Unemployed people, who depended on COBRA for extended coverage on medical expenses or the ones who could benefit from the 65% subsidies provided by the law (some people who lost their jobs before September 1st last year, could not benefit even from COBRA as per their response to a blog by Laurie Brannon.) breathed a sigh of relief when, Obama inked the “American Recovery and Reinvestment Act” or ARRA, as its known into the American law this February.
I feel that the COBRA or the “Consolidated Omnibus Budget Reconciliation Act” has been the most nerve wrecking and complicated laws of the federal government that are effective in a workplace.
The consequences of the ARRA that is the tweaked version of COBRA are aplenty and since the time President Obama has put the law into effect, the IRS is trying to cope up with this law.
