BUSINESS

New Bill Would Extend COBRA Subsidy: Representative Joe Sestak

03/18/2010 05:12 am ET | Updated May 25, 2011

Nov. 10 (Bloomberg) -- The U.S. Congress should extend a health-care subsidy that helps the unemployed before it ends for some recipients this month, Representative Joe Sestak said.

Sestak, a Pennsylvania Democrat, said he'll send a letter to House Speaker Nancy Pelosi today urging her to act on his bill, which would extend by six months the amount of time fired workers can receive a 65 percent reduction in their monthly premiums through Cobra.

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