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ANALYSIS
March 2, 2009
Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
March 2, 2009
Downward price spiral will actually boost the cost of capital for most companies. CFOS, take note.
March 2, 2009
The latest bailout at AIG could be a preview of how the president will deal with Wall Street.
March 2, 2009
No corporate defaults. Big debt offerings. Percolating CP issuance. Things may be looking up in the capital markets.
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February 9, 2009 3:44 PM ET
(Business Insurance)—The federal government would pay 50% of COBRA health care premiums for up to 12 months for employees who are laid off from Sept. 1, 2008, through Dec. 31, 2009, under a massive economic stimulus bill the Senate is expected to vote on Tuesday. Those COBRA premium provisions, agreed to over the weekend by a bipartisan panel of Senate negotiators, are a change from the provisions earlier approved by the Senate Finance Committee. Under that panel’s measure, the government would have provided a 65% premium subsidy, but the subsidy would have ended after nine months. The total estimated cost of the revamped COBRA provision would be about $20 billion compared with $25 billion in the Finance Committee bill. Numerous other provisions in the stimulus measure also were changed by negotiators to reduce the total cost of the package by about $100 billion to just over $800 billion. Under an economic stimulus bill passed earlier by the House of Representatives, the federal COBRA premium subsidy would be set at 65% and last for up to 12 months. That measure also would allow employees terminating employment after 10 years with one employer and those age 55 and older to retain COBRA until eligible for Medicare at age 65. That broad COBRA eligibility expansion, lobbyists say, is not expected to win final congressional approval.
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Latest News
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CRAIN'S BENEFITS OUTLOOK 2009
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