COBRA doesn't mean you get free healthcare. It means you pay the rate that your employer did, plus a 2% administrative fee. It's better than individual coverag

COBRA doesn't mean you get free healthcare. It means you pay the rate that your employer did, plus a 2% administrative fee. It's better than individual coverage because individual plans are made more expensive to counteract adverse selection (i.e. people who buy plans are sicker than those who don't) but it's not really affordable for someone who just got laid off.