Friday, May 21, 2010
COBRA SUBSIDIES CONTINUE
Congress Agrees To Extend Jobless Benefits, Delay Medicare Payment Cuts.
The AP (5/21, Ohlemacher) reports, "Lawmakers have agreed on legislation to extend expanded jobless benefits for the long-term unemployed through the end of the year. Laid-off workers would also continue to get subsidies to buy health insurance through the COBRA program." The measure "would be paid for, in part, by tax increases on investment managers and some US-based multinational companies." The AP explains that "lawmakers had been negotiating a provision that would spare doctors from a scheduled 21 percent cut in Medicare payments. They agreed to delay the cuts until 2014, when they will have to address the issue again." The AP notes, "The House could vote on the bill as early as Friday, with the Senate voting next week."