As more people lose their jobs, they may have to rely on COBRA or the individual insurance market to get health insurance for themselves and their family. But with insurance companies raising premiums by double digits, most will not be able to afford it.
COBRA is the federal law that allows people who were working for employers that have 20 or more employees to keep their employer-sponsored group coverage after they leave their job by paying the full premium themselves (plus an administrative charge). Ironically, COBRA is unaffordable to many people who lose their jobs and thus have no income.
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