Be the first to like this
COBRAhealth.com Obamacare aka the new health care reform law, aka The Patient Protection and Affordable Care Act, aka PPACA. COBRA may become useless, if the health exchanges are successful. If 80% of employers end their group health insurance, COBRA is history. Fewer employees = more savings (per person) on health plan & COBRA admin cost. Higher premiums = lower COBRA participation. Obamacare requires employers to auto-enroll new hires into a health plan, giving them COBRA rights instantly. Fewer Insurers means less competition and higher COBRA premiums for participants. The CBO says health insurance premiums could rise 30%. COBRA is already unaffordable for most of the people eligible. People may quit more often, resulting in more COBRA administration.