5/6/2004: Bid To Expand COBRA Health Premium Subsidy Rejected by U.S. Senate (Business Insurance; free registration required)

Excerpt: Congress last year, as part of trade legislation, set up and funded a new program that provides a 65% tax credit for eligible individuals to apply toward the premium they pay for qualified coverage.... The rejected amendment, proposed by Sen. Ron Wyden, D-Ore., to an export trade bill, S. 1637, would have bumped up the federal subsidy to 75%. The amendment died after falling five votes short of the 60 votes needed ...