Just 28 Republicans voted for the last debt-limit hike in February 2014, when nearly all Democrats helped it pass in a tight 221-201 vote. Nine of those 28 Republicans are no longer in Congress, raising the question of whether a similar measure could pass this time.
Identification. COBRA stands for Consolidated Omnibus Budget Reconciliation Act. It was passed by Congress in 1985 as a means for individuals to continue health insurance coverage for a period of time after losing group coverage due to termination of employment.
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is health insurance coverage that most employer are required to manage for an employee that is laid off, not fired. The âmanageâ is due to the fact that the employer usually pays none of the cost of COBRA that the former employee takes on.