Jump in COBRA could affect insurance costs

August 18, 2009 2:42:01 PM PDT
A jump in the number of people relying on a program to keep their health insurance after being laid off could mean higher insurance prices for those who are still employed.The program, known as COBRA, allows people to keep their former employer's health coverage for up to 18 months. In February it was announced that 65 percent of the program's costs would be subsidized, and the number of people in the program doubled.

Analysts warn that could mean more costs for employers who might be forced to raise healthcare premiums for their employees next year.

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