Would it really do much good to extend the length of COBRA health insurance coverage as part of an economic stimulus package? Would people really sign up? Does COBRA ever really work well?
As more people lose jobs, and therefore insurance, policy makers are considering extending the length of time that unemployed people can continue their old employer health plans. Unemployed workers would have to pick up the entire cost, however, which can get very expensive.
Policy makers also are considering temporarily expanding Medicaid coverage to people who wouldn't otherwise qualify, with the federal government picking up the tab.
Is lengthening COBRA a waste of time? FamiliesUSA released a study Friday finding that COBRA costs on average eat up most unemployment benefits. Is it better to stick with Medicaid, or are there dangerous precedents in expanding Medicaid's reach?
-- Marilyn Werber Serafini, NationalJournal.com