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The American Rescue Plan of 2021 (ARPA), which was recently
signed into law by President Biden, contains several provisions
designed to assist employers and employees in the wake of the
COVID-19 pandemic. Among other things, Section 9501 of ARPA
establishes a 100% premium subsidy under the Consolidated Omnibus
Budget Reconciliation Act (COBRA), as well as additional COBRA
enrollment rights for certain employees.
In general, COBRA requires all group health plans sponsored by
private employers to offer temporary continuation of coverage to
employees and their families when such coverage would otherwise be
The American Rescue Plan Act Of 2021 COBRA Premium Subsidy - Food, Drugs, Healthcare, Life Sciences
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The COVID-19 pandemic, the deadliest of its kind in a century, created a wave of human suffering and severe economic disruption. In April 2020, the U.S. unemployment rate reached 14.8 percent, a full four points above the previous post–World War II high.REF
Amidst concerns that the economy could spiral into a new depression as a result of pandemic-related economic restrictions, legislators passed five relief bills that authorized over $4 trillion in combined spending.REF The combination of record-setting spending and reduced revenue caused a surge in gross federal debt, spiking from $23.4 trillion on March 13, 2020, to $27.9 trillion on February 9, 2021,REF an increase of over $34,000 per household in less than 11 months.REF
An abbreviated history of budget reconciliation James C. Capretta | Feb 1, 2021
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Budget reconciliation – the oft-used pathway for expediting tax and spending legislation through Congress – may be poised for another star turn on the national stage. Democratic leaders are signaling they might set it in motion to secure passage of President Biden’s $1.9 trillion COVID-19 response measure. Some background on the process, and its history, may be helpful to understanding the importance of this imminent decision.
Budget reconciliation has been central to federal policymaking for more than four decades. Created in the 1974 Congressional Budget and Impoundment Control Act, the process allows the House and Senate to pass a budget, and then a bill implementing it, with majority votes, tight rules on allowable amendments, and limited time for debate. The process was first used in the last year of the Carter presidency to assemble unrelated budget cuts from several
that as well. if your question is, we re going to need 60 votes to save the planet, the answer is, no, we are not. there are ways to get that through the act which will require 51 votes and that s the method we will use. i want you to meet mark. he s a graduate student studying climate science at cornell university. senator sanders, in your green new deal plan, you argue that nuclear energy is a false solution to the climate crisis. however going forward, we will need every contribution from all renewable energy sources especially since the production doesn t depend on the time of day and current weather conditions. how can you dismisses this economy when it will be necessary in our country s infrastructure. thank you, mark. here s the answer, mark, we got a heck of a lot of nuclear waste
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