Continuing Extension Act of 2010
Date:
April 15, 2010
Maximum Amount:
$2.06 billion
Amount Spent:
$2.06 billion
Deficit Impact:
$2.06 billion As part of the Continuing Extension Act of 2010, COBRA benefits were extended for another two month, raising the maximum number of eligible weeks in which unemployed workers can keep their old health insurance from their previous employer at a subsidized cost.
Extended unemployment insurance benefits were originally passed as part of the American Recovery and Reinvestment Act.
Notes:
The deficit impact reflects the net change in the deficit from COBRA benefits. Maximum amount reflects total increased outlays and reduced revenues for the provision over the 2010-2020 period.