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GAO-10-804R 1 (2010-06-14)

handle is hein.gao/gaobaantf0001 and id is 1 raw text is: &GAO A o bintbihty I integrity I Rehalblity United States Government Accountability Office Washington, DC 20548 June 14, 2010 The Honorable Mitch McConnell Republican Leader United States Senate The Honorable Joseph Lieberman Chairman The Honorable Susan M. Collins Ranking Member Committee on Homeland Security and Governmental Affairs United States Senate The Honorable Charles Grassley Ranking Member Committee on Finance United States Senate The Honorable Edolphus Towns Chairman The Honorable Darrell Issa Ranking Member Committee on Oversight and Government Reform House of Representatives Subject: GAO Proactive Testing of ARRA Tax Credits for COBRA Premium Payments From 2008 to 2009, the U.S. unemployment rate increased significantly from 5.3 percent to 9.2 percent, leaving many Americans jobless and at risk of losing their employer-sponsored health care. Through the American Recovery and Reinvestment Act of 2009 (ARRA)' and subsequent amendments,2 employees who were involuntarily terminated between September 1, 2008, and May 31, 2010, became eligible to continue their health care coverage for up to 15 months at reduced rates. Previously, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allowed certain former employees to maintain health coverage by paying the entire cost of coverage. Under ARRA, former employees pay 35 percent of insurance premiums while employers pay the remaining 65 percent. Employers are reimbursed 'Pub. L. No. 111-5 (Feb. 17, 2009). 2 Several subsequent acts have extended the original expiration date. Currently, the provision applies to all employees terminated through May 31, 2010. Pub. L. No. 111-157 (April 15, 2010). GAO-10-804R Proactive Testing of COBRA Tax Credits

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