’s a pretty small subset of all health insurance buyers. Data seems to agree: in 2007 the usage of COBRA was 10%: http://www.cnn.com/2009/HEALTH/01/23/cobra.health.insurance/ http://www.cnn.com/2009/HEALTH/01/23/cobra.health.insurance/
- masonic 7y agoI thought COBRA was exceedingly expensive in 2000. Now, the cheapest HMO Bronze plan is 300% more, adjusting for inflation.