COBRA
Consolidated Omnibus Budget Reconciliation Act of 1985
§ LEGISLATIONhealthcare· 1986
What It Did
Required employers with 20 or more employees to offer continuation of group health insurance coverage to employees and their families after qualifying events such as job loss, reduced work hours, or divorce. Beneficiaries must pay the full premium plus a small administrative fee.
The Vote
House · 309–106 (conference report)
D
218 YEA · 24 NAY
R
91 YEA · 82 NAY
Senate · 76–17 (conference report)
D
41 YEA · 3 NAY
R
35 YEA · 14 NAY
Key Sponsors
→ Pete Stark (D-CA) · House
→ Bob Dole (R-KS) · Senate
Sources: Congress.gov · VoteView · FRED
In the Years Following
Economic indicators related to this law, showing 5 years before through 10 years after.
CPI — Medical Care
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Unemployment Rate
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Labor Force Participation
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.