Panicked, my friend emails me about his Mom and the fact that her ARRA subsidy is about to expire, moving her monthly rate from $300 a month to $900 a month. (Missouri, F, 50 yrs old, HMO style plan)
Damn. That's like 1/2 a set of jerseys.
Well, guess what? The same level of coverage is only $510 a month. Still dirty.
"Why is the COBRA so expensive?" the dutiful son asks.
Because that's the way the law is written. Group plans are guarantee issue, but still underwritten as a group. Add one sick person or family member, and you can see rates two to three times individually single and family plans.
Wake up Ruggers! Own your own insurance! Don't allow this to happen to you, or your family.