From Pine View Farm

We Need Single Payer 0

The whole darn system of tying health insurance to employment was absurd from the git-go; that may be why every other industrialized company does it differently.

A house built on sand and all that, dedicated to the proposition of paying insurance company execs’ country club memberships and Wall Street Banksters trading fees.

Now it is falling apart, and we can see who is more important to our elected representatives incongruously assembled: rich folks or rickety folks.

Look what happens when COBRAs are unleashed:

The government’s COBRA subsidy will expire this month for many people who lost their jobs between September 2008 and February of this year and are still out of work. The federal subsidy, adopted in March in the midst of the deep recession, paid 65 percent of the cost of monthly insurance premiums for up to nine months.

An effort has emerged in Congress to extend the aid, but deficit concerns may make that a tough sell. The end of the subsidy would be a major blow for people battling extended joblessness.

The cost of maintaining the average policy was $398 per month for a family and $144 for an individual, according to the Kaiser Family Foundation. Once the subsidy expires, that cost jumps to $1,137 per month for family coverage and $410 per month for individual coverage.

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