COBRA, if you are unaware, is the Consolidated Omnibus Budget Reconciliation Act which was created in 1986, and is a government run health insurance plan for people who have recently lost their jobs. COBRA is a pretty expensive health care coverage plan, but that changed back in 2009 when Congress passed a stimulus bill that subsidized sixty-five percent of the costs of COBRA, making it much more affordable for nearly everyone who needed it. Sadly, that subsidy might be ending soon.
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California Insurer Rate Hikes to be Scrutinized by Analysts
It's been big news here for a while now that several companies such as Blue Shield of California, Health Net, Anthem Blue Cross and Aetna have been proposing massive rate hikes for a long time, which has come under scrutiny of customers, legislators and heck, even the President. Well, in an article in the San Francisco Chronicle entitled, "Health insurance rates will get outside look," state health regulators will hire third-party analysts to review the rate increases.