Assistant Secretary of Labor Phyllis Borzi told BusinessWeek Wednesday she hopes to see the COBRA subsidy program extended through the end of this year.
U.S. workers who involuntarily lose their jobs before April 1 can claim the 65 percent subsidy and receive it for up to 15 months. Congress has extended the subsidy twice since December.
"This stop and go thing," Borzi told BusinessWeek,"is what kills employers." It's like the scene in old movies where the "lady is tied to the railroad tracks. That's why it would be much simpler for employers to administer the subsidy if the next subsidy extension were adopted before the prior extension expired."
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