Friday, July 23, 2010

COBRA Subsidy to End

Nothing lasts forever, even in the LaLa world of Washington. The land where money seemingly grows on tree's has at least for now seen a halt in reckless spending. 

U.S. workers who lost their jobs as of June 1 won’t be eligible for a 65 percent federal subsidy to help pay for health insurance under an unemployment bill Congress will send to President Barack Obama for signing.

Eligibility for the financial help expired May 31, meaning workers who lost their jobs after that date don’t qualify. Those already receiving the benefit may continue to pay reduced premiums for up to 15 months, according to the Department of Labor.

Had Washington spent their resources on encouraging the private sector to create jobs instead of pissing money away on welfare programs there might not be a need for continued assistance.

Workers who lose their job and are no longer eligible for the health-insurance subsidy should check if they or their children may be eligible for other public aid such as Medicaid and the Children’s Health Insurance Program, said Kaiser’s Schwartz.

Most folks would rather have a job than rely on public assistance. Given the anti-capitalist mood of the White House it doesn't appear the economy and the jobs that come with it will turn around any time soon.

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