Tuesday, January 06, 2009

Obama Wants to Provide Federal Health Insurance Assistant to Laid-Off Workers

The American Recovery and Reinvestment Plan proposed by President-Elect Barack Obama includes as an economic jump-start includes a possible two-year expansion of Medicaid, as well as subsidies for employers who provide continued coverage for retired and laid off workers. These proposed measures were outlined in the Insurance and Financial Advisor.

Obama, along with Congressional Democrats, wants to expand federal insurance assistance by opening Medicaid enrollment to individuals laid off from jobs that didn't provide health insurance coverage.

In addition, they are proposing that employers be subsidized for the mandated COBRA coverage they must provide to former employees and their dependents.

These policies are intended solely as a temporary fix to get the U.S. out of the current recession, and would expire in two years if enacted. Obama is currently in talks with congressional leaders regarding his economic stimulus plan, prior to his inaguration on January 20th.

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