Hospital, business groups push for COBRA subsidies for furloughed workers
Wednesday, May 13, 2020
Posted by: Dave Anderon
Hospital lobbyists are banding with insurers and employer groups to ask Congress to hike subsidies for coverage under the Consolidated Omnibus Budget Reconciliation Act - commonly known as COBRA - for employees who have recently lost their healthcare. Having more people retain private health insurance coverage is good for hospitals' payer mix. But the COVID-19 pandemic could make the subsidies even more impactful for hospitals as they are in the unusual position of having to furlough or lay off their employees.
"If the government is interested in helping hospitals, as they are, this program would be a means of underwriting and supporting hospitals," said Steve Rasnick, board member of the Health Care Administrators Association and the president of Self Insured Plans, LLC.
To read the full article, visit Modern Healthcare.