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.
Introduction to COBRA Continuation Coverage The Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as COBRA, is a federal law that requires employers of 20 or more employees with group health plans to offer employees, their spouses and dependents a temporary period of continued health care coverage if they lose coverage through the employerâs group health plan.