The Hill: Abortion Battle could Kill COBRA Push
Congressional Republicans are also open to creating a new sign-up period to allow uninsured people to enroll for coverage on the Affordable Care Act (ACA) exchanges, despite the always-fraught politics of ObamaCare, sources say.
Including protections for health coverage in the next coronavirus response package is gaining urgency given that a staggering 30 million people have filed for unemployment in the past six weeks, many of whom will also be losing their employer-based health insurance in the middle of a pandemic.
….“Subsidizing COBRA, as they have suggested, would be both expensive and ineffective: Not only would health insurance corporations make massive profits off the plan—profits that come at the cost of the American taxpayer—but it would still leave tens of millions uninsured or underinsured,” Sen. Bernie Sanders (I-Vt.) wrote in a Politico op-ed last week.
….Powerful industry groups, including the American Hospital Association, America’s Health Insurance Plans and the U.S. Chamber of Commerce, are backing a push to create a new sign-up period as well as the COBRA subsidies.
….In addition to the objections from the left, some on the right are also raising concerns with the COBRA subsidies. Casey Mulligan, Brian Blase and Doug Badger, former economic advisers in the Trump and George W. Bush administrations, issued a statement last week calling the proposal “corporate welfare” for insurance companies.