Politics

1.2 million to lose benefits in days if stalemate continues

Pat McMahon Contributor

Millions of people will lose their health insurance and unemployment benefits because of the Senate stalemate over a tax package.

More than 1.2 million Americans will exhaust their unemployment benefits by the end of June if Congress fails to work out a deal on an extension of unemployment benefits, according to the National Employment Law Project, a group studying the issue.

In addition, neither the House nor the Senate bill have approved an extension of the COBRA subsidy that requires unemployed workers to pay only 35 percent of a premium to maintain health insurance. That subsidy was originally included in last year’s stimulus bill.

The premium generally costs hundreds of dollars, a price many unemployed people are unlikely to be able to afford without the subsidy.

Full story: 1.2 million to lose benefits in days if stalemate continues – The Hill’s On The Money