Economy

June 4, 2010

COBRA subsidy starts expiring as Congress grapples with extension

Howard Kornblum has been watching every penny for the past 15 months, and it's about to get worse. After being laid off from his job as a consulting director in Michigan, he took advantage in March 2009 of a federal subsidy to help pay for health insurance. With the government picking up 65 percent of the tab, Kornblum's share of the premiums was $236 a month. On Tuesday, the subsidy expired for the first people who got it

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